Indian multinational car manufacturing business Mahindra & Mahindra (M&M) [MM:IN] is open to investing in a battery-cell company to safeguard its future battery supply, as reported by Reuters on July 11. Anish Shah, CEO of M&M, stated that the business may explore such an investment...
South Korea’s Ministry of Trade, Industry, and Energy (MOTIE) announced a plan to raise the share of nuclear power in the country’s energy mix to over 30% by 2030 from 27% in 2021, as reported by Bloomberg on July 5. Specifically, South Korea will build...
The Hong Kong Monetary Authority (HKMA) has announced plans to integrate climate risks into its supervisory processes, as reported by Responsible Investor on July 4. The HKMA will include climate risk management as a permanent item of prudential meetings with bank management over the next...
The World Bank has approved USD165m in additional financing to support India’s residential sector to deploy rooftop solar systems and make solar energy more affordable, as reported by PV Tech on July 4. The funding is expected to reduce 13.9m tons of greenhouse gas emissions...
South Korean cable manufacturer LS Cable & System [229640:KS] will launch an online platform called On Drum to recycle wooden cable drums, as reported by the Korea Economic Daily on July 4. Wooden cable drums used for cable storage and transportation are typically discarded after...
India has banned the use, sale, import, manufacturing, and processing of single-use plastic goods across the country to minimize plastic waste and pollution, as reported by Reuters on July 1. Prohibited goods include plastic cups, straws, cutlery, earbuds, and others, while plastic bags are exempt...
The National University of Singapore (NUS) has set up the Center for Hydrogen Innovations, a research institute aimed at making hydrogen a commercially viable clean fuel to meet Singapore’s energy needs, as reported by Strait Times on July 4. The center has received a total...
Singapore’s Energy Market Authority (EMA) issued the second Request for Proposal (RFP2) on July 1, calling for proposals to export electricity to Singapore from renewable energy sources, as reported by Strait Times on the same day. Under RFP2, interested participants could submit non-binding proposals to...
Australia will invest AUD5.8m (USD3.98m) in a three-year partnership with India to develop critical metals such as lithium and cobalt for electric vehicles (EVs), as reported by Reuters on July 4. The Critical Minerals Facilitation Office of Australia (CMFO) negotiated an agreement with India's critical...
China’s largest lithium salt producer Ganfeng Lithium [002460:CH] is under investigation by China Securities Regulatory Commission (CSRC) for suspected insider trading, as reported by South China Morning Post on July 4. Ganfeng Lithium Chairman Li Liangbin admitted that the company was under scrutiny mostly because...
Japanese trading house Mitsui [8031:JP] has signed a memorandum of understanding (MoU) with Malaysian state-owned oil and gas company Petronas [PTG:MK] to jointly study the feasibility of storing industrial carbon emissions off the coast of the Malay Peninsula, as reported by Nikkei Asia on June...
The global rise of ESG investments in recent years has brought increasing greenwashing behaviors from investment product providers. Greenwashing is known as a cheating practice in which companies exaggerate their environmentally friendly approaches to gain more benefits. The phenomenon becomes more and more common as...
Japanese trading house Mitsubishi [8058:JP] will start selling renewable electricity certificates (RECs) for buyers to offset the emissions from their power consumption, with Japanese electronic components producer Murata Manufacturing [6981:JP] as the first buyer, as reported by Nikkei Asia on June 24. To generate and...
Singapore has started importing renewable energy from Laos via Thailand and Malaysia, marking the first renewable energy import into Singapore, as reported by Strait Times on June 23. Specifically, Lao stated-owned power supplier Electricite Du Laos (EDL) will transmit up to 100 megawatts (MW) of...
Taiwan’s largest pension manager, the Bureau of Labor Funds (BLF), has commissioned the fund management arms of HSBC [HSBC:US] and Morgan Stanley [MS:US] to participate in running the first pension fund in Asia that is benchmarked with Paris Agreement-aligned climate indexes, as reported by Reuters...
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