Japan and Indonesia will jointly develop decarbonization technologies, including hydrogen, ammonia, as well as carbon capture, utilization, and storage (CCUS), under a new memorandum of cooperation (MOC) between the two countries, as reported by Reuters on January 10. Indonesian Energy Minister, Arifin Tasrif, stated that...
Volkswagen AG [VOW:GR] plans to double the sales of its ID series electric vehicles (EVs) in China in 2022, despite the global chip shortage, as reported by the Economic Times on January 11. The ID series plays a key role in Volkswagen’s EV ambition in...
The Indonesian government has taken back 2,078 mining licenses from miners that failed to fulfill its supply obligations to domestic customers, as reported by Nikkei Asia on January 7. Under Indonesia’s Domestic Market Obligation (DMO) policy, coal miners must supply 25% of their annual output...
Temasek Foundation, a non-profit organization under the Singaporean state-owned investment company Temasek Holdings [TMSK:SP], pledged to distribute one free reusable mask to each Singapore resident from January 10, as reported by Straits Times on January 6. ST Engineering [STE:SP] designed the antimicrobial mask with a...
Hong Kong’s Insurance Authority (IA) has taken over the affairs and assets of Target Insurance [6161:HK] and launched a probe into the firm’s financial condition, as reported by SCMP on January 7. The IA was able to conduct the takeover by exercising its power conferred...
Adani Group [ADE:IN], an Indian multinational conglomerate of energy and port, committed to leveraging green bonds to build the world’s largest renewable energy firm, as reported by Nikkei Asia on January 7. The company has already raised USD750m through green bonds in September 2021. Adani’s...
Hyundai Motor [005380:KS] is planning to raise the share of eco-friendly models in total car sales in the US to up to 50% by 2030, as reported by the Korea Economic Daily on January 10. The company’s eco-friendly models include all-electric, plug-in hybrid, gasoline hybrid,...
The Australian Renewable Energy Agency (ARENA) will offer AUD40m (USD28.7m) in research and development (R&D) funding to encourage the development of ultra-low-cost solar, as reported by PV Tech on January 10. The funding will be split into two streams, the first of which supports R&D...
Ping An Insurance (Group) Company of China, Ltd. [2318:HK] has published its 2020 Climate Risk Management Report in December 2021. Compared to the Group’s first climate risk report, which was published two years ago, Ping An’s second Climate Risk Management Report discussed more deeply how...
Korea Zinc [010130:KS] has reached a USD50m investment deal with Energy Vault, a Swiss energy storage company, to decarbonize Korea Zinc’s Australian refinery, as reported by Reuters on January 5. Through the investment, the South Korean firm intends to apply Energy Vault's advanced energy storage...
Japan’s Daikin Industries [6367:JP], the world’s top air-conditioner developer, will start selling cold-storage containers that could save 20% fuel consumption by 20% through inverters technology, as reported by Nikkei Asia on January 5. Prices for the Daikin containers will be about 10% higher than competing...
Taiwan’s largest pension fund, the Bureau of Labor Funds (BLF), will launch a global climate change-related stock mandate program in 2022, as reported by Reuters on January 5. The mandate with a value of USD2.3bn will refer to Paris Aligned climate-aligned indexes for the benchmark...
South Korea’s largest automaker Hyundai Motor Group [005380:KS] revealed its new business focuses of electrification, self-driving technologies, robotics, and urban air mobility (UAM), as reported by Korea Economic Daily on January 3. The company aims to become a superior eco-friendly auto brand and will speed...
Chinese online platform operators with more than 1m users must apply for cybersecurity checks before they go public abroad, according to a new amendment published by 13 government ministries, as reported by Global Times on January 4. The Ministry of Industry and Information Technology (MIIT)...
Japan is looking to allocate JPY5bn (USD43.4m) from its fiscal year’s supplementary budget to a feasibility study of undersea cables to support Hokkaido’s offshore wind power development, as reported by Nikkei Asia on January 2. The proposal aims to transmit the abundant clean energy from...
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