Insights

27 Oct Foxconn Considers EV Investments in Indonesia with Preliminary Talks

Posted at 14:34h in 2021-10-28, Quick Hits by Una Qu

Foxconn [2354:TT] held preliminary talks with Indonesia regarding building an electric vehicle (EV) manufacturing factory in the country, as reported by Sina on October 25. Indonesia’s Investment Coordinating Board (BKPM) claimed that Foxconn planned to develop its EV and battery businesses in the country, while...

26 Oct Stellantis Partners with Samsung SDI to Set Up EV Battery JV in US

Posted at 15:35h in 2021-10-28, Quick Hits by Una Qu

Automaker Stellantis N.V. [STLA:US] and South Korean battery maker Samsung SDI [006400:KS] reached a preliminary agreement to set up a joint venture (JV) in the US to produce battery cells and modules for electric vehicles (EVs), as reported by Reuters on October 22. The two...

21 Oct China Announces RMB1.5bn Biodiversity Protection Fund at COP15

Posted at 17:23h in 2021-10-21, Quick Hits by Haiyan Luo

The UN Biodiversity Conference, also known as COP15, closed on a note on October 15 and brought a joint commitment and pledges of funding to help countries take action, according to the South China Morning Post on the same day. During the COP15, 195 participating...

21 Oct Carbon Accounting, A Tool for Low-Carbon Transition: [Part.2] Partnership for Carbon Accounting for Financials

Posted at 17:14h in 2021-10-21, Deep Dive by Tina Zhang

Part 1 mainly discussed the background of carbon accounting and the calculation approaches of physical carbon accounting. In this part, the article will continue the topic of carbon accounting from the disclosure and financed emission perspective. Carbon accounting information disclosure methods can be divided into disclosures...

21 Oct Toyota Unveils USD3.4bn Battery Investment Plan in US with First Battery Factory

Posted at 10:39h in 2021-10-21, Quick Hits by Una Qu

Japanese automaker Toyota [7203:JP] announced to spend USD1.3bn on building its first battery manufacturing plant for the power of new energy vehicles (NEVs) in the US, as reported by Bloomberg on October 18. This is part of the Japanese company’s US battery investment plan, aiming...

20 Oct India to Announce New 2030 Climate Targets at COP26

Posted at 17:15h in 2021-10-21, Quick Hits by Una Qu

India is expected to update its climate targets, also known as nationally determined contributions (NDCs), under the Paris Agreement at the upcoming 2021 UN Climate Change Conference (COP26), opening on October 31, as reported by Economic Times on October 18. According to sources familiar with...

20 Oct Huawei Wins World’s Largest Energy Storage Project Contract in Middle East

Posted at 10:23h in 2021-10-21, Quick Hits by Helena Zhu

Chinese telecommunications giant Huawei has won the contract for Red Sea New City and will partner with Chinese construction and engineering company SEPCOIII on the project, as reported by the company’s official announcement on October 16. The project will install a 400 megawatt (MW) photovoltaic...

19 Oct South Korea Scales Up Climate Pledge Ahead of COP26

Posted at 16:13h in 2021-10-21, Quick Hits by Helena Zhu

South Korea has officially scaled up climate ambition and committed to reducing carbon emissions by 40% from 2018 levels by 2030, as reported by Reuters on October 18. The new target was proposed as the country’s revised nationally determined contribution (NDC), as nations are expected...

19 Oct LG Energy Solution, Stellantis to Jointly Produce EV Batteries in North America

Posted at 15:44h in 2021-10-21, Quick Hits by Una Qu

South Korean LG Chem’s [051910:KS] battery subsidiary LG Energy Solution (LGES) and automaker Stellantis N.V. [STLA:US] inked a memorandum of understanding (MOU) to set up a joint venture (JV) in North America to produce electric vehicle (EV) batteries, as reported by the Korea Herald on October 18. Under the MOU, a...

14 Oct Singapore’s NTU to Launch SGD1bn in Sustainability-Linked Bonds

Posted at 17:05h in 2021-10-14, Quick Hits by Helena Zhu

Singapore’s Nanyang Technological University (NTU) is issuing SGD1bn (USD741m) in multicurrency bonds to support its sustainability goals, as reported by The Straits Times on October 11. The sustainability-linked bonds (SLBs) will be issued under a medium term note (MTN) program arranged by the Oversea-Chinese Banking...

14 Oct Carbon Accounting, A Tool for Low-Carbon Transition: [Part.1] General Introduction

Posted at 14:57h in 2021-10-14, Deep Dive by Tina Zhang

The United Nations Framework Convention on Climate Change (UNFCCC), coming into force in 1994, set the first steps towards a greener economy transition. A decade after the UNFCCC’s establishment, the Kyoto Protocol became valid, attracting 192 UNFCCC signatories until now, which officially recognized six types...

14 Oct ADB Scales Up 2030 Climate Financing Ambition to USD100bn

Posted at 14:15h in 2021-10-14, Quick Hits by Helena Zhu

The Asian Development Bank (ADB) will increase its climate financing goals by USD20bn to a new target of USD100bn for the 2019-2030 period, as reported by Reuters on October 12. The USD20bn added to the goal will be directed to developing low-carbon energy sources, climate...

14 Oct SP Group, EDF Group to Transmit Renewable Electricity from Indonesia to Singapore

Posted at 09:59h in 2021-10-14, Quick Hits by Una Qu

Singapore’s state-owned power grid operator SP Group and France’s energy developer Electricite de France (EDF Group) [EDF:FP] signed a memorandum of understanding (MOU) on October 11 and reached a partnership on a renewable energy supply project from Indonesia to Singapore, as reported by the Straits...

13 Oct Australia’s Largest Bank CommBank Sued for Underpaying Staff

Posted at 12:04h in 2021-10-14, Quick Hits by Helena Zhu

Australia’s Fair Work Ombudsman (FWO) has sued the country’s largest bank Commonwealth Bank of Australia (CommBank) [CBA:AU] and its subsidiary for underpaying 7,425 workers, as reported by Australian Financial Review on October 11. FWO launched an investigation into CommBank in 2019 after the bank self-reported...