Singapore is considering setting a new deadline for reaching net-zero greenhouse gas emissions in 2050, revamping its previous target of achieving net-zero emissions by or around mid-century, as reported by Strait Times on September 6. Singapore’s National Climate Change Secretariat (NCCS) revealed that the country...
The Indian government has extended by two years a deadline for coal-based thermal power plants (TPPs) to install equipment to reduce sulfur emissions, marking the third time that India gives an extension to TPPs on sulfur emissions restrictions, as reported by Reuters on September 6....
Mizuho Financial Group (MHFG) [8411:JP], the controller of Japanese megabank Mizuho Bank, has issued a EUD800m (USD796.2m) green bond to finance environmental-friendly projects, as reported by ESG Today on September 5. This represents the largest euro-denominated green bond issued by a Japanese financial institute. This...
China’s top legislature, the Standing Committee of the National People's Congress, passed the revised Law on Quality and Safety of Agricultural Products, as reported by Caixin on September 4. According to the revised law effective from January 1, 2023, government departments in charge of rural...
Spanish utility Iberdrola SA [IBE:SM] has pledged to invest EUD2bn to 3bn (USD1.98bn to 2.97bn) in the coming years to expand its renewable energy deployment in Australia, as reported by PV Tech on September 6. At present, in Australia, the utility has two gigawatts (GW)...
SK Ecoplant, the green business unit of SK Group [210980:KS], signed a stock purchase agreement to inject USD50m into US-based lithium-ion battery recycling firm Ascend Elements, as reported by Korea Economic Daily on September 1. Ascend Elements has effective technologies to extract rare metals individually...
South African petrochemical company Sasol [SOL:SJ] and Japanese trading house Itochu [8001:JP] announced a partnership to develop green hydrogen and green ammonia projects for shipping fuel and power generation, as reported by Reuters on September 2. The two companies signed a memorandum of understanding (MOU)...
Sinopec [0386:HK], one of China’s three major state-owned oil and gas producers, has started the operation of the country’s largest carbon capture, utilization, and storage (CCUS) facility in east China, with plans to build two additional plants of similar size by 2025, as reported by...
GAIL (India) Limited [GAIL:IN], India’s largest gas producer, has set a target to achieve net-zero emissions from its operations by 2040, as reported by Reuters on August 26. According to GAIL Chairman Manoj Jain, the company’s net-zero aim is in line with India’s vision to...
Singapore’s National Environment Agency (NEA) has signed separate memorandums of understanding (MOU) with Gold Standard and Verra, two of the world's largest international carbon offset standard programs, as reported by Strait Times on August 30. The MOUs support businesses in Singapore in using eligible carbon...
Indonesia’s electric vehicle (EV) technology company PT VKTR Teknologi Mobilitas (VKTR), a subsidiary of PT Bakrie & Brothers [BNBR:IJ], announced its plan to raise USD45m through an IPO on the Indonesia Stock Exchange in November, as reported by Nikkei Asia on August 30. The company...
South Korea’s POSCO Holdings [005490:KS] has finished building a recycling facility for electric vehicle (EV) batteries in Poland, as reported by the Korea Economic Daily on August 26. This facility, which is situated in Brzeg Dolny, can treat 7,000 tons of used batteries and production...
The China Securities Regulatory Commission and the US Public Company Accounting Oversight Board (PCAOB) have inked an agreement for cooperation in regards to the inspection of audit documents of US-listed Chinese companies, as reported by Reuters on August 27. According to the agreement, the US...
Shanghai's Lingang New Area has established a set of regulations to support the local development of a hydrogen industry, as reported by Sina Finance on August 26. In Lingang, the city plans to build a fuel cell and hydrogen energy industrial system and expedite the...
Japan’s second-largest steelmaker JFE Steel [5411:JP] plans to transform one of its blast furnaces into an electric arc furnace (EAF) by 2028, as reported by Nikkei Asia on August 26. This will be the first time that any of Japan’s three major steel enterprises plan...
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