Indonesia has authorized the initial development plan for the Tuna offshore gas field with a total anticipated investment of USD3.07bn, as reported by Reuters on January 2. The Tuna field, which is situated in the South China Sea between Indonesia and Vietnam, is anticipated to...
The UK government is currently accepting applications for its GBP75m (USD90.5m) new Nuclear Fuel Fund, as reported by Reuters on January 2. The Nuclear Fuel Fund is intended to increase local nuclear fuel production for power plants and reduce dependency on Russian uranium supplies. Currently,...
The Australian federal and New South Wales (NSW) state governments will invest a total of USD5.2bn in the development of new electricity transmission infrastructure to increase the use of renewable power, as reported by Yahoo on December 21. Of the USD5.2bn investment, USD3.1bn will be...
US industrial conglomerate 3M [MMM:US] announced that it will stop the manufacturing and use of perfluoroalkyl and polyfluoroalkyl substances (PFAS), widely known as “forever chemicals”, across its product portfolio by the end of 2025, as reported by Reuters on December 20. 3M declared that the...
UK airline Virgin Atlantic announced that it will fly the world’s first net-zero transatlantic flight from London Heathrow airport to New York’s John F Kennedy airport using 100% sustainable aviation fuel (SAF) in 2023, as reported by ESG Today on December 19. Virgin Atlantic has...
Delegates from nearly 200 countries signed an agreement to halt and reverse nature loss at the UN Biodiversity Conference COP15 co-hosted by China and Canada, as reported by South China Morning Post on December 19. Countries also agreed to adopt a global biodiversity framework, the...
European Union negotiators agreed on a deal to overhaul the bloc’s carbon market by cutting emissions faster and imposing new carbon costs on fuels used in road transport and buildings from 2027, as reported by Reuters on December 18. Under the new deal, sectors covered...
Australia established its first offshore wind farm zone off the southern coast of the country, where several long-awaited large-scale wind power plants will be constructed, as reported by Reuters on December 19. A USD6bn project, known as Star of the South, will be established at...
Siam Cement Group (SCG) [SCC:TB], Thailand’s largest building material firm, announced a plan to invest THB100bn (USD2.89bn) over the next five years in areas such as renewable energy, while continuing efforts to decarbonize its main building materials and chemicals businesses, as reported by Nikkei Asia...
The leaders of the Republic of Azerbaijan, Georgia, Hungary, and Romania signed an agreement on December 17 to build an electric submarine cable under the Black Sea to deliver green Azeri energy from the Caspian area to Europe, as reported by Reuters on the same...
The United Kingdom Department for Environment, Food and Rural Affairs announced a series of new legally binding environmental targets to protect the ecosystem, protect air quality, clean up rivers, and reduce pollution and waste, as reported by Reuters on December 16. The UK government announced 13...
LG Chem [051910:KS], one of the largest South Korean chemical companies, has signed a contract with GS EPS [LGEZ:KS], a power plant constructor and operator of the South Korean GS Group [078930:KS], to jointly build a biomass power plant worth KRW320bn (USD248m), as reported by...
Spanish multinational electric utility company Iberdrola [IBE:SM] released its new Biodiversity Plan 2030, in which it pledged to achieve a net positive impact on biodiversity by 2030, as reported by ESG Today on December 12. Under the plan, the company will set up an accounting...
The Australian government released a consultation paper on the development of a climate risk disclosure framework for businesses and financial institutions, with plans to make the reporting rules mandatory for large entities, as reported by ESG Today on December 12. The consultation paper covers the...
JetBlue [JBLU:US], a US budget airline, has decided to end its carbon offset program for domestic flights and instead turn to sustainable aviation fuels (SAF), in an effort to halve its per-seat emissions by 2035 from 2019 levels, as reported by The Verge on December 10. In 2020,...
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