China is promoting green buildings to peak carbon emissions from urban and rural construction by 2030, as reported by Caixin on July 14. According to an action plan issued by the Ministry of Housing and Urban-Rural Development (MHURD) and the National Development and Reform Commission...
On May 23, the Beijing Power Exchange Center published new rules for green power trading, in line with the National Development and Reform Commission (NDRC)’s policy on green electricity trading pilots in August 2021. As China is still exploring effective approaches to upgrade its energy...
South Korean automobile parts manufacturer Hyundai Mobis [012330:KS] stated that it will use renewable energy for 65% of its electricity by 2030 and all electricity by 2040 for its facilities around the world, as reported by the Korea Economic Daily on July 11. The company’s 100%...
Singapore state investor Temasek [TMSK:SP] will raise its internal carbon price from USD42 to USD50 per ton this year, with plans to lift the price to USD100 per ton by 2030, as reported by Strait Times on July 12. An internal carbon price provides a...
India is to finally submit official plans to reduce emissions to the United Nations (UN) in September, an obligation under the Paris Agreement that was supposed to be fulfilled before the UN Climate Change Conference (COP26) last November, as reported by Strait Times on July...
Korea Zinc [010130:KS], the world’s largest lead and zinc smelter, announced a deal to purchase a 73.21% stake in US electronic waste (e-waste) recycling firm Igneo Holdings with USD332m, as reported by the Korea Economic Daily on July 12. Igneo collects e-waste and extracts copper,...
Singapore launched a USD23.5m climate research program on July 12 to reveal the long-term impacts of climate change on Singapore and help guide policies to address these issues, as reported by Strait Times on the same day. The program focuses on five key priorities, including...
Quinbrook Infrastructure Partners, an investor in low carbon and renewable energy infrastructure, has received approval to build a renewable-powered data center project called SuperNode, as reported by Reuters on July 8. Located in Queensland, Australia, SuperNode will include four hyper-scale data centers and one of...
China’s State Administration for Market Regulation (SAMR) imposed fines of RMB500,000 (USD74,350) each on tech giants Alibaba [BABA:US] and Tencent [0700:HK] as well as a range of companies for breaching transaction disclosure rules in the Anti-Monopoly Law, as reported by Reuters on July 10. The...
China’s internet watchdog Cybersecurity Administration of China (CAC) issued new rules on cross-border data transfer, as reported by South China Morning Post on July 8. Under the new rules, which will take effect on September 1, important and massive data transfers from China to destinations...
Chinese battery maker Gotion High-tech [002074:CH] plans to increase the energy density of lithium iron phosphate (LFP) batteries to 300 Wh/kg by 2030, as reported by Nikkei Asia on July 11. The company is working to improve the performance of both the positive and negative...
Indian multinational car manufacturing business Mahindra & Mahindra (M&M) [MM:IN] is open to investing in a battery-cell company to safeguard its future battery supply, as reported by Reuters on July 11. Anish Shah, CEO of M&M, stated that the business may explore such an investment...
South Korea’s Ministry of Trade, Industry, and Energy (MOTIE) announced a plan to raise the share of nuclear power in the country’s energy mix to over 30% by 2030 from 27% in 2021, as reported by Bloomberg on July 5. Specifically, South Korea will build...
The Hong Kong Monetary Authority (HKMA) has announced plans to integrate climate risks into its supervisory processes, as reported by Responsible Investor on July 4. The HKMA will include climate risk management as a permanent item of prudential meetings with bank management over the next...
The World Bank has approved USD165m in additional financing to support India’s residential sector to deploy rooftop solar systems and make solar energy more affordable, as reported by PV Tech on July 4. The funding is expected to reduce 13.9m tons of greenhouse gas emissions...
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