Australia’s largest oil and gas producer Woodside Petroleum [WPL:AU] will fund Bill Gates-backed Heliogen [HLGN:US], supporting the latter in the full-scale trial of concentrated-solar-power (CSP) technology in Australia, as reported by Reuters on March 28. Specifically, Heliogen’s CSP system uses thousands of mirrors to precisely...
China’s leading battery producer, Contemporary Amperex Technology Limited (CATL) [300750:CH], established a battery factory featuring net-zero carbon emission in Yibin, Sichuan Province, as reported by PR Newswire on March 25. The plant has been granted the PAS 2060 certification on carbon neutrality from Swiss inspection,...
SK Chemicals [298130:KS], SK Group’s [034730:KS] subsidiary, plans to invest more than KRW2tr (USD1.6bn) in eco-friendly material and biopharmaceutical businesses, as reported by the Korean Economic Daily on March 28. SK Chemicals will use the proceeds for establishing production infrastructure for green material and bio...
Taiwan Semiconductor Manufacturing Co. (TSMC) [2330:TT] vows to use up to 2% of its annual revenue for environmental, social, and governance (ESG) initiatives, as part of its plan to reach net-zero emissions by 2050, as reported by Nikkei Asia on March 23. The annual ESG...
Thailand’s Excise Department has allocated about THB3bn (USD890m) to a price subsidy plan for electric vehicles (EV) sold in the country, as reported by Bangkok Post on March 26. Under the subsidy plan, consumers who purchase an electric car sold in Thailand could enjoy an...
The Singapore government published a White Paper on Singapore Women's Development which outlined 25 measures to build a fairer and more inclusive society for men and women in workplaces and at home, as reported by Strait Times on March 28. The white paper suggests that...
Indonesia will delay the enforcement of a tax on coal-fired power plants’ carbon emissions originally due to roll out on April 1 to around July, as reported by Bloomberg on March 28. A finance ministry official stated that Indonesia sees room to postpone the carbon...
South Korea's Carbon Neutrality and Green Growth Act for Climate Change entered into force on March 25, as reported by Sina News on March 28. The law states that the goal is to achieve carbon neutrality by 2050 and a 40% reduction in greenhouse gas...
Q Cells, the renewable energy unit of South Korea's Hanwha Solutions [009830:KS], has secured a large-scale solar energy project in France with an annual electricity production capacity of 37.7 megawatts (MW), as reported by the Korea Economic Daily on March 28. This is part of...
Seven & i Holdings [3382:JP], operator of the 7-Eleven convenience store chain, is seeking to have members from outside the firm make up the majority of its board, as reported by Nikkei Asia on March 28. The Japanese retail behemoth plans to have at least...
Part I of this article has introduced the concept of “blue carbon”, its application in China, and China’s policy rollout that enabled the establishment of the international carbon trading center (the Center) in Hainan. This part is going to discuss international blue carbon trading regulations...
According to the officials of the Hainan provincial government, the Hainan International Carbon Emission Trading Center (the Hainan Center) has been approved to set up in the Free Trade Port in Sanya. The Center is scheduled to start operation in 2H22 and will provide a...
BAIC Motor [1958:HK] and Hyundai Motor [005380:KS] agreed to inject USD942m in their joint venture (JV) Beijing Hyundai, each contributing 50% of the fund, as reported by Korea Economic Daily on March 20. Beijing Hyundai's registered capital will rise to RMB18.95bn (USD2.98bn) after the transaction....
Suzuki Motor [7269:JP] announced a USD1.37bn investment plan to increase its electric vehicle (EV) and battery manufacturing capacity in India through its local unit, Maruti Suzuki India [MSIL:IN], as reported by Reuters on March 20. The plan includes an INR31bn (USD405.4m) investment to increase EV...
Australian Competition & Consumer Commission (ACCC), the country’s competition regulator, has filed a lawsuit against Facebook’s [FB:US] parent company Meta Platforms for engaging in false or misleading cryptocurrency advertising in Australia, as reported by Nikkei Asia on March 18. Meta was accused of permitting advertisements...
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