Carbon Emission Tag

Australia's greenhouse gas emissions climbed by over 1% in 2021, representing a year-on-year increase of 4.1m tonnes in carbon dioxide equivalent, as reported by Reuters on June 27. According to the Australian government’s quarterly report, the country saw a 4% rise in transportation emissions, a 3.3% rise...

China’s leading supply chain service provider JD.com [JD:US] published its 2021 ESG report on May 24 aligning with recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) for the first time, as reported by JD Corporate Blog on the same day. In 2019, JD.com...

Taiwan-based Foxconn [2317:TT], the world’s largest contract electronics manufacturer, vowed to reduce emissions by 21% from 2020 levels before 2025, then by 63% before 2035, as reported by Nikkei Asia on April 23. On Earth Day, Foxconn announced a plan to have green energy account...

China’s Ministry of Ecology and Environment (MEE) accused four carbon data verification agencies of data fraud in their carbon emission reports on March 14, as reported by Reuters on the same day. One of the four accused agencies, Zhongtan Nengtou Tech, was charged with advising...

Singapore has priced its carbon tax at SGD25 (USD18.6) per ton for 2024 and 2025, a major increase from the 2019-2023 levels of SGD5 (USD3.71) per ton, as reported by Strait Times on February 18. According to Singapore’s FY22 Budget Statement, the carbon tax will...

The Korea Fair Trade Commission (KFTC), South Korea's antitrust regulator, will impose a KRW20.2bn (USD16.9m) fine on Mercedes-Benz [DAI:GR] and its local subsidiaries for fabricating gas emission data of diesel passenger vehicles, as reported by Reuters on February 7. To manipulate emission data during certification...

Singapore is evaluating its carbon tax level and will announce the revised rate for 2024 in its 2022 Budget on February 18, as reported by Straits Times on January 25. Singapore has set the carbon tax rate from 2019 to 2023 at SGD5 (USD3.71) per...

Japan aims to release a preliminary estimate for the country’s “green GDP” by the end of March 2022, as reported by Reuters on January 24. The Japanese government has been drafting the new economic indicator in this fiscal year, which considers the impact of carbon...

POSCO [5490:KS], the world’s fifth-largest steelmaker, plans to build two mini mills featuring low carbon emissions and high utilization rate by 2027, as reported by Korean Economic Daily on December 20. The two mini mills will use electric arc furnaces (EAF) to produce high-quality steel...

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