South Korean electric vehicle (EV) battery maker LG Energy Solution (LGES) set its IPO price at KRW257,000 (USD218.2) to KRW300,000 (USD254.7) per share, aiming to raise KRW10.9tr (USD9.2bn) to KRW12.8tr (USD10.8bn) in January, as reported by the Korea Economic Daily on December 7. On the...
Indian engineering conglomerate Larsen & Toubro [LT:IN] announced a partnership with Goldman Sachs-backed [GS:US] ReNew Power [RNW:US], India’s largest renewable energy producer by installed capacity, as reported by Reuters on December 2. Under the partnership agreement, the two sides will jointly develop, own, execute, and...
India will have nine nuclear power plants in operation by 2024, compared with seven operational ones in 2021, as reported by Economic Times on December 2 citing Minister of State for Personnel, Public Grievances and Pensions, Jitendra Singh. Moreover, India has approved 12 new nuclear...
Hong Kong Exchanges and Clearing Limited (HKEX) [0388:HK] announced the release of the Net-Zero Guide for Business along with a new service to display ESG metrics for HKEX-listed companies, according to the group’s news release on December 2. The two initiatives aim to promote green...
The IFRS Foundation, which is a not-for-profit and public interest organization well-known for its International Financial Reporting Standards (IFRS), announced three significant developments regarding sustainability-related reporting on November 3 at the COP26. Set up a new International Sustainability Standards Board (ISSB).Consolidate with the Value Reporting Foundation...
Indonesia, the world’s top exporter of thermal coal, recorded about 1m tons of taxable carbon emissions during a trial of carbon trading mechanism covering 32 coal power plants, as reported by Reuters on November 29. The experiment was intended to determine the emission cap for...
Macquarie Group's [MQG:AU] green investment unit has formed a collaboration with France’s Engie SA [ENGIE:FP] and the US energy storage firm Fluence Energy [FLNC:US] to construct an energy storage project in Victoria State, Australia, as reported by Reuters on December 1. Macquarie’s subsidiary and Engie...
China’s State Council has amended its tobacco monopoly law to include e-cigarettes on November 26, eight months after it released a draft guideline to bring vaping under the legislation supervision, as reported by Reuters on the same day. The law revision clarified the legal status...
Thailand’s Finance Ministry might consider reducing the tariffs on electric vehicles (EVs) as part of the national EV promotion scheme, as reported by Bangkok Post on November 29 citing an unnamed ministry source. In Thailand, the electric cars imported from China enjoy zero import duty...
Japanese city gas distributor Tokyo Gas [9531:JP] announced on November 26 that it will spend JPY2tr (USD17.5bn) on clean fuels, such as hydrogen and other renewable energy sources, as reported by Reuters on the same day. With the huge funding, the Japanese company has raised...
The Bank of Japan (BOJ) [8301:JP] announced on November 26 that 43 financial institutions are qualified to receive loans under a new scheme targeting activities aimed at combating climate change, as reported by Reuters on the same day. BOJ rolled out this program in July...
The South Korean government is planning to build two solar photovoltaic power plants in Chile, as reported by the Korea Economic Daily on November 29. South Korean companies including Dohwa Engineering, Hanwha Q CELLS [HQCL:US], and OCI Power will jointly work on the project which...
South Korea’s Hyundai Engineering & Construction [000720:KS], a construction subsidiary of Hyundai Motor Group, signed an agreement with Holtec International, a leading US company in the nuclear reactor industry, as reported by Korea Economic Daily on November 25. The two sides are set to jointly...
The Australian Parliament on November 25 passed the Offshore Electricity Infrastructure Bill 2021, which sets a framework for developing offshore wind farms and transmission lines, as reported by Reuters on the same day. The legislation will unlock the development of a new industry that provides...
China, the world’s biggest emitter of human-caused methane, is drafting a national action plan for methane emission control during its 14th Five-Year Plan (2021-2025) period, as reported by Reuters on November 25 citing the Ministry of Ecology and Environment (MEE). MEE’s deputy director for climate...
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