The National University of Singapore (NUS) has set up the Center for Hydrogen Innovations, a research institute aimed at making hydrogen a commercially viable clean fuel to meet Singapore’s energy needs, as reported by Strait Times on July 4. The center has received a total...
Singapore’s Energy Market Authority (EMA) issued the second Request for Proposal (RFP2) on July 1, calling for proposals to export electricity to Singapore from renewable energy sources, as reported by Strait Times on the same day. Under RFP2, interested participants could submit non-binding proposals to...
Australia will invest AUD5.8m (USD3.98m) in a three-year partnership with India to develop critical metals such as lithium and cobalt for electric vehicles (EVs), as reported by Reuters on July 4. The Critical Minerals Facilitation Office of Australia (CMFO) negotiated an agreement with India's critical...
China’s largest lithium salt producer Ganfeng Lithium [002460:CH] is under investigation by China Securities Regulatory Commission (CSRC) for suspected insider trading, as reported by South China Morning Post on July 4. Ganfeng Lithium Chairman Li Liangbin admitted that the company was under scrutiny mostly because...
Japanese trading house Mitsui [8031:JP] has signed a memorandum of understanding (MoU) with Malaysian state-owned oil and gas company Petronas [PTG:MK] to jointly study the feasibility of storing industrial carbon emissions off the coast of the Malay Peninsula, as reported by Nikkei Asia on June...
The global rise of ESG investments in recent years has brought increasing greenwashing behaviors from investment product providers. Greenwashing is known as a cheating practice in which companies exaggerate their environmentally friendly approaches to gain more benefits. The phenomenon becomes more and more common as...
Japanese trading house Mitsubishi [8058:JP] will start selling renewable electricity certificates (RECs) for buyers to offset the emissions from their power consumption, with Japanese electronic components producer Murata Manufacturing [6981:JP] as the first buyer, as reported by Nikkei Asia on June 24. To generate and...
Singapore has started importing renewable energy from Laos via Thailand and Malaysia, marking the first renewable energy import into Singapore, as reported by Strait Times on June 23. Specifically, Lao stated-owned power supplier Electricite Du Laos (EDL) will transmit up to 100 megawatts (MW) of...
Taiwan’s largest pension manager, the Bureau of Labor Funds (BLF), has commissioned the fund management arms of HSBC [HSBC:US] and Morgan Stanley [MS:US] to participate in running the first pension fund in Asia that is benchmarked with Paris Agreement-aligned climate indexes, as reported by Reuters...
Exxon Mobil [XOM:US], Shell [SHEL:LN], and China’s third-largest national oil company China National Offshore Oil Corporation (CNOOC) [0883:HK] have signed a memorandum of understanding (MoU) to study the feasibility of establishing a world-class carbon capture, utilization, and storage (CCUS) project in China, as reported by...
China’s lawmakers will adopt an amendment to its current Antitrust Law to establish and improve its fair competition review system, as reported by China Daily on June 25. The amended law clarifies that business operators shall not exclude or limit competition by abusing data, algorithms,...
China’s lawmakers passed the Black Soil Conservation Law on June 24 to secure the country's grain security and protect the ecosystem, as reported by Xinhua News on the same day. The black soil, or chernozem soil, is very suitable for growing crops with its high...
China’s internet watchdog Cyberspace Administration of China (CAC) launched a cybersecurity investigation into China National Knowledge Infrastructure (CNKI), the country’s largest online academic database, to safeguard national data security and public interest, as reported by South China Morning Post on June 24. The CAC declared...
Australia's greenhouse gas emissions climbed by over 1% in 2021, representing a year-on-year increase of 4.1m tonnes in carbon dioxide equivalent, as reported by Reuters on June 27. According to the Australian government’s quarterly report, the country saw a 4% rise in transportation emissions, a 3.3% rise...
LG Electronics [066570:KS] has bought a 60% share in South Korean battery company AppleMango, with the remaining 40% acquired by GS Energy and GS Neotek, as reported by Korea Economic Daily on June 27. LG Electronics plans to build a facility at LG Digital Park...
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