Australia’s Victoria state announced a AUD157m (USD102m) package to ramp up battery energy storage, as reported by Reuters on September 27. Specifically, the state government will use the USD102m investment to build a 125 megawatt (MW) big battery and four projects using new technology to...
Singapore’s Changi Airport may adopt cleaner vehicles, improve cooling systems, and install solar panels on untapped open spaces within the airport to reduce the carbon footprint of the aviation industry, as reported by Strait Times on September 23. A report with suggestions on how to...
Chinese regulators designated 18 credit rating and accounting agencies as the country’s first officially approved green bond certification authorities to regulate the fast-growing market, as reported by Caixin on September 22. The Green Bond Standards Committee (GBSC), affiliated with China’s National Association of Financial Market...
Hon Hai Precision Industry [2317:TT], commonly known as Foxconn, will establish a joint venture (JV) in Indonesia with local energy company Indika Energy [INDY:IJ] to build electric vehicles (EVs) and batteries, as reported by Nikkei Asia on September 23. Foxconn would invest USD1.75m in the JV...
South Korean steelmaker POSCO Holdings [005490:KS] will invest KRW20tr (USD14.1bn) to reduce carbon emissions from its operations, as reported by Nikkei Asia on September 23. To replace polluting old blast furnaces, the company will construct two electric furnaces, one at its Gwangyang factory and the...
Chinese electric vehicle (EV) manufacturer Zhejiang Leapmotor Technology (Leapmotor) will price its Hong Kong initial public offering (IPO) at HKD48 (USD6.12) per share with a goal of raising USD800m, as reported by Reuters on September 25. Leapmotor said last week that it planned to sell...
Environmental, social, and governance have now become widely practiced by the top investment firms worldwide, influencing billions of dollars in investment decisions and pushing companies to meet investors’ demand for more sustainable and equitable practices. However, the private equity market still sees relatively little action...
Australian iron ore company Fortescue Metals [FMG:AU] announced a plan to invest about USD6.2bn over the next decade to decarbonize its iron ore operations and eliminate the use of fossil fuels from its business by 2030, as reported by Bloomberg on September 20. Fortescue Metals...
Indonesia seeks to keep coal-fired power plants running for another ten years and then completely move away from fossil fuels within the next 20 years, as reported by Bloomberg on September 16. According to Indonesia’s State-owned Enterprises Minister, Erick Thohir, Indonesia will need USD600bn to...
Singapore’s National Environment Agency (NEA) announced the new beverage container return scheme that will apply a deposit of SGG0.1 to 0.2 (USD0.07 to 0.14) to all metal and plastic beverage containers for all pre-packed beverages, as reported by Strait Times on September 20. The small...
Thailand’s largest cement maker Siam Cement Group (SCG) [SCC:TB] plans to introduce a new product that reduces carbon dioxide emissions during production by half compared to conventional cement, as reported by Nikkei Asia on September 17. This is part of SCG’s plan to achieve a...
Japan’s Mitsubishi Heavy Industries [7011:JP] plans to roll out a set of compact carbon capture units next year, targeting small businesses that seek carbon reduction but cannot afford large carbon capture units, as reported by Nikkei Asia on September 18. Due to the expensive costs...
Indonesia's parliament has enacted a personal data protection bill after discussions for more than a year, as reported by Reuters on September 20. Under the new law, data handlers who leak or misuse private information might face up to five years in prison. In addition,...
LG Electronics [066570:KS] has inked a memorandum of understanding (MoU) with GS EPS, a power production firm of the South Korean GS Group [078930:KS], to procure renewable energy for its facilities, as reported by the Korea Economic Daily on September 19. According to the MoU,...
China’s Ministry of Industry and Information Technology (MIIT) will expedite the formulation of management guidelines for recycling new energy vehicle (NEV) batteries, as reported by China Daily on September 19. According to MIIT official Huang Libin, the ministry will keep looking for technical advancements in...
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