Singapore’s mobility and delivery service platform Grab kicked off a trial service that focuses on clean energy vehicles in central Singapore on July 14, as reported by Nikkei Asia on July 19. Titled JustGrab Green, the trial would enable commuters to book electric or hybrid...
The Green and Sustainable Finance Cross-Agency Steering Group, co-led by the Hong Kong Securities and Futures Commission (HKSFC) and HKEX [0388:HK], announced that the two bureaus have set up a Carbon Market WorkStream (CMWS) to assess the feasibility of building the city into a regional...
China’s national carbon emissions trading system (ETS), currently the largest carbon market in the world, officially began online trading at the Shanghai Environment and Energy Exchange (SEEE) on the morning of July 16, as reported by Sina on July 17. On its first day of...
Hume Coal, a subsidiary of South Korean steel manufacturer POSCO’s [005490:KS] Australia affiliate, is awaiting the final words of the New South Wales (NSW) Independent Planning Commission (IPC) on the establishment of its controversial Hume Coal Project, as reported by ABC News on July 14....
South Korea recently renewed its New Deal initiative to incorporate more investment in digital technology and green energy, as reported by The Korea Herald on July 14. During a televised address earlier that day, President Moon Jae-in said that the government would expand its earlier...
As China aims to attain carbon neutrality by 2060, the energy sector faces increasing pressure for vast and deep decarbonization. Hydrogen emerges as a potential alternative energy source to accelerate this transition. According to a white paper on China’s hydrogen and fuel cell industry in...
South Korean battery producer Samsung SDI [006400:KS] is eyeing building a battery cell plant in the US amid the rising demand for electric vehicles (EVs), according to Reuters on July 8. Although company officials have not disclosed details of the investment, a company source told...
Bank of Singapore (BOS), the private banking arm of OCBC [OCBC:SP], unveiled a new investment financing assessment framework that lifted the loan quantum for mutual funds with high ESG ratings, as reported by The Business Times on July 13. The new framework increased the advance...
Budweiser Brewing Company APAC [1876:HK] signed a USD500m sustainability-linked loan (SLL), structured as a revolving credit facility (RCF), with a banking syndicate led by Bank of China [3988:HK] on July 12, as reported by South China Morning Post later that day. The RCF, under a...
G20 finance ministers signed an official communique on July 10 endorsing carbon pricing as an effective tool to mitigate the impacts of climate change, as reported by Reuters later that day. Following a meeting of the G20 Financial Ministers and Central Bank Governors (FMCBG) in...
Japanese environment and trade ministries published the target to achieve 108GW of solar power capacity by 2030, up-scaling its previous 64GW target by 1.7 times, as reported by PV Tech on July 7. Currently, Japan is on track to reach 88GW of solar capacity by...
Australian ESG investor Providence Asset Group (PAG) signed an initial 30-month power purchase agreement (PPA) with SmartestEnergy Australia, a subsidiary of Japanese conglomerate Marubeni Corporation [8002:JP], as reported by PV Tech on July 7. PAG will deliver renewable electricity from its over 30 community solar...
China Petroleum & Chemical Corp (Sinopec) [SNP:US] launched the construction of the country’s first carbon capture, utilization, and storage (CCUS) project above one-million-ton capacity, as reported by Sina on July 5. The project, named after two of Sinopec’s subsidiaries Qilu Petrochemical and Shengli Oilfield, will...
ESG investing is a new initiative with fast-growing awareness among Chinese companies. It impacts the entire investment value chain including asset owners, asset managers, as well as listed companies and their stakeholders. This initiative is yet to become a mainstream phenomenon in the Chinese...
Japanese car manufacturer Nissan [7201:JP] announced its plan to build a GBP1bn (approximately USD1.38bn) gigafactory in Sunderland, the UK, in collaboration with Chinese battery technology company Envision AESC, as reported by CNBC on July 1. This would be the first gigafactory in the UK, estimated...
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