Indonesia, the world’s largest thermal coal exporter, vowed to subsidize the development of renewable energy and open the nation's first nuclear power plant by 2045 in a draft bill proposed on June 8, as reported by Strait Times on the same day. According to the...
The Glasgow Financial Alliance for Net Zero (GFANZ), a coalition of global leading financial institutions, launched an Asia-Pacific (APAC) network and office in Singapore on June 8, as reported by Nikkei Asia on the same day. This marks the first-ever regional office of GFANZ. The...
Kubota [6326:JP], Japan’s biggest maker of farm machinery, aims to debut the world's first hydrogen-powered fuel cell tractor as early as 2025, as reported by Nikkei Asia on June 2. The company plans to release a prototype of the fuel cell tractor in 2023, eyeing...
Hyundai Heavy Industries Group, the world’s largest shipbuilder by sales, will team up with Hyundai Glovis, the logistics unit of Hyundai Motor Group [005380:KS], to develop the world’s largest liquefied carbon dioxide (LCO₂) carrier, as reported by Korea Economic Daily on June 7. Specifically, Hyundai...
Seven multinational pharmaceutical companies, including Japan's Takeda Pharmaceutical [4502:JP], America's Pfizer [PFE:US], and British-Swedish multinational AstraZeneca [AZN:LN], have reached an agreement to collaborate in evaluating the greenhouse gas emissions of their suppliers, as reported by Nikkei Asia on June 7. As pharmaceutical firms commonly share...
LG Innotek [011070:KS] has established an agreement with the Korea Commission for Corporate Partnership to assist the firms' partners with their environmental, social, and corporate governance (ESG) performance, as reported by The Korea Herald on June 7. The South Korean electronic component manufacturer and the...
Singaporean investment company Temasek Holdings [TMSK:SP] will allocate SGD5bn (USD3.64bn) to set up a green investment company called GenZero, as reported by Nikkei Asia on June 7. GenZero will help accelerate the growth of Temasek’s energy-saving and emission-reduction businesses by investing in carbon-reducing technologies as...
Japan’s Toyo Engineering [6330:JP] will team up with Indonesia’s government enterprise Pupuk Indonesia Holding Company (PIHC) to launch a feasibility study for producing green ammonia in Indonesia, as reported by Nikkei Asia on June 3. The feasibility study will be conducted at the fertilizer plants...
Korea Electric Power [015760:KS], Samsung C&T [028260:KS], and Korea Western Power have inked an agreement to construct a USD1bn green hydrogen and ammonia production plant in the United Arab Emirates (UAE), as reported by Reuters on June 3. The three companies will join hands with...
China Banking and Insurance Regulatory Commission (CBIRC) recently Releases the Green Finance Guidelines for Banking and Insurance Sectors (hereinafter referred to as the Guidelines), which requires banking and insurance institutions to develop green finance, to better assist in pollution prevention and control, and to promote...
China’s Ministry of Finance (MoF) issued guidelines on May 30 calling for fiscal measures to support the China’s carbon emission peaking and carbon neutrality, as reported by Caixin on the same day. The document outlined multiple policy initiatives, including strengthening the guiding role of fiscal...
Japan's Nidec [6594:JP] intends to invest JPY10bn (USD78m) to expand its electric vehicle (EV) business in India, as reported by Nikkei Asia on May 31. The investment will be dedicated to launching a new building at Nidec’s factory in western Rajasthan in India, increasing the...
Toyota Tsusho [8015:JP], the trading arm of Toyota Group [7203:JP], will pay JPY185bn (USD1.43bn) to purchase the remaining 40% equity in Japanese renewable company Eurus Energy from Tokyo Electric Power [9501:JP], as reported by Bloomberg on May 26. Eurus Energy develops renewable power projects worldwide...
Beijing police are investigating three COVID-19 mass testing laboratories under the accusation of fraud testing which led to inaccurate results, as reported by South China Morning Post on May 30. The police have detained eight employees from Beijing Zhongtong Lanbo Medical Testing Laboratory, a lab...
The South Australia government is planning new legislation to accelerate local hydrogen development, as reported by Reuters on May 31. The new law aims to license and regulate hydrogen production in the state and will apply to all forms of hydrogen, including green hydrogen produced...
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