SK Ecoplant, the green business unit of SK Group [210980:KS], has signed a memorandum of understanding (MOU) with China State Construction Engineering Corporation (CSCEC) [601668:CH], the world's largest construction contractor, to jointly develop overseas renewable energy resources, as reported by Korea Economic Daily on January...
The US Environmental Protection Agency (EPA) has announced that it is tightening standards for soot pollution for the first time in over a decade, as reported by Reuters on January 6. Soot, also known as particulate matter, is a type of air pollution made up...
Google [GOOG:US] has appealed an antitrust ruling made by India's competition watchdog, the Competition Commission of India (CCI), in the country's Supreme Court, as reported by Reuters on January 7. The CCI found in 2020 that Google had abused its dominant position in the market...
Germany's Federal Network Agency has identified 5,000 kilometers of power lines that the country requires to facilitate its shift to renewable energy sources by 2030, as reported by Reuters on January 9. The move is part of Germany's plan to phase out nuclear power and...
A six-month review of Australia’s controversial carbon credit system dismissed claims that the system lacks integrity and is unable to achieve real cuts in greenhouse gas (GHG) emissions, as reported by Reuters on January 9. The review panel, led by the country’s former chief scientist...
The Indian government will issue INR160bn (USD1.93bn) of green bonds aimed at funding domestic green infrastructure, as reported by Reuters on January 9. This is India’s first sovereign green bond, which will be sold at two auctions due on January 25 and February 9. At...
The UK is set to publish a review on its goal of achieving net-zero carbon emissions by 2050 in early 2023, as reported by Bloomberg on January 2. The review is expected to help decide how the country could realize maximum economic growth and investment...
The central bank of Taiwan announced on December 30 that it will incorporate climate change risks into its forecast models, analyze their impact on forecasts such as prices and GDP growth, and adapt monetary policies to promote sustainable development, as reported by Reuters on the...
The South Korea Fair Trade Commission (KFTC) will impose a fine of KRW2.85bn (USD2.2m) on Tesla [TSLA:US] for alleged violation of advertising laws, as reported by Reuters on January 3. According to a KFTC statement, Tesla had exaggerated the driving range, charging speed, and fuel...
The International Financial Reporting Standards (IFRS) Foundation trustees signed a Memorandum of Understanding (MoU) with the Ministry of Finance (MoF) of China to establish an IFRS Foundation office in Beijing, as reported by ESG Today on December 30. The office, set to open in mid-2023,...
Britain is considering joining the Amazon Fund, the biggest fund ever created for forest conservation, to support rainforest sustainability, as reported by Reuters on January 3. British environment minister Therese Coffey stated that the British government was already in talks with the fund's current partners,...
Mizuho Financial Group [8411:JP] has developed a framework to verify the credibility and transparency of clients’ transition strategies, with an aim to “more proactively supply the necessary financing for the clients’ business structure transformation”, as reported by ESG Today on January 3. The framework is...
The World Bank plans to change its lending models, increase its lending capacity, and introduce new lending tools to address global crises, especially climate change, as reported by Reuters on January 2. Specifically, the World Bank has sent a roadmap document to its shareholder governments...
Indonesia has authorized the initial development plan for the Tuna offshore gas field with a total anticipated investment of USD3.07bn, as reported by Reuters on January 2. The Tuna field, which is situated in the South China Sea between Indonesia and Vietnam, is anticipated to...
The UK government is currently accepting applications for its GBP75m (USD90.5m) new Nuclear Fuel Fund, as reported by Reuters on January 2. The Nuclear Fuel Fund is intended to increase local nuclear fuel production for power plants and reduce dependency on Russian uranium supplies. Currently,...
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