LG Chem [051910:KS] and Korea Zinc [010130:KS] will establish a joint venture (JV) in May 2022 to produce precursors, a material crucial for cathode materials in electric vehicle (EV) batteries, as reported by The Korea Economic Daily on April 24. Korea Zinc will control 60%...
South Korean steel-making company POSCO [005490:KS] has begun construction of a KRW1tr (USD800m) production facility for non-oriented electrical steel sheet at its Gwangyang steelworks, in response to growing demand for environmentally friendly steel in the automobile and home appliance industries, as reported by Nikkei Asia...
Thailand's Provincial Electricity Authority announced a plan to invest THB253bn (USD7.4bn) on projects such as smart meters and electric vehicles (EVs) to accelerate its efforts toward carbon neutrality by 2050. Specifically, the plan allocates THB103bn (USD3bn) towards energy storage systems and THB2.8bn (USD82m) towards EV...
The International Sustainability Standards Board (ISSB) is expected to issue a set of ESG disclosure standards by the end of 2022, which is likely to be accepted internationally, as reported by Sina News on April 20. The Vice-Chairman of China Securities Regulatory Commission (CSRC), Fang...
Eight Chinese asset managers, including E Fund, China Merchants Fund Management [600036:CN], GF Fund, Fullgoal Fund, China Universal, and others, have submitted their applications to the CSRC for launching new carbon neutrality-themed exchange-traded funds (ETFs), as reported by Yicai on April 21. The eight ETFs...
Mitsubishi Chemical [4188:JP], Tokai Carbon [5301:JP], and other Japanese electric vehicle (EV) battery material providers are raising outputs overseas to appeal to Western countries intending to diversify their sources of supply, as reported by Nikkei Asia on April 18th. By 2023, Mitsubishi Chemical plans to...
The Shanghai Municipal Administration for Market Regulation (Shanghai AMR) warned 12 Chinese e-commerce platforms, including Meituan [3690:HK] and Alibaba's [BABA:US] Ele.me, against pricing irregularities in agricultural products amid Shanghai’s Covid-19 lockdown, as reported by The Paper on April 18. The regulator summoned these e-commerce platforms...
South Korean carmaker Kia [000270:KS] and e-commerce platform Coupang [CPNG:US] have agreed to collaborate on building all-electric cargo trucks, as reported by the Korea Herald on April 15. By 2025, the two companies plan to release mid-sized and large electric cargo vehicles with improved storage,...
Japan’s Yamaha Motor [7272:JP] is planning to launch synthetic-fuel motorcycles in India and Indonesia as part of its attempt to achieve carbon neutrality, as reported by Nikkei Asia on April 11. The synthetic fuel in question will be made from bioethanol and other raw materials....
Hyundai Motor [005380:KS] has released a new platform for electric vehicle (EV) charging service to strengthen its presence in the South Korean EV market, as reported by the Korea Economic Daily on April 4. The platform, called E-pit, updates services for both Hyundai’s EV customers...
Hong Kong's financial secretary Paul Chan Mo-Po stated that the city will shortly restart the issuing of retail green bonds, as reported by Reuters on April 10. The retail green bond offering is worth HKD15bn (USD1.9bn) and can be subscribed for up to HKD20bn (USD2.55bn)....
Japan's Mitsubishi Heavy Industries [7011:JP] is in talks with US utility firm Bakken Energy on clean hydrogen projects with an annual capacity of over 300,000 tons, as reported by Nikkei Asia on April 5. Mitsubishi Heavy Industries is planning to invest in and participate in...
India’s refiners, Indian Oil Corp [IOCL:IN], Larsen＆Toubro [LT:IN] and renewable energy company ReNew Power will form a joint venture (JV) to launch green hydrogen projects, according to Reuters on April 4. The JV will start with projects at Indian Oil Corp's Mathura and Panipat refineries...
Vietnam is investigating the maximum amount of greenhouse gas emissions for manufacturers under its cap-and-trade scheme, as reported by Nikkei Asia on April 6. The country is bearing an increasing carbon emission burden as many multinational groups such as Panasonic [6752:JP] and Nestle [NESN:SW] relocate...
South Korea's Carbon Neutrality and Green Growth Act for Climate Change entered into force on March 25, as reported by Sina News on March 28. The law states that the goal is to achieve carbon neutrality by 2050 and a 40% reduction in greenhouse gas...
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