The world’s largest wind power producer Longyuan Power [0916:HK], a partially owned subsidiary of state-owned China Energy Investment Corporate (CEIC), has obtained approval from CSRC for a dual-listing on the A-share market through a stock swap, as reported by Shanghai Security News on December 8....
South Korean electric vehicle (EV) battery maker LG Energy Solution (LGES) is in discussion with the government of Ontario in Canada on launching a USD2bn battery plant for EVs, as reported by the Korea Herald on December 9. The plant is part of LGES’s USD4.76bn...
Development of SBTi in the Financial Sector The Science Based Targets initiative (SBTi) regards the financial sector as a crucial part in promoting the global decarbonatization and green economy transition. Through lending and investing, they have the power to reallocate resources to sustainable solutions and the...
Thailand’s state-owned Metropolitan Electricity Authority (MEA) plans to lower the electricity price for electric vehicle (EV) charging services providers, aiming to make charging facilities more available to the public, as reported by Bangkok Post on December 8. The preferential policy is expected to take effect...
Woodside Petroleum [WPL:AU], Australia’s major petroleum exploration and production company, announced an investment worth USD5bn in clean energy by 2030, as reported by Bloomberg on December 8. On the same day, the enterprise announced a trial project of concentrated solar power in California, together with...
CDP, a global non-profit promoting environmental disclosure for companies and governments, announced environmental performance scores on companies for the year 2021, as reported by the organization’s press release on December 7. According to CDP, nearly 12,000 companies have reported environmental data through CDP’s platform in...
China’s National Energy Administration (NEA) will soon launch the second batch of massive wind and solar power projects in the Gobi Desert and other arid areas, two months after President Xi Jinping announced the plan, as reported by Bloomberg on December 6. NEA has informed...
China’s Ministry of Industry and Information Technology (MIIT) on December 3 released a five-year green development plan of its industrial sectors, as reported by Reuters on the same day. MIIT reiterated the targets of lowering carbon dioxide emissions by 18% and energy intensity by 13.5%...
Australia's mineral exploration company Infinity Lithium [INF:AU] announced a deal with a subsidiary of Germany's thyssenkrupp AG [TKA:GR] on producing lithium with green hydrogen, as reported by Reuters on December 6. The two companies will start testing the technology at a factory of thyssenkrupp in...
South Korean electric vehicle (EV) battery maker LG Energy Solution (LGES) set its IPO price at KRW257,000 (USD218.2) to KRW300,000 (USD254.7) per share, aiming to raise KRW10.9tr (USD9.2bn) to KRW12.8tr (USD10.8bn) in January, as reported by the Korea Economic Daily on December 7. On the...
Indian engineering conglomerate Larsen & Toubro [LT:IN] announced a partnership with Goldman Sachs-backed [GS:US] ReNew Power [RNW:US], India’s largest renewable energy producer by installed capacity, as reported by Reuters on December 2. Under the partnership agreement, the two sides will jointly develop, own, execute, and...
India will have nine nuclear power plants in operation by 2024, compared with seven operational ones in 2021, as reported by Economic Times on December 2 citing Minister of State for Personnel, Public Grievances and Pensions, Jitendra Singh. Moreover, India has approved 12 new nuclear...
Hong Kong Exchanges and Clearing Limited (HKEX) [0388:HK] announced the release of the Net-Zero Guide for Business along with a new service to display ESG metrics for HKEX-listed companies, according to the group’s news release on December 2. The two initiatives aim to promote green...
The IFRS Foundation, which is a not-for-profit and public interest organization well-known for its International Financial Reporting Standards (IFRS), announced three significant developments regarding sustainability-related reporting on November 3 at the COP26. Set up a new International Sustainability Standards Board (ISSB).Consolidate with the Value Reporting Foundation...
Indonesia, the world’s top exporter of thermal coal, recorded about 1m tons of taxable carbon emissions during a trial of carbon trading mechanism covering 32 coal power plants, as reported by Reuters on November 29. The experiment was intended to determine the emission cap for...
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