Part 1 of this article introduced the concept of Emissions Trading Schemes (ETS), the difference between carbon tax and carbon market, and the development of ETS in China. Other ETS around the World According to the World Bank, by May 2021, carbon prices applied to over 20%...
The US Securities and Exchange Commission (SEC) now requires further disclosures from Chinese companies about their legal structure and regulatory risks before listing in the US, as reported by Reuters on July 30. Specifically, in an official statement issued earlier that day, SEC Chair Gary...
Chinese solar panel producer GCL Group announced on July 29 that it would build a plant to produce green ammonia from its granted natural gas fields in Djibouti, Ethiopia, with an annual production capacity of 4m metric tons, as reported by Reuters on the same...
China’s leading battery manufacturer CATL [300750:CH] launched its first generation of sodium-ion (Na-ion) battery on July 29, as reported by Caixin later that day. According to the company, the new battery has an energy density of 160 Wh/kg, meaning that it would be charged to...
Hyundai Motor Group (HMG) and LG’s [003550:KS] battery subsidiary LG Energy Solutions (LGES) on July 29 announced to establish a 50-50 joint venture (JV) for an electric vehicle (EV) battery factory in Indonesia with a combined investment of USD1.1bn, as reported by Reuters on the...
A recent survey by South Korea’s Ministry of Employment and Labor found that over half of employees at Naver [035420:KS], the country’s leading internet giant, had been bullied at work at least once in the past six months, reported The Korea Herald on July 28....
Emissions trading scheme (ETS), also commonly called carbon market, is regarded as an effective policy measure to incentivize reduction of greenhouse gas (GHG) emissions. Generally, governments or other designated authorities determine a limit on GHG emissions for participants in the carbon markets and allocate emissions...
Japan plans to put its largest offshore wind-powered hydrogen plant into operations in the year ended March 2024, reported Nikkei Asia on July 27. The plant, located on the northern island of Hokkaido, will produce about 550 tons of hydrogen per year, equivalent to powering...
Singapore’s sovereign wealth fund (SWF) GIC announced an SGD326m (USD240m) investment in Arctic Green Energy, a Singapore-based renewable energy company with a focus on urban heating and cooling, as reported by The Straits Times on July 23. Arctic Green Energy will use the proceeds for...
LG Display [LPL:US], a subsidiary of South Korean conglomerate LG [003550:KS] that focuses on manufacturing display panels, announced on July 26 that its business offices will use all renewable energy, as reported by the Korea Economic Daily later that day. After the announcement, renewable energy...
Deputy governor of PBoC, Fan Yifei, indicated that the central bank will guide pension funds and other long-term funds into ESG investing with an aim to diversify capital sources of the domestic green bond market, according to Xinhuanet on July 26. At the Global Wealth...
Thai Union Group PCL [TU:TB], a leading seafood company based in Thailand, on July 20 launched a senior, unsecured sustainability-linked bond (SLB), totaling THB5bn (USD150m), as reported by SeafoodSource on July 22. The bond has a 2.47% interest rate with a duration of seven years....
Australian beef producer Stockyard Group secured a three-year sustainability-linked loan (SLL) from Commonwealth Bank, according to the bank’s press release on July 22. This is the first SLL issued in the Australian agriculture industry, while the two parties did not disclose the lending amount. As...
BHP [BHP:US], a Melbourne-based mining, metal, and petroleum conglomerate, signed a nickel supply deal with Tesla [TSLA:US] on July 22, as reported by Caixin on July 23. Under the agreement, Tesla would procure nickel from BHP’s subsidiary Nickel West for its batteries and electric vehicles...
Malayan Banking Bhd (Maybank) [MAY:MK], Malaysia's largest bank by assets, said on July 19 to implement a USD11.88bn sustainable financing framework this year, as reported by CNA on the same day. Through the scheme, the bank will increase the scale of green and sustainable bonds...
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