The French Ministry for the Economy and Finance plans to spend EUR8.4bn (USD8.67bn) to help local businesses pay soaring electricity and gas bills, as reported by Reuters on November 20. The country will reduce electricity tax and allow companies to use nuclear-generated electricity at affordable prices. In...
Malaysian state-owned oil and gas company Petroliam Nasional Berhad (Petronas) [PET:MK] signed a memorandum of understanding (MoU) with Dutch bulk liquids storage company Koninklijke Vopak NV (Vopak) [VPK:NA] to jointly explore the potential of developing a value chain for carbon capture and storage (CCS) in...
Japanese power generation service provider JERA signed a memorandum of understanding (MoU) with two Japanese shipping companies, Nippon Yusen KK (NYK) [9101:JP] and Mitsui OSK Lines (MOL) [9104:JP], to assess the feasibility of large-volume ammonia fuel transportation, as reported by Nikkei Asia on November 22....
Doosan Fuel Cell Co Ltd [336260:KS], a green fuel cell developer subsidiary of Korean conglomerate Doosan Group [DDSGRZ:KS], signed a contract worth KRW346.9bn (USD255m) with China’s ZKRG Smart Energy Technology to set up a hydrogen fuel cell joint venture and supply hydrogen energy cells to China, as...
A European fund under Breakthrough Energy Ventures, founded by Microsoft [MSFT:US] co-founder Bill Gates to accelerate the development of innovative sustainable technology, is investing EUR12m (USD12.3m) in the I-ROX venture with I-Pulse, a US company that develops pulsed-power technology, as reported by Bloomberg on November...
Carbon offsets are essentially investments in greenhouse gas-reducing projects. When individuals and organizations purchase carbon offsets, funds in these transactions are funneled towards environmental and social projects with decarbonization benefits, such as the conservation of natural habitats, reforestation, and clean cooking fuels for rural communities....
The three European Supervisory Authorities (ESAs), namely the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA), published a Call for Evidence on greenwashing to better understand the conduct, as reported by Reuters on November 15....
The U.S. Environmental Protection Agency (EPA) announced a partnership with Petróleos Mexicanos (PEMEX), a Mexican state-owned oil and gas company, to reduce greenhouse gas emissions, particularly methane, as reported by Reuters on November 15. The EPA will support PEMEX to identify major sources of methane emissions...
Australia’s consumer watchdog, the Australian Competition & Consumer Commission (ACCC), fined three Australian broadband internet providers AUD33.5m (USD22m) in total for failing to deliver the purchased internet speeds for some of their clients, as reported by Reuters on November 11. The three companies are Telstra Group...
US energy company ExxonMobil [XOM:US] and Indonesian state-owned oil and gas company Pertamina [PERT:IJ] signed a Heads of Agreement (HoA) to advance carbon capture and storage (CCS) project in Indonesia, as reported by Reuters on November 14. The implementation of CCS technology could help Indonesia...
The world's three largest rainforest countries: Brazil, Indonesia, and the Democratic Republic of Congo (DRC), have formed a partnership to cooperate on forest conservation after a decade of on-off talks on a trilateral alliance, as reported by Reuters on November 14. Representatives of the three...
South Africa plans to produce 12m tons of green hydrogen annually by 2050, with over half to be exported to neighboring countries for decarbonization, as reported by Bloomberg on November 15. Masopha Moshoeshoe, a green economy specialist in the South African Presidency’s investment and infrastructure...
The Asian Development Bank (ADB) [ATB:AU] and Vietnam Prosperity Joint Stock Commercial Bank (VPB) signed a loan package of up to USD500m to expand access to finance for women-owned small and medium-sized enterprises (WSMEs) and social loan projects in Vietnam, as reported by Deal Street Asia on...
The Indonesia Investment Authority (INA), the country's sovereign wealth fund, will set up a green electric vehicle (EV) fund worth USD2bn with Chinese battery giant Contemporary Amperex Technology (CATL) [300750:CH] and CMB International, an investment arm of China Merchants Bank (CMB) [3968:HK], as reported by...
The US Environmental Protection Agency (EPA) proposed a new rule that mandates regular inspections at all oil drilling sites to monitor their methane emissions, including those that emit less than three tons of methane a year, as reported by Bloomberg on November 11. In 2021,...
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