China, the world’s biggest emitter of human-caused methane, is drafting a national action plan for methane emission control during its 14th Five-Year Plan (2021-2025) period, as reported by Reuters on November 25 citing the Ministry of Ecology and Environment (MEE). MEE’s deputy director for climate...
Transition to net-zero carbon and climate resilience has already become mainstream for all sectors in the world. As for the real estate industry, buildings account for nearly 40% of global greenhouse gas (GHG) emissions, 50% of the world’s energy consumption, and 40% of raw materials...
The Australian Renewable Energy Agency (ARENA) rolled out a roadmap of developing bioenergy over the next decade, with an investment of AUS33.5m (USD24.2m) from the Australian government, as reported by Power Engineering International on November 23. Based on the roadmap, the government would guide the...
Australia and Germany will set up the German-Australian Hydrogen Innovation and Technology Incubator, or HyGATE, to propel pilots, trials, demonstrations, and research for hydrogen projects, as reported by Reuters on November 23 citing Australia’s agency. The Australian Renewable Energy Agency (ARENA) and Germany’s Federal Minister...
Thailand’s renewable energy developer Energy Absolute PLC (EA) [EA:TB] will officially launch its battery and energy storage system (ESS) production factory on December 12, as reported by Bangkok Post on November 23. The lithium-ion battery factory, totaling THB6bn, will produce one gigawatt-hour (GWh) of batteries...
SKC [011790:KS], the chemical materials unit of South Korea’s SK Group, has announced a partnership agreement with local trading company LX International [001120:KS] and food firm Daesang [001680:KS] to launch a joint venture (JV) to produce polybutylene adipate-co-terephthalate (PBAT) with KRW180bn (USD151.3m), as reported by...
Mahendra Nath Pandey, Indian Union Minister of Heavy Industries, said the Indian government had authorized the installation of 6,000 electric vehicle (EV) charging stations alongside nine expressways selected, as reported by the Economic Times on November 22. Pandey added that about 3,000 charging stations will...
The Executive Yuan plans to revise Taiwan’s carbon emissions target for 2030 by the end of 2022, to get in line with the temperature goals set in the Paris Agreement according to the Glasgow Climate Pact, an agreement reached at the COP26 summit ended on...
China’s Ministry of Industry and Information Technology (MIIT) released two draft guidelines on the lithium battery sector for public consultations, aiming to propel technical progress, improve product quality, and reduce manufacturing costs in the industry, as reported by Caixin on November 19. One of the...
ABB Power Products & Systems India has changed its name to Hitachi Energy India [POWERINDIA:IN] on November 19, as reported by Economic Times on the same day. The move was to show its resolution to accelerate the clean energy transition in India, the same reason...
South Korean petroleum and refinery company Hyundai Oilbank announced that it will start producing naphtha by adding plastic waste pyrolysis oil into the process of refining crude oil, as reported by Korea Economic Daily on November 18. The enterprise plans to supply the naphtha, which...
China will set up a special relending facility worth RMB200bn (USD31.35bn) to support the clean and effective use of coal, as announced at an executive meeting of the State Council on November 17, according to its official website on the next day. Specifically, banks with...
The Common Ground Taxonomy (CGT), a comparative study of the green taxonomies of China and the EU, was published by the International Platform on Sustainable Finance (IPSF) on November 4 at the COP26. The CGT’s mission was to comprehensively assess existing taxonomies and identify commonalities...
South Korean conglomerate SK Group’s construction subsidiary, SK Ecoplant, plans for a combined investment of KRW459.5bn (USD388.6m) to acquire a 31.83% stake in Sam Kang M&T [100090:KS] and the target company’s KRW116.9bn worth of convertible bonds to be issued, as reported by Korea Economic Daily...
China and the US announced the US-China Joint Glasgow Declaration on Enhancing Climate Action in the 2020s on November 10 at the COP26 climate summit in Glasgow, as reported by Reuters on the same day. Following the official announcement, the two countries planned to establish...
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