The transportation sector, one of the main contributors to global carbon emissions, produces a quarter of the global greenhouse gas (GHG) emissions. Due to the various sub-industries under this sector, the report will mainly focus on the lifecycle of light-duty vehicles and explore low-carbon transition...
The G20’s Financial Stability Board (FSB) has called on climate standard setters to speed up work so as to avoid differences between their finalized climate disclosure rules for companies, which could cause the fragmentation of markets, as reported by Reuters on October 11. According to...
Some banks in India have proposed introducing loans towards electric vehicles (EVs) and green hydrogen projects to the priority sector lending (PSL) list, as reported by Economic Times on October 10. According to these banks, classifying such loans under the PSL scheme could fill financing...
China has required central enterprises to draw up their work plans for peaking carbon emissions, push forward industry upgrading, optimize energy structure, develop and promote green and low-carbon technologies, and reduce pollution and carbon emissions, as reported by Xinhua on October 8. The State-owned Assets...
Toyota Motor [7203:JP] has kicked off a pilot project for flex fuel-strong hybrid electric vehicle (FFV-SHEV) in Delhi, as reported by Reuters on October 11. The Toyota Corolla Altis FFV-SHEV, made by Toyota Kirloskar and using flex fuel technology, was also reveaEled at the event....
Singapore’s National Environment Agency (NEA), together with the Alliance to End Plastic Waste and a dozen other organizations, enacted the Technical Reference 109 Sustainable Packaging Guiding Framework and Practices, a set of guidelines to help enterprises adopt more sustainable packaging-related practices, as reported by Strait...
South Korea’s largest steelmaker POSCO Holdings [005490:KS] and GS Energy Corp, the energy unit of South Korean conglomerate GS Group [078930:KS], have inked an initial agreement to form a battery recycling joint venture (JV), as reported by the Korea Economic Daily on October 6. The...
Indonesia is considering the introduction of subsidy for electric vehicles (EVs) purchases next year, in a move to ramp up demand for EVs and reduce air pollution, as reported by Bloomberg on October 10. According to Transport Minister Budi Karya Sumadi, the government is deciding...
SK Innovation [096770:KS], SK Group's energy and chemical company, plans to build a KRW1.7tr (USD1.19bn) plastic recycling complex by the second half of 2025 in its Ulsan factory, as reported by the Korea Herald on October 11. The business plans to construct facilities that will...
Japanese trading house Sumitomo Corp [8053:JP] signed an agreement with Indonesian power company Kayan Hydro Energy (KHE) to participate in the development of a 9-gigawatt (GW) hydroelectric complex in Borneo, Indonesia, as reported by Nikkei Asia on October 7. KHE is affiliated with Chinese state-owned...
Chinese electric vehicle (EV) battery provider Gotion High-Tech [002074:CH] will spend USD2.36bn to develop a battery material production factory in Michigan to extend its footprint in North America, as reported by Caixin Glocal on October 7. According to a statement from the Michigan state government, the...
The Indian government has approved an additional INR195bn (USD2.4bn) funding for a new round of production-linked incentive (PLI) scheme to promote the production of high-efficiency solar photovoltaic (PV) modules, as reported by the Economic Times on September 22. Under the scheme, selected manufacturers will receive...
Japanese trading house Mitsubishi Corp [8058:JP] is mulling constructing one of the world's largest ammonia production facilities in Texas, as reported by Nikkei Asia on September 28. On the same day, the Japanese company signed a memorandum of understanding (MOU) with the Corpus Christi port...
Japan’s Suzuki Motor [7269:JP] is building rail terminals within two Indian assembly factories, aiming to reduce transportation costs and greenhouse gas emissions by replacing road freight with rail freight, as reported by Nikkei Asia on September 24. Automobile transportation by train from Suzuki's Gujarat plant...
The Asian Transition Finance (ATF) Study Group, a consortium of multiple private financial institutions, drew up guidelines for financing low-carbon technologies and energy transition projects in Asia to help tackle climate change, as reported by Reuters on September 26. The study group published two reports:...
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