On March 1, the Shanghai Stock Exchange published an official document titled the Programme of Action on Carbon Neutrality and Action during the "14th Five-Year Plan" (the Programme of Action). To align with China’s “30-60” Decarbonization Goals, the Programme of Action proposed six main initiatives...
Thailand’s Aberdeen Asset Management, an affiliate of UK-based global investment company Abrdn Plc [ABDN:LN], is launching Abrdn Global Innovation Equity Fund (ABINNO), a mutual fund focused on tech businesses that comply with environmental, social, and governance (ESG) criteria, as reported by Bangkok Post on March...
Taiwan Depository and Clearing Corporation’s (TDCC) Investor Relations (IR) platform, dubbed Taiwan’s ESG Dashboard, will add the S&P Global [SPGI:US] ESG Scores to its database in 2022, as reported by Taiwan News on March 1. S&P Global ESG Scores uses its advanced Corporate Sustainability Assessment...
Inner Mongolia, China’s second-largest coal-producing region and the biggest renewables producer, released a five-year plan (FYP) to build a hydrogen industry worth over RMB100bn (USD15.83bn) from 2021 to 2025, as reported by power market monitor bjx.com.cn on March 1. The plan aims for a hydrogen...
China’s technology and entertainment conglomerate Tencent [0700:HK] has pledged to achieve carbon neutrality for its operations and supply chain by 2030, as reported by Reuters on February 24. To attain this goal, Tencent committed to using green power for all its electricity demand by 2030,...
Global oil and gas trader Shell [RDSA:LN] has agreed to purchase a 49% equity in wind farm developer WestWind Energy's Australian arm, as reported by Reuters on March 2. WestWind Energy has plans to develop a three-gigawatt (GW) wind project pipeline across Australia’s Victoria, New...
China’s Ministry of Transport (MoT) asked ride-hailing firms and online trucking platforms to set a reasonable cap on fees for drivers and disclose their pricing rules to the public, as reported by Caixin on February 24. The announcement came a month after China’s nine supervision...
Japan’s major industrial materials producer, Mitsubishi Chemical [4188:JP], aims to realize net-zero emission in the production of methyl methacrylate (MMA) by 2026, a material applied in plastics for vehicle parts and construction materials, as reported by Nikkei Asia on February 23. Mitsubishi Chemical is the...
EDP Renewables (EDPR) [EDPR:PZ], the world’s fourth-largest renewable energy producer, will build a clean energy hub in Singapore for the Asia-Pacific (APAC) region with a planned investment of SGD10bn (USD7.4bn) by 2030, as reported by Reuters on February 24. On the same day, the Portuguese...
The Bank for International Settlements (BIS) announced the launch of a new green fund to finance environmentally beneficial projects in Asia and the Pacific, as reported by Reuters on February 15. The fund will invest in green bonds issued by Asian governments, financial institutions, and...
Australian iron ore billionaire Andrew Forrest announced that he will invest AUD3bn (USD2.19bn) through his company Squadron Energy to acquire a two-stage renewable energy project, as reported by Reuters on February 27. The project will be based in central Queensland and will develop wind, solar,...
The 2022 Beijing Winter Olympics event has ended in success. What was amazing about this Winter Olympics was not only the high level of event management but also its practices and breakthroughs in sustainability. The Beijing Organizing Committee for the 2022 Olympics and Paralympic Winter...
Singapore has priced its carbon tax at SGD25 (USD18.6) per ton for 2024 and 2025, a major increase from the 2019-2023 levels of SGD5 (USD3.71) per ton, as reported by Strait Times on February 18. According to Singapore’s FY22 Budget Statement, the carbon tax will...
SK Ecoplant, the green business unit of SK Group [210980:KS], has bought a 100% stake in Singapore-based electronic waste (e-waste) disposal and recycling firm TES Envirocorp (TES) with USD1bn, as reported by the Korea Economic Daily on February 21. The transaction will expand the South...
Thailand’s cabinet has approved a series of tax incentives to promote a shift to electric vehicles (EVs), as reported by Nikkei Asia on February 18. Incentives include lowering tariffs by 20% to 40% and cutting the excise on imported EVs to 2% from 8%. For...
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