Author: Tracy Liu

The European Commission is drafting laws to require companies selling goods in the EU market to conduct strict due diligence to ensure that their products have not led to deforestation and forest degradation anywhere in the world, as reported by Reuters on December 5. The...

Orsted [ORSTED:DC] and Skovgaard Energy, two Danish renewable energy companies, have signed a letter of intent to jointly develop a Power-to-X facility in western Denmark to produce green hydrogen, as reported by Reuters on December 6. The project will be built in several phases, starting...

The US Federal Reserve Board is inviting public comment on a proposed framework for large banking organizations to manage climate-related financial risks, as reported by Reuters on December 2. The proposed framework requires banking organizations with more than USD100bn in total assets to disclose climate-related...

LG Chem [051910:KS], one of the largest South Korean chemical companies, will supply a new environmentally friendly acrylonitrile butadiene styrene (ABS) product based on vegetable bio-materials to Mattel [MAT:US], a US toy manufacturing company, to develop eco-friendly products, as reported by the Korea Economic Daily...

The Biden-Harris Administration announced new initiatives to accelerate solar energy development on public lands in the western United States, as reported by Reuters on December 6. Secretary of the Interior Deb Haaland states that the Biden-Harris Administration plans to expand clean energy development and accelerate...

The UK government will establish an organization called Great British Nuclear (GBN) to build small modular reactors (SMR) and phase out traditional gas and oil power stations, as reported by Times on November 26. The GBN will develop a network for the SMRs currently being...

China’s state-owned power generation firm Shenzhen Energy Group [000027:CH] signed a long-term contract with BP Singapore [0177251D:SP], a subsidiary of the British oil and gas giant BP PLC [BP:LN], to buy liquefied natural gas (LNG) and secure supplied for local gas-fired power plants, as reported...

The Dutch Port of Rotterdam, the largest seaport in Europe, plans to construct the world’s first large-scale factory for Battolyser Systems to meet the country’s surging demand for hydrogen energy and electricity, as reported by Reuters on November 28. Battolyser Systems is a Dutch firm...

The European Commission is due to publish the newly revised EU Packaging and Packaging Waste Directive (PPWD) on November 30 to include mandatory recycled content targets for plastic drinks bottles and eco-design criteria, as reported by Reuters on November 28. The revised PPWD is part...

The French Ministry for the Economy and Finance plans to spend EUR8.4bn (USD8.67bn) to help local businesses pay soaring electricity and gas bills, as reported by Reuters on November 20. The country will reduce electricity tax and allow companies to use nuclear-generated electricity at affordable prices. In...

Malaysian state-owned oil and gas company Petroliam Nasional Berhad (Petronas) [PET:MK] signed a memorandum of understanding (MoU) with Dutch bulk liquids storage company Koninklijke Vopak NV (Vopak) [VPK:NA] to jointly explore the potential of developing a value chain for carbon capture and storage (CCS) in...

A European fund under Breakthrough Energy Ventures, founded by Microsoft [MSFT:US] co-founder Bill Gates to accelerate the development of innovative sustainable technology, is investing EUR12m (USD12.3m) in the I-ROX venture with I-Pulse, a US company that develops pulsed-power technology, as reported by Bloomberg on November...

The U.S. Environmental Protection Agency (EPA) announced a partnership with Petróleos Mexicanos (PEMEX), a Mexican state-owned oil and gas company, to reduce greenhouse gas emissions, particularly methane, as reported by Reuters on November 15. The EPA will support PEMEX to identify major sources of methane emissions...

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