China’s Xinjiang-based dairy producer Maiquer Group [002719:CH] has been fined RMB73.2m (USD10.7m) by local market supervision bureaus for adding propylene glycol, a mildly toxic additive, to its pure milk, as reported by Caixin Global on August 23. Previously, on June 30, a county market regulator...
China issued USD57.8bn worth of bonds to fund climate change solutions in the first half of 2022, roughly doubling from the same period last year, as reported by Nikkei Asia on August 19. Data was published by the US-based Intercontinental Exchange (ICE) [ICE:US]. Green bond...
The southern Chinese province of Guangdong will establish a recycling network for electric motorbikes (e-bikes) and their batteries to prevent battery-linked fires, as reported by Caixin on August 21. Non-profit social group Guangdong Electric Vehicle Association (GDEVA) will invite professional recycling enterprises and e-bike retailers...
Australia has issued AUD4.6bn (USD3.2bn) worth of green bonds so far this year, on pace to exceed last year’s AUD6bn (USD4.1bn) total issuance, as reported by Bloomberg on August 20. According to Susan Barron, global head of sustainable capital markets at Barclays [BCS:US], Australia’s sustainable...
The Steel Industry Low-Carbon Promotion Committee, led by the state-affiliated China Iron and Steel Association (CISA), published a roadmap for realizing net-zero carbon emissions for the country’s steel sector, as reported by Caixin on August 19. The roadmap proposed a dual-carbon technology pathway for the...
Global Energy Company Shell [SHEL:US] is investigating more wind power investment opportunities in Australia to diversify its energy portfolio in the country, as reported by Bloomberg on August 22. Since last year, Shell has been increasing its presence in the Australian wind power market. The...
Hyundai Motor [005380:KS] and LG Energy Solution [3373220:KS] have secured a USD710m loan from five financial institutions at favorable interest rates to fund the building of their joint battery cell plant in Indonesia, as reported by the Korea Economic Daily on August 22. The ten-year financing...
China’s State Council decided to extend the purchase tax exemption for new energy vehicles (NEV) until the end of 2023 to boost the NEV industry, as reported by Reuters on August 19. The extension is expected to result in RMB100bn (USD14.67bn) in tax relief. On...
Japan’s largest power generation firm JERA [9502:JP] has paid JPY15bn (USD112m) for a 35.1% stake in Gia Lai Electricity JSC (GEC), a renewable energy unit under Vietnam’s conglomerate Than Thanh Cong Group (TTC), to expand its overseas decarbonization business, as reported by Reuters on August...
Samsung Electronics [005930:KS], the world's top smartphone and chip maker, will soon join the RE100 Initiative, a global eco-friendly organization whose members commit to shifting to 100% renewable energy by as early as 2025, as reported by the Korea Economic Daily on August 14. According...
The Cyberspace Administration of China (CAC) has released a list comprising 30 algorithms used in some of the country’s most popular apps, such as Tencent’s [0700:HK] WeChat, Alibaba’s [BABA:US] Taobao, and ByteDance’s Douyin, as reported by South China Morning Post on August 13. The unprecedented...
Malaysia's stock exchange, Bursa Malaysia, will launch a Voluntary Carbon Market (VCM) by the end of 2022, allowing corporations to purchase carbon credits to offset their emissions, as reported by Reuters on August 15. Buyers and sellers in the VCM can trade carbon credits at...
Chinese battery maker CATL [300750:CH] will spend up to EUR7.3bn (USD7.6bn) to launch a 100-gigawatt-hour (GWh) power battery factory in Hungary, as reported by Reuters on August 12. The project's construction is scheduled to take no more than 64 months, with the first plant set to...
SK Group [034730:KS] will invest USD250m in TerraPower, a US small modular reactor (SMR) startup founded by Bill Gates, as reported by The Korea Herald on August 15. SMRs are nuclear reactors that are significantly smaller than conventional reactors, enabling users to deploy nuclear power where...
Hong Kong's Financial Reporting Council (FRC) has begun an inquiry into the accounts and audits of China Evergrande Group [3333:HK] and Evergrande Property Services Group [6666:HK], as reported by Bloomberg on August 15. The FRC has initiated an investigation into Evergrande's financial statements for 2020...
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