Shanghai issued a four-year action plan (2022-2025) to conduct carbon-reduction and energy-conservation reform in the city’s industrial and communication sectors, aiming for an average 1% reduction in power use every year during the period, as reported by Securities Times on June 13. According to the...
South Korea’s major shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) [042660:KS] formed collaborations with ship classification organizations American Bureau of Shipping (ABS) and Greek liquified natural gas (LNG) carrier manufacturer Gaslog [GLOP:US] to jointly develop onboard carbon capture and storage (OCCS) technology, as reported by...
South Korea's antitrust authority, the Fair Trade Commission (FTC), has fined six logistics firms including CJ Logistics [000120:KS], Dongbang Transport Logistics [004140:KS], and others a total of KRW6.5bn (USD5.06m) for price rigging, as reported by the Korea Herald on June 14. Between 2016 and 2018, the...
South Korea's SK Innovation [096770:KS] is expanding its business in environmentally friendly sectors such as small modular reactors (SMRs), batteries, and waste recycling, as reported by Korea Economic Daily on June 13. SK Innovation Vice Chairman and Chief Executive Kim Jun stated that the three...
Three Japanese energy enterprises, namely JERA, Tokyo Gas [9531:JP], and Inpex [1605:JP], plan to join a carbon capture and storage (CCS) project in northern Australia with an expected investment of up to JPY100bn (USD748m) in total, as reported by Nikkei Asia on June 9. Led...
China’s largest online academic database China National Knowledge Infrastructure (CNKI) announced that it will give individuals access to its plagiarism-checking service, a month after receiving an antitrust investigation by the State Administration for Market Regulation (SAMR), as reported by South China Morning Post on June...
CPC Corp [1328:TT], Taiwan's government-owned oil and gas company, has received the island’s first emissions-offset crude oil cargo, as reported by Reuters on June 12. The 1.05m-barrel Azeri Light crude oil shipment was supplied by SOCAR Trading, the trading arm of Azerbaijan's state oil firm...
Green insurance is an important component of China’s green finance. Chinese government and regulators have published a series of policies to guide the development of green insurance and build a comprehensive green insurance system. By 2020, the total premium of green insurance in China amounted...
PTT Exploration and Production (PTTEP) [PTTEP:TB], a subsidiary of Thai state-owned oil and gas producer PTT Group [PTT:TB], plans to put Thailand’s first carbon capture and storage (CCS) project into operation by 2026, as reported by Nikkei Asia on June 8. Through the CCS project,...
Indonesia, the world’s largest thermal coal exporter, vowed to subsidize the development of renewable energy and open the nation's first nuclear power plant by 2045 in a draft bill proposed on June 8, as reported by Strait Times on the same day. According to the...
The Glasgow Financial Alliance for Net Zero (GFANZ), a coalition of global leading financial institutions, launched an Asia-Pacific (APAC) network and office in Singapore on June 8, as reported by Nikkei Asia on the same day. This marks the first-ever regional office of GFANZ. The...
Kubota [6326:JP], Japan’s biggest maker of farm machinery, aims to debut the world's first hydrogen-powered fuel cell tractor as early as 2025, as reported by Nikkei Asia on June 2. The company plans to release a prototype of the fuel cell tractor in 2023, eyeing...
Hyundai Heavy Industries Group, the world’s largest shipbuilder by sales, will team up with Hyundai Glovis, the logistics unit of Hyundai Motor Group [005380:KS], to develop the world’s largest liquefied carbon dioxide (LCO₂) carrier, as reported by Korea Economic Daily on June 7. Specifically, Hyundai...
Seven multinational pharmaceutical companies, including Japan's Takeda Pharmaceutical [4502:JP], America's Pfizer [PFE:US], and British-Swedish multinational AstraZeneca [AZN:LN], have reached an agreement to collaborate in evaluating the greenhouse gas emissions of their suppliers, as reported by Nikkei Asia on June 7. As pharmaceutical firms commonly share...
LG Innotek [011070:KS] has established an agreement with the Korea Commission for Corporate Partnership to assist the firms' partners with their environmental, social, and corporate governance (ESG) performance, as reported by The Korea Herald on June 7. The South Korean electronic component manufacturer and the...
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