Insights

05 Jan Japan Proposes Undersea Cables to Support Offshore Wind Power Development in Hokkaido

Posted at 16:30h in 2022-01-06, Quick Hits by Jordy Leo

Japan is looking to allocate JPY5bn (USD43.4m) from its fiscal year’s supplementary budget to a feasibility study of undersea cables to support Hokkaido’s offshore wind power development, as reported by Nikkei Asia on January 2. The proposal aims to transmit the abundant clean energy from...

05 Jan Reliance Acquires UK Battery Producer Faradion for Green Transition

Posted at 15:41h in 2022-01-06, Quick Hits by Jordy Leo

Reliance Industries [RIL:IN], the largest publicly traded company in India, has signed definitive agreements to acquire a 100% equity in UK sodium-ion battery technology firm Faradion for GBP100m (USD135m), as reported by Bloomberg on December 31. Moreover, Reliance will inject an additional GBP25m (USD33.75m) into...

05 Jan India’s ETO Motors to Launch 3000 EV Charging Stations in Delhi-NCR

Posted at 15:12h in 2022-01-06, Quick Hits by Lexy Li

India’s electric mobility solutions provider ETO Motors has reached an agreement with electricity distributors BSES Rajdhani Power, BSES Yamuna Power, and Tata Power [TPWR:IN] Delhi Distribution Limited (Tata Power-DDL) to install 3,000 electric vehicle (EV) charging stations in the Delhi National Capital Region (Delhi-NCR) over the...

05 Jan China Demands SOEs to Cut Energy Consumption and Carbon Emissions

Posted at 11:13h in 2022-01-06, Quick Hits by Jordy Leo

China’s state-owned enterprises (SOEs) must decrease their energy consumption and carbon dioxide emissions per unit of output value by 15% and 18% by 2025 from 2020 levels, respectively, as reported by Reuters on December 30. Additionally, for state-owned electricity generation firms, renewable energy is supposed...

04 Jan India’s Earth Energy Invests USD13.4m to Expand EV Output

Posted at 17:24h in 2022-01-06, Quick Hits by Jordy Leo

India’s Electric Vehicle (EV) start-up Earth Energy plans to spend USD13.4m over the next two years on production capacity expansion, as reported by Economic Times on December 30. According to Earth Energy CEO Rushii Senghani, the company will use the fund for boosting production and...

30 Dec Net-Zero for Chinese Tech: A Quick Look at Alibaba’s Carbon Neutrality Plan

Posted at 18:04h in 2021-12-31, Deep Dive by Haiyan Luo

Alibaba Group [BABA:US], a Chinese e-commerce giant and one of the largest tech companies in the world, pledged to achieve carbon neutrality in its operations and reduce emissions across its supply chains and transportation networks by 2030. The commitment comes from its 2021 Carbon Neutrality...

30 Dec SK Group to Reduce 1% of Global Carbon Emissions

Posted at 15:32h in 2021-12-31, Quick Hits by Lexy Li

Korean conglomerate SK Group [034730:KS] will announce its vision to reduce 1% of global carbon emissions at the Consumer Electronics Show 2022 (CES 2022), as reported by the Korea Herald on December 29. According to Andrew Kwon, Vice President and Head of Strategy at SK...

30 Dec China to Include More Industries in Its Emissions Trading Scheme

Posted at 14:37h in 2021-12-31, Quick Hits by Jordy Leo

China plans to include financial institutions, non-ferrous metals, and building materials in its national emissions trading scheme (ETS), as reported by Reuters on December 29. Specifically, the non-ferrous metal and building materials sectors are expected to join the ETS market as early as 2022. Other...

30 Dec India Asks Automakers to Manufacture Flex-Fuel Vehicles to Cut Emissions

Posted at 13:44h in 2021-12-31, Quick Hits by Jordy Leo

The Indian government has advised automakers to produce flex-fuel vehicles (FFV) aligned with BS-VI emission norms within six months, as reported by Economic Times on December 27. FFV, or dual-fuel vehicle, is equipped with an internal combustion engine that consumes more than one type of...

30 Dec India’s Bajaj Auto to Invest INR3bn in Building EV Plant

Posted at 10:49h in 2021-12-31, Quick Hits by Lexy Li

Indian two-wheeler and tricycle manufacturer Bajaj Auto [BJAUT:IN] will invest INR3bn (USD40m) to develop an electric vehicle (EV) facility in the village of Akurdi that will produce 500,000 vehicles per year, as reported by Economic Times on December 29. Bajaj Auto's suppliers will contribute an...

29 Dec China to Allow Full Foreign Ownership of Passenger Car Manufacturing

Posted at 16:44h in 2021-12-31, Quick Hits by Jordy Leo

China will remove restrictions on overseas investment in domestic passenger car manufacturing from January 1, 2022, as reported by CNBC on December 27. The announcement came as a document regularly released by China’s NDRC and the Ministry of Commerce (MOFCOM) to list sectors restricted from...

29 Dec Cuba Signs BRI Construction Cooperation Plan with China

Posted at 16:05h in 2021-12-31, Quick Hits by Jordy Leo

China and Cuba have signed a cooperation agreement to push forward construction projects in Cuba under China’s Belt and Road Initiative (BRI), as reported by Global Times on December 26. The collaboration came after Cuba joined the Belt and Road Energy Partnership (BREP), an alliance...

29 Dec Hong Kong’s CLP Power to Spend HKD32m on Saving Energy for Enterprises

Posted at 15:04h in 2021-12-31, Quick Hits by Jordy Leo

CLP Power [0002:HK], one of Hong Kong’s two major energy producers, will spend HKD32m (USD4.1m) in 2022 to help local enterprises improve power efficiency with facility upgrade and training, as reported by SCMP on December 28. In addition, CLP will also provide HKD100m (USD12.82m) of...

28 Dec China Collaborates with Japan to Develop Renewable Alternatives for Natural Gas

Posted at 16:05h in 2021-12-31, Quick Hits by Lexy Li

China’s NDRC and Japan’s Ministry of Economy, Trade and Industry (METI) will collaborate on producing synthetic methane, a renewable alternative to natural gas, from recycled hydrogen and carbon dioxide (CO2), as reported by Nikkei Asia on December 26. The facility will be built in China’s...