The Executive Yuan plans to revise Taiwan’s carbon emissions target for 2030 by the end of 2022, to get in line with the temperature goals set in the Paris Agreement according to the Glasgow Climate Pact, an agreement reached at the COP26 summit ended on...
China’s Ministry of Industry and Information Technology (MIIT) released two draft guidelines on the lithium battery sector for public consultations, aiming to propel technical progress, improve product quality, and reduce manufacturing costs in the industry, as reported by Caixin on November 19. One of the...
ABB Power Products & Systems India has changed its name to Hitachi Energy India [POWERINDIA:IN] on November 19, as reported by Economic Times on the same day. The move was to show its resolution to accelerate the clean energy transition in India, the same reason...
South Korean petroleum and refinery company Hyundai Oilbank announced that it will start producing naphtha by adding plastic waste pyrolysis oil into the process of refining crude oil, as reported by Korea Economic Daily on November 18. The enterprise plans to supply the naphtha, which...
China will set up a special relending facility worth RMB200bn (USD31.35bn) to support the clean and effective use of coal, as announced at an executive meeting of the State Council on November 17, according to its official website on the next day. Specifically, banks with...
The Common Ground Taxonomy (CGT), a comparative study of the green taxonomies of China and the EU, was published by the International Platform on Sustainable Finance (IPSF) on November 4 at the COP26. The CGT’s mission was to comprehensively assess existing taxonomies and identify commonalities...
South Korean conglomerate SK Group’s construction subsidiary, SK Ecoplant, plans for a combined investment of KRW459.5bn (USD388.6m) to acquire a 31.83% stake in Sam Kang M&T [100090:KS] and the target company’s KRW116.9bn worth of convertible bonds to be issued, as reported by Korea Economic Daily...
China and the US announced the US-China Joint Glasgow Declaration on Enhancing Climate Action in the 2020s on November 10 at the COP26 climate summit in Glasgow, as reported by Reuters on the same day. Following the official announcement, the two countries planned to establish...
Beijing-Shanghai High Speed Railway [601816:CH] published its first ESG report for FY20 on November 15, as reported by XinhuaNet on the same day. It is the first time for the company to disclose its ESG policies and performances, strictly following the nationally-recognized standards and the...
Singapore state-owned investor Temasek on November 15 launched a new company called the Asia Sustainable Food Platform, aiming to commercialize alternative protein technologies and popularize sustainable food across Asia, as reported by The Strait Times on the same day. Specifically, the new platform will provide...
The South Korean government has announced a plan to introduce hydrogen and ammonia in the fuel mix for thermal power generation, as reported by the Korea Herald on November 16. The country’s Ministry of Trade, Industry, and Energy has also established a council to lead...
Hyundai Motor Group’s construction subsidiary, Hyundai Engineering, is bidding for a South Korean waste treatment company owned by KG Group, namely KG Eco Technology Services (KG ETS), as reported by the Korea Economic Daily on November 16, citing people familiar with the matter. Other bidders...
South Korean steelmaking giant POSCO [PKX:US] announced on November 15 in a regular board meeting that the company will ramp up its production of non-grain-oriented electric steel sheet metal by four times, an important material for traction motors of electric vehicles (EV), as reported by...
Indonesia has formed a new regulation, called the Economic Value of Carbon, to establish a carbon trading market mechanism, as reported by Reuters on November 15. The country’s environment ministry affirmed it, though the government has yet made the new regulation public. The carbon trading...
Japanese automaker Toyota [7203:JP] claimed to collaborate with four domestic peers on the development of alternative green fuels for traditional cars with internal combustion engines, as reported by Reuters on November 13. The four other automobile companies are Mazda Motor [7261:JP], Subaru [7270:JP], Yamaha Motor...
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