Singapore’s Energy Market Authority (EMA) will enhance regulatory requirements on electricity retailers to build a stable electricity market resistant to the volatility of global energy markets, as reported by Strait Times on October 25. The move came after six retailers quit Singapore’s electricity market in...
Representatives from leading Japanese and Thai enterprises, including Toyota Motor [TM:US] and PTT [PTT:TB], discussed possible collaborations in decarbonization technologies such as hydrogen power and electric vehicles (EVs), as reported by Nikkei Asia on October 21. Around 15 companies participated in the inaugural Japan-Thailand Energy...
China and Saudi Arabia will strengthen energy cooperation to maintain international oil market stability, as reported by Reuters on October 21. On the same day, Saudi Arabian Energy Minister Abdulaziz bin Salman and Chinese National Energy Administration director Zhang Jianhua had a video conference. The...
Taiwanese electronics manufacturer Foxconn Technology [2354:TT] has unveiled two electric vehicle (EV) models, namely the Model B crossover SUV and Model V pickup truck, as reported by Nikkei Asia on October 18. Rather than selling vehicles under its own brand, Foxconn intends to assemble electric...
South Korean chemical business Lotte Chemical [011170:KS] is looking for further M&A deals to build a complete battery material value chain, as reported by the Korea Economic Daily on October 16. Concerning possible investment opportunities, the business has been in discussions with various battery materials...
POSCO Chemical [003670:KS] is aiming to reach a megadeal to supply cathode, a core material for electric vehicle (EV) batteries, to Ford Motor [F:US], as reported by the Korea Economic Daily on October 18. During a private meeting between Ford Motor Chief Executive Jim Parley...
Indonesia is setting a three-year deadline for all state-owned enterprises (SOEs) to use only electric vehicles (EVs), as reported by Bloomberg on October 17. SOEs may choose to rent EVs or borrow funds to purchase EVs to meet the requirement. The Indonesian government will also...
Bridgestone [5108:JP], the world’s largest tire maker, plans to finish developing new technology for recycling tires by 2030 to reduce the carbon footprint in the vehicle supply chain, as reported by Nikkei Asia on October 15. The Japanese company will extract rubber materials, namely isoprene...
Chinese leading electric vehicle (EV) and battery maker BYD [1211:HK] announced that it will release three EV models in the European market as part of its plan to become the global leader in EVs, as reported by Nikkei Asia on October 18. Specifically, the company...
Singapore and Australia signed a groundbreaking agreement to enhance cooperation in the green economy, including climate investment, financing, and technology, as reported by Strait Times on October 18. Under the Singapore-Australia Green Economy Agreement, collaborations between the two countries will start with 17 joint initiatives,...
South Korea will set a cap on temperature levels in public buildings this winter to curtail power consumption amid the intensifying global power crisis prompted by growing fuel costs, as reported by Bloomberg on October 18. According to the Ministry of Trade, Industry, and Energy...
Shell Energy Australia, a subsidiary of Shell [SHEL:US], and AMPYR Australia, an affiliate of global renewable energy developer AMPYR, inked an agreement to launch a 500-megawatt (MW) battery energy storage system (BESS) in Australia, as reported by Reuters on October 14. The project will be...
China's Ministry of Industry and Information Technology (MIIT) released a list of 38 apps that infringed users’ rights, as reported by Sohu on October 13. After the MIIT recently commissioned third-party testing organizations to conduct sampling tests on the infringement of users’ rights by mobile...
The transportation sector, one of the main contributors to global carbon emissions, produces a quarter of the global greenhouse gas (GHG) emissions. Due to the various sub-industries under this sector, the report will mainly focus on the lifecycle of light-duty vehicles and explore low-carbon transition...
The G20’s Financial Stability Board (FSB) has called on climate standard setters to speed up work so as to avoid differences between their finalized climate disclosure rules for companies, which could cause the fragmentation of markets, as reported by Reuters on October 11. According to...
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