The Indian government plans to roll out a Production Linked Incentive (PLI) Scheme to offer subsidies to producers and exporters of green hydrogen or ammonia, as reported by Economic Times on March 14. The incentives could cover areas including electrolyzers and their components, storage facilities...
China has published the draft guidelines of Administrative Measures for Electronic Cigarettes, which state that flavors other than tobacco shall not be offered in e-cigarettes to reduce their appeal to minors, as reported by Caixin on March 12. The guidelines also state that the establishment...
Tencent’s [0700:HK] mobile payment business WeChat Pay could face a record fine for violating the PBoC’s anti-money-laundering rules, as reported by Wall Street Journal on March 14. The exact amount of fine is currently being discussed, but it is likely to exceed hundreds of millions...
China’s Ministry of Industry and Information Technology (MIIT) has approved the sale of two electric vehicle (EV) models for the China Evergrande New Energy Vehicle Group [0708:HK] under its brand Hengchi, as reported by Reuters on March 14. According to sources familiar with the matter,...
The Cyberspace Administration of China (CAC) is soliciting opinions on a draft regulation for cyber protection for minors, as reported by Reuters on March 14. The rules mandate internet product and service providers to set up a system to combat video game addiction among minors. The...
The Intergovernmental Panel on Climate Change (IPCC), the world’s leading authority on climate science, released the “Working Group II: Impacts, Adaptation and Vulnerability Report” (WG2 report) on February 27, 2022, as the second part of its sixth assessment report (AR6). The 3675-page report summarized the...
The hydrogen subsidiary of Australia's Fortescue Metals Group (FMG) [FMG:AU] has signed a Memorandum of Understanding (MoU) with Airbus [AIR:FP] to reduce carbon dioxide (CO2) emissions in the aviation sector, as reported by Reuters on March 8. The agreement is part of Airbus's strategy to...
Sony Group [6758:JP] and Honda Motor [7267:JP] plan to form an electric vehicle (EV) joint venture (JV), as reported by Japan Times on March 4. The two Japanese companies aim to debut the JV’s first EV model in 2025. According to a joint statement, Honda...
CBRE South Asia, a unit of the global real estate firm CBRE Group [CBRE:US], released a report that outlined the companies’ Environmental, Social, and Governance (ESG) strategies in India and introduced the ESG landscape of India’s property industry, as reported by APN News on March...
The Asian Infrastructure Investment Bank (AIIB) suspended all businesses relating to Russia and Belarus on March 4, as reported by Nikkei Asia on the same day. The AIIB stated that it strives to safeguard the financial integrity of the bank amid the evolving economic and...
China plans to build 450 gigawatts (GW) of solar and wind power capacity in the Gobi Desert and other desert areas, as reported by Reuters on March 5. More than half of the capacity will be installed in four desert areas of Inner Mongolia, Kubuqi,...
South Korea’s Financial Services Commission (FSC) and the Korea Exchange (KRX) revamped their guidelines for corporate governance reporting on March 6, as reported by the Korea Economic Daily on the same day. The updated guidelines require all KRX-listed companies with over KRW1tr (USD822m) in assets...
China’s Premier Li Keqiang delivered a government work report on March 5, stressing that the nation will continue to enhance its ecological environment and encourage green and low-carbon growth, as reported by Reuters on the same day. According to the premier’s address, China will focus...
South Korean conglomerate SK Group [034730:KS] has invested USD100m in US clean technology firm 8 Rivers Capital, and the two companies have created a joint venture (JV) to launch zero-emissions projects, as reported by Reuters on March 8. By combining SK's domestic and international energy...
Malaysian tech company DiBiz has established Trustparent Marketplace, the world's first online trading platform for certified sustainable palm oil (CSPO), as reported by Reuters on March 8. The Trustparent Marketplace connects CSPO buyers with suppliers and has traceability measures in place to ensure the industry's...
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