Insights

Hanwha Solutions [009830:KS], a South Korean energy service provider and petrochemical firm, has signed a deal with Summit Ridge Energy (SRE), the largest commercial solar company in the US, to supply 1.2 gigawatts (GW) of solar panels, as reported by the Korea Economic Daily on April 7. Under the agreement, Hanwha’s solar subsidiary, Hanwha Q...

The US Environmental Protection Agency (EPA) plans to release its most stringent new emission standards for cars and light trucks on April 12, as reported by CNN on April 8. Sources familiar with the matter indicate that the rules are intended to ensure that electric vehicles (EVs) make up 54% to 60% of all new cars sold in the US by 2030, and 64% to 67%...

The Net-Zero Asset Owner Alliance (NZAOA) has outlined a new guidance for members regarding their investment in the oil and gas sector, as reported by ESG Today on March 31. The guidance, named Position on the Oil and Gas Sector, underscores the Alliance’s recognition that unabated climate change poses significant economic...

The European Commission is seeking public feedback on its upcoming proposals, which include setting an emissions-reduction goal for the next decade and deciding the role of its carbon market, as reported by Bloomberg on April 1. These proposals aim to facilitate the EU’s climate goals of reducing carbon emissions by at least 55% from 1990 levels by 2030 and achieving net zero...

German automaker Volkswagen [VOW:GR] has vowed to boost electric car investment in China, its primary market, in response to three consecutive years of sales decline in the country, as reported by Reuters on April 1. Stefan Mecha, CEO of Volkswagen’s Chinese arm, announced the company’s plan to increase the number of...

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