Malaysia's stock exchange, Bursa Malaysia, will launch a Voluntary Carbon Market (VCM) by the end of 2022, allowing corporations to purchase carbon credits to offset their emissions, as reported by Reuters on August 15. Buyers and sellers in the VCM can trade carbon credits at...
Chinese battery maker CATL [300750:CH] will spend up to EUR7.3bn (USD7.6bn) to launch a 100-gigawatt-hour (GWh) power battery factory in Hungary, as reported by Reuters on August 12. The project's construction is scheduled to take no more than 64 months, with the first plant set to...
SK Group [034730:KS] will invest USD250m in TerraPower, a US small modular reactor (SMR) startup founded by Bill Gates, as reported by The Korea Herald on August 15. SMRs are nuclear reactors that are significantly smaller than conventional reactors, enabling users to deploy nuclear power where...
Hong Kong's Financial Reporting Council (FRC) has begun an inquiry into the accounts and audits of China Evergrande Group [3333:HK] and Evergrande Property Services Group [6666:HK], as reported by Bloomberg on August 15. The FRC has initiated an investigation into Evergrande's financial statements for 2020...
Japanese companies have issued JPY285bn (USD2.12bn) of green transition bonds in the first seven months of the year, 14 times more than their total issuance of 2021, as reported by Nikkei Asia on August 13. The skyrocketing of green transition bonds in Japan is proof...
China will phase out small and unsafe coal mines to address safety concerns, as reported by Caixin on August 11. Meanwhile, the country will continue developing large and technologically advanced coal mines to secure its energy supply. According to a work plan highlighting production safety...
The Ministry of Health of Singapore announced new measures that require outlets selling freshly brewed drinks to include nutrition labels on their menus to specify drinks that contain higher levels of sugar and saturated fat, as reported by Strait Times on August 11. Freshly brewed...
An internal carbon price is an instrument used by entities such as companies and financial institutions to incentivize climate action by assigning monetary value to carbon emissions. The financial cost of carbon emissions is often invisible yet substantial. Nations are beginning to factor the social...
French oil company Total Energies [TTE:FP] has signed a memorandum of understanding (MoU) with Vietnam’s industrial property developer KCN Vietnam to provide solar power to the latter, as reported by Nikkei Asia on August 9. Total Energies will install 280,000 square meters of solar panels...
India will prohibit enterprises from exporting carbon credits, as reported by Bloomberg on August 8. The decision was announced by India’s Power and Renewable Energy Minister Raj Kumar Singh. On the same day, the lower house of the Indian parliament, Lok Sabha, approved the Energy...
The South Korean Ministry of Science and ICT will draft a frequency spectrum plan by the end of this year to support new industries such as electric vehicles (EVs), robotics, and urban air mobility, as reported by the Korea Herald on August 9. South Korea...
The Korea Communications Commission (KCC) will launch investigations in Apple [AAPL:US] and Google's [GOOGL:US] app stores, as well as One Store, a South Korean app store, for alleged breaches of domestic in-app payment regulations, as reported by the Korea Herald on August 9. The probe...
China’s State Administration for Market Regulation (SAMR) has identified 18 coal enterprises for suspected coal price gouging and three trading centers for not adopting government pricing after preliminary investigations, as reported by Sina on August 6. In July, the SAMR sent three investigation teams to...
The Indian federal cabinet approved the new national emissions pledges known as Nationally Determined Contributions (NDCs), including reducing the emission intensity of its GDP by 45% by 2030 from 2005 levels and meeting half of its electricity demand from non-fossil-based sources, as reported by Reuters...
Singapore’s Nanyang Technological University (NTU) and the world’s largest viscose manufacturer Royal Golden Eagle (RGE) [3308:HK] jointly launched a textile recycling research center to produce new fabrics and materials from used fabrics such as old clothes, as reported by the Strait Times on August 4....
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