South Korea’s private equity company STIC Investment plans to sell local leading biodiesel material maker Daekyung O&T, with BofA Securities as the underwriter, as reported by the Korean Economic Daily on October 29. South Korean major refiners like SK Innovation [096770:KS], S-Oil Corporation [010950:KS], and...
India’s prime minister Narendra Modi made an announcement that India will reach net-zero carbon emissions by 2070 at the UN COP26 climate summit on November 1, as reported by Reuters on the same day. The prime minister also announced short-term targets for decarbonizing the country....
The Green Infra Wind Energy, a subsidiary of Sembcorp Industries [SCI:SP], won a contract of an Indian wind power project with a total capacity of 180 megawatts (MW) in a concluded auction on October 22, as reported by the Economic Times on the same day....
The Australian government announced its commitment to achieving the goal of net-zero carbon emissions by 2050 but put no effort in establishing any legislation to step towards the goal, according to PV-tech on October 26. The Prime Minister of Australia Scott Morrison also stated that...
More than 20 firms based in Shenzhen vowed not to violate user privacy and promote healthy and sustainable development of the internet industry at a conference on October 22, according to South China Morning Post (SCMP) on the same day. Those companies include Tencent [0700:HK],...
For almost three decades, the United Nations has brought together nearly every country on the planet for an annual global climate summit, called the Conference of the Parties (COP). This November, the world will intently watch the COP26 summit, which runs from October 31 to...
Singapore’s Minister for Trade and Industry Gan Kim Yong at the opening of the 14th Singapore International Energy Week on October 25 said that the country plans to import low-carbon electricity to fulfill 30% of the country’s electricity needs by 2035, equivalent to up to...
The Cabinet of Japan’s government passed the sixth Strategic Energy Plan on October 22, which planned to increase the national target for renewable energy, including hydropower, in the country's power mix to between 36% to 38% by 2030, as reported by Reuters on the same...
Foxconn [2354:TT] held preliminary talks with Indonesia regarding building an electric vehicle (EV) manufacturing factory in the country, as reported by Sina on October 25. Indonesia’s Investment Coordinating Board (BKPM) claimed that Foxconn planned to develop its EV and battery businesses in the country, while...
Automaker Stellantis N.V. [STLA:US] and South Korean battery maker Samsung SDI [006400:KS] reached a preliminary agreement to set up a joint venture (JV) in the US to produce battery cells and modules for electric vehicles (EVs), as reported by Reuters on October 22. The two...
The UN Biodiversity Conference, also known as COP15, closed on a note on October 15 and brought a joint commitment and pledges of funding to help countries take action, according to the South China Morning Post on the same day. During the COP15, 195 participating...
Part 1 mainly discussed the background of carbon accounting and the calculation approaches of physical carbon accounting. In this part, the article will continue the topic of carbon accounting from the disclosure and financed emission perspective. Carbon accounting information disclosure methods can be divided into disclosures...
Japanese automaker Toyota [7203:JP] announced to spend USD1.3bn on building its first battery manufacturing plant for the power of new energy vehicles (NEVs) in the US, as reported by Bloomberg on October 18. This is part of the Japanese company’s US battery investment plan, aiming...
Tokio Marine and Nichido Fire Insurance, Japan’s major insurance provider, is set to launch a new service to calculate companies’ financial risks from environmental regulations abroad, as reported by Nikkei on October 19. Tokio Marine will partner with UK risk analytics firm Risilience, which specializes...
India is expected to update its climate targets, also known as nationally determined contributions (NDCs), under the Paris Agreement at the upcoming 2021 UN Climate Change Conference (COP26), opening on October 31, as reported by Economic Times on October 18. According to sources familiar with...
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