The US Federal Reserve Board is inviting public comment on a proposed framework for large banking organizations to manage climate-related financial risks, as reported by Reuters on December 2. The proposed framework requires banking organizations with more than USD100bn in total assets to disclose climate-related...
LG Chem [051910:KS], one of the largest South Korean chemical companies, will supply a new environmentally friendly acrylonitrile butadiene styrene (ABS) product based on vegetable bio-materials to Mattel [MAT:US], a US toy manufacturing company, to develop eco-friendly products, as reported by the Korea Economic Daily...
The Biden-Harris Administration announced new initiatives to accelerate solar energy development on public lands in the western United States, as reported by Reuters on December 6. Secretary of the Interior Deb Haaland states that the Biden-Harris Administration plans to expand clean energy development and accelerate...
The UK government will establish an organization called Great British Nuclear (GBN) to build small modular reactors (SMR) and phase out traditional gas and oil power stations, as reported by Times on November 26. The GBN will develop a network for the SMRs currently being...
China’s state-owned power generation firm Shenzhen Energy Group [000027:CH] signed a long-term contract with BP Singapore [0177251D:SP], a subsidiary of the British oil and gas giant BP PLC [BP:LN], to buy liquefied natural gas (LNG) and secure supplied for local gas-fired power plants, as reported...
The Dutch Port of Rotterdam, the largest seaport in Europe, plans to construct the world’s first large-scale factory for Battolyser Systems to meet the country’s surging demand for hydrogen energy and electricity, as reported by Reuters on November 28. Battolyser Systems is a Dutch firm...
Amazon Web Services (AWS), the world’s largest cloud-computing provider under Amazon.com [AMZN:US], pledged to replenish all the water it uses for data centers by 2030, as reported by Yahoo on November 29. Specifically, AWS pledged to return more water to communities than what its direct...
SK Innovation [096770:KS], a holding company of SK Group [034730:KS], announced that this year it will adopt an internal carbon pricing system recently approved by its board of directors, as reported by the Korea Economic Daily on November 28. The system is designed to calculate...
Bank of Japan (BOJ) [8301:JP] will conduct annual surveys of financial institutions and enterprises to explore ways of developing the country’s climate finance market, as reported by Reuters on November 27. According to BOJ Deputy Governor Masayoshi Amamiya, the survey was intended to assess the...
The European Commission is due to publish the newly revised EU Packaging and Packaging Waste Directive (PPWD) on November 30 to include mandatory recycled content targets for plastic drinks bottles and eco-design criteria, as reported by Reuters on November 28. The revised PPWD is part...
Australia and New Zealand Banking Group (ANZ) [ANZ:AU] has allocated AUD100bn (USD67.63bn) for helping its customers reduce carbon emissions by 2030, as the lender seeks to speed up its net-zero transition, as reported by Reuters on November 25. ANZ stated that part of the allocations...
London Mayor Sadiq Khan announced a plan to expand the city’s Ultra-Low Emission Zone (ULEZ) across all London boroughs from August 2023, when drivers of older, polluting cars will be charged GBP12.5 (USD15) a day, as reported by the Guardian on November 25. The ULEZ...
Lekela Power BV, the largest renewable energy producer in Africa, plans to build a 160-megawatt-hour (MWh) battery storage plant next to its 159-megawatt (MW) wind power plant in Senegal, as reported by Bloomberg on November 22. The battery plant is expected to be the biggest...
Nearly 200 countries at the COP27 climate summit reached an overarching climate agreement to set up a “loss and damage” fund to support poor countries harmed by the impacts of climate change, as reported by Nikkei Asia on November 20. After days of intense negotiations...
Egypt plans to send electricity to Cyprus and Greece via cable under the Mediterranean Sea and export hydrogen used as fuel in power stations, as reported by Bloomberg on November 18. Egypt’s Petroleum Minister Tarek al-Molla said new renewable energy projects will advance the country’s plans to become...
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