Macquarie Group's [MQG:AU] green investment unit has formed a collaboration with France’s Engie SA [ENGIE:FP] and the US energy storage firm Fluence Energy [FLNC:US] to construct an energy storage project in Victoria State, Australia, as reported by Reuters on December 1. Macquarie’s subsidiary and Engie...
China’s State Council has amended its tobacco monopoly law to include e-cigarettes on November 26, eight months after it released a draft guideline to bring vaping under the legislation supervision, as reported by Reuters on the same day. The law revision clarified the legal status...
Thailand’s Finance Ministry might consider reducing the tariffs on electric vehicles (EVs) as part of the national EV promotion scheme, as reported by Bangkok Post on November 29 citing an unnamed ministry source. In Thailand, the electric cars imported from China enjoy zero import duty...
Japanese city gas distributor Tokyo Gas [9531:JP] announced on November 26 that it will spend JPY2tr (USD17.5bn) on clean fuels, such as hydrogen and other renewable energy sources, as reported by Reuters on the same day. With the huge funding, the Japanese company has raised...
The Bank of Japan (BOJ) [8301:JP] announced on November 26 that 43 financial institutions are qualified to receive loans under a new scheme targeting activities aimed at combating climate change, as reported by Reuters on the same day. BOJ rolled out this program in July...
The South Korean government is planning to build two solar photovoltaic power plants in Chile, as reported by the Korea Economic Daily on November 29. South Korean companies including Dohwa Engineering, Hanwha Q CELLS [HQCL:US], and OCI Power will jointly work on the project which...
South Korea’s Hyundai Engineering & Construction [000720:KS], a construction subsidiary of Hyundai Motor Group, signed an agreement with Holtec International, a leading US company in the nuclear reactor industry, as reported by Korea Economic Daily on November 25. The two sides are set to jointly...
The Australian Parliament on November 25 passed the Offshore Electricity Infrastructure Bill 2021, which sets a framework for developing offshore wind farms and transmission lines, as reported by Reuters on the same day. The legislation will unlock the development of a new industry that provides...
China, the world’s biggest emitter of human-caused methane, is drafting a national action plan for methane emission control during its 14th Five-Year Plan (2021-2025) period, as reported by Reuters on November 25 citing the Ministry of Ecology and Environment (MEE). MEE’s deputy director for climate...
Transition to net-zero carbon and climate resilience has already become mainstream for all sectors in the world. As for the real estate industry, buildings account for nearly 40% of global greenhouse gas (GHG) emissions, 50% of the world’s energy consumption, and 40% of raw materials...
The Australian Renewable Energy Agency (ARENA) rolled out a roadmap of developing bioenergy over the next decade, with an investment of AUS33.5m (USD24.2m) from the Australian government, as reported by Power Engineering International on November 23. Based on the roadmap, the government would guide the...
Australia and Germany will set up the German-Australian Hydrogen Innovation and Technology Incubator, or HyGATE, to propel pilots, trials, demonstrations, and research for hydrogen projects, as reported by Reuters on November 23 citing Australia’s agency. The Australian Renewable Energy Agency (ARENA) and Germany’s Federal Minister...
Thailand’s renewable energy developer Energy Absolute PLC (EA) [EA:TB] will officially launch its battery and energy storage system (ESS) production factory on December 12, as reported by Bangkok Post on November 23. The lithium-ion battery factory, totaling THB6bn, will produce one gigawatt-hour (GWh) of batteries...
SKC [011790:KS], the chemical materials unit of South Korea’s SK Group, has announced a partnership agreement with local trading company LX International [001120:KS] and food firm Daesang [001680:KS] to launch a joint venture (JV) to produce polybutylene adipate-co-terephthalate (PBAT) with KRW180bn (USD151.3m), as reported by...
Mahendra Nath Pandey, Indian Union Minister of Heavy Industries, said the Indian government had authorized the installation of 6,000 electric vehicle (EV) charging stations alongside nine expressways selected, as reported by the Economic Times on November 22. Pandey added that about 3,000 charging stations will...
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