2022-06-16

Green finance has gained strong momentum in recent years, with cumulative green bond issuance snowballing to USD1.83tr as of June 2022, and ESG- and sustainability-themed financing increasingly available. Yet, a successful and effective economic transition from business-as-usual to sustainable requires investments in undertakings such as...

Shanghai issued a four-year action plan (2022-2025) to conduct carbon-reduction and energy-conservation reform in the city’s industrial and communication sectors, aiming for an average 1% reduction in power use every year during the period, as reported by Securities Times on June 13. According to the...

South Korea’s major shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) [042660:KS] formed collaborations with ship classification organizations American Bureau of Shipping (ABS) and Greek liquified natural gas (LNG) carrier manufacturer Gaslog [GLOP:US] to jointly develop onboard carbon capture and storage (OCCS) technology, as reported by...

South Korea's antitrust authority, the Fair Trade Commission (FTC), has fined six logistics firms including CJ Logistics [000120:KS], Dongbang Transport Logistics [004140:KS], and others a total of KRW6.5bn (USD5.06m) for price rigging, as reported by the Korea Herald on June 14. Between 2016 and 2018, the...

CPC Corp [1328:TT], Taiwan's government-owned oil and gas company, has received the island’s first emissions-offset crude oil cargo, as reported by Reuters on June 12. The 1.05m-barrel Azeri Light crude oil shipment was supplied by SOCAR Trading, the trading arm of Azerbaijan's state oil firm...

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