SK Ecoplant, the green business unit of SK Group [210980:KS], has bought a 100% stake in Singapore-based electronic waste (e-waste) disposal and recycling firm TES Envirocorp (TES) with USD1bn, as reported by the Korea Economic Daily on February 21. The transaction will expand the South...
Thailand’s cabinet has approved a series of tax incentives to promote a shift to electric vehicles (EVs), as reported by Nikkei Asia on February 18. Incentives include lowering tariffs by 20% to 40% and cutting the excise on imported EVs to 2% from 8%. For...
JR East [9020:JP], Japan’s major passenger railway company, will launch a safety test for Japan’s first hydrogen-powered hybrid train in late March, as reported by Nikkei Asia on February 19. The train, dubbed Hybari, is equipped with a zero-emission system jointly developed by JR East,...
Japan is preparing for a massive field test that produces clean-burning hydrogen through artificial photosynthesis, as reported by Nikkei Asia on February 18. Precisely, the pilot will develop photocatalytic sheets capable of splitting water molecules into hydrogen and oxygen using sunlight and apply such sheets...
The Philippines will issue more than USD500m of green bonds to raise funds for clean energy projects, as reported by Reuters on February 18. The Southeast Asian country resolves to push forward its emission reduction target but requires financial support from wealthier countries to do...
China’s 14 regulatory departments, including the National Development and Reform Commission (NDRC) and the State Administration for Market Supervision (SAMR), published policies on February 18 to facilitate the recovery of service industries affected by epidemic prevention measures, as reported by South China Morning Post on...
Zhejiang provincial government has published a timeline for carbon peak and carbon neutrality, as reported by Sina on February 18. According to the timeline, Zhejiang set three targets for decarbonization. By 2025, the province intends to meet national targets for energy consumption per GDP and...
Korean Air [003490:KS] will use sustainable aviation fuel (SAF) on the Incheon-Paris route to cut carbon emissions, as reported by the Korea Herald on February 18. The airline has secured an agreement for SAF supply with an unnamed foreign company on February 1. However, the...
Singapore will issue its first green sovereign bond as part of a plan to access the market for USD26bn by 2030 to fund environmental projects, as reported by Bloomberg on February 18. According to a Finance Ministry official, this is an increase over last year's...
Stress testing is not an unfamiliar term to the financial sector. Ever since the global financial crisis, financial institutions have used stress tests as a key tool for assessing risks and resiliency of the financial system as well as individual institutions. With climate change increasingly...
Greenko Group, one of India’s largest renewables operators, and Indian state-owned Ayana Renewable Power have signed an agreement to use large-scale energy storage facilities to provide local industrial customers with one gigawatt (GW) of around-the-clock renewable power supply, as reported by Economic Times on February...
The Japanese government plans to set up a public-private committee this year to draw up measures to promote production and utilization of sustainable aviation fuels (SAFs), in a move to have airlines substitute SAFs for 10% of traditional jet fuels by 2030, as reported by...
Japanese cosmetics producer Shiseido [4911:JP] released a new Group Procurement Policy, which expanded responsible procurement requirements for suppliers in key sustainability areas including environment and human rights, as reported by ESG Today on February 15. The new policy outlined a set of criteria for suppliers...
The Indian government announced on February 11 that 20 companies among 115 applicants have qualified for incentives under India’s USD3.5bn Production Linked Incentive (PLI) Schemes to boost clean fuel vehicles and their components, as reported by Reuters on the same day. The 20 enterprises include...
India’s Ministry of Power announced that the country seeks to phase out diesel use in agriculture and replace it with renewable energy by 2024, as reported by Reuters on February 11. In February 2020, the Indian government announced an incentive program to encourage farmers to...
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