India’s Environment Minister, Bhupender Yadav, launched several green initiatives for plastic waste management on April 5, as reported by Economic Times on the same day. The minister proposed a state organ responsible for plastic waste management and the elimination of single-use plastic (SUP), together with...
China has published new rules requiring live-streaming platforms to provide reports on their live-streamers twice a year and to deduct personal income tax from live-streamers’ revenue, as reported by SCMP on March 31. Specifically, the reports need to include information such as personal identity, online...
PetroChina [PTR:US], China’s largest oil and gas producer, committed that renewables will account for one-third of its energy portfolio by 2035 and 50% by 2050, as reported by Reuters on April 1. The state-owned enterprise’s chief financial officer, Chai Shouping, stated the company will utilize...
Japan's Mitsubishi Heavy Industries [7011:JP] is in talks with US utility firm Bakken Energy on clean hydrogen projects with an annual capacity of over 300,000 tons, as reported by Nikkei Asia on April 5. Mitsubishi Heavy Industries is planning to invest in and participate in...
India’s refiners, Indian Oil Corp [IOCL:IN], Larsen＆Toubro [LT:IN] and renewable energy company ReNew Power will form a joint venture (JV) to launch green hydrogen projects, according to Reuters on April 4. The JV will start with projects at Indian Oil Corp's Mathura and Panipat refineries...
Vietnam is investigating the maximum amount of greenhouse gas emissions for manufacturers under its cap-and-trade scheme, as reported by Nikkei Asia on April 6. The country is bearing an increasing carbon emission burden as many multinational groups such as Panasonic [6752:JP] and Nestle [NESN:SW] relocate...
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...
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