The International Platform on Sustainable Finance (IPSF) on November 4 released the Common Ground Taxonomy, a green investment classification system built on the green taxonomies of the EU and China, as reported by Caixin Global on November 5. Developed over two years, the Common Ground...
During the week before the UN COP26, China published five key documents to address climate change issues, including two documents submitted to the UN. October 24: a guiding document on the country’s climate action and an action plan on peaking emissionsOctober 26: an action plan to...
India and the UK announced bilateral cooperation to enhance their International Solar Alliance (ISA) partnership by launching a new green grids initiative at the COP26 climate conference in Glasgow on November 2, according to the Economic Times on the same day. This initiative is the...
The IFRS Foundation launched the new International Sustainability Standards Board (ISSB) to develop a comprehensive global baseline of high-quality sustainability disclosure standards for investors’ information needs, according to the IFRS Foundation’s website on November 3. The ISSB will develop IFRS Sustainability Disclosure Standards, including disclosure...
Cambodia’s Minister of Mines and Energy Suy Sem stated that the country will not approve any new coal-fired power plants in addition to the existing ones in a meeting with the UK Ambassador Tina Redshaw before the UN COP26, as reported by Nikkei Asia on...
Japan’s Prime Minister Fumio Kishida announced at the UN COP26 on November 2 that the country will provide up to USD10bn in additional supports for the decarbonization of Asian countries over the next five years, based on the previous USD60bn committed, as reported by Kyodo...
China submitted its renewed nationally determined contributions (NDCs) and long-term emission control strategies to the United Nations (UN) on October 28, according to Caixin on the same day. According to China’s updated NDCs, China committed to achieving carbon neutrality by 2060, in addition to the...
South Korea’s private equity company STIC Investment plans to sell local leading biodiesel material maker Daekyung O&T, with BofA Securities as the underwriter, as reported by the Korean Economic Daily on October 29. South Korean major refiners like SK Innovation [096770:KS], S-Oil Corporation [010950:KS], and...
India’s prime minister Narendra Modi made an announcement that India will reach net-zero carbon emissions by 2070 at the UN COP26 climate summit on November 1, as reported by Reuters on the same day. The prime minister also announced short-term targets for decarbonizing the country....
The Green Infra Wind Energy, a subsidiary of Sembcorp Industries [SCI:SP], won a contract of an Indian wind power project with a total capacity of 180 megawatts (MW) in a concluded auction on October 22, as reported by the Economic Times on the same day....
The Australian government announced its commitment to achieving the goal of net-zero carbon emissions by 2050 but put no effort in establishing any legislation to step towards the goal, according to PV-tech on October 26. The Prime Minister of Australia Scott Morrison also stated that...
More than 20 firms based in Shenzhen vowed not to violate user privacy and promote healthy and sustainable development of the internet industry at a conference on October 22, according to South China Morning Post (SCMP) on the same day. Those companies include Tencent [0700:HK],...
For almost three decades, the United Nations has brought together nearly every country on the planet for an annual global climate summit, called the Conference of the Parties (COP). This November, the world will intently watch the COP26 summit, which runs from October 31 to...
Singapore’s Minister for Trade and Industry Gan Kim Yong at the opening of the 14th Singapore International Energy Week on October 25 said that the country plans to import low-carbon electricity to fulfill 30% of the country’s electricity needs by 2035, equivalent to up to...
The Cabinet of Japan’s government passed the sixth Strategic Energy Plan on October 22, which planned to increase the national target for renewable energy, including hydropower, in the country's power mix to between 36% to 38% by 2030, as reported by Reuters on the same...
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