NTT, JERA plan USD 2.18 bn renewables acquisition
Nippon Telegraph & Telephone and Japan's largest power company, JERA, are nearing a deal to acquire Tokyo-based Green Power Investment for about 300 billion yen ($2.18 billion), according to Nikei.
China releases blue carbon guidelines
China this week released technical regulations and requirements for three types of blue carbon methodologies.
Mitsubishi, MUFG to launch USD 1bn decarbonisation fund
Mitsubishi and others will launch a decarbonisation fund with investment of a total of USD 1bn in startup companies.
South Korea to fund international emissions reduction projects
South Korea is calling for proposals for international demonstration projects in order to kickstart its participation in the Paris Agreement carbon market.
Greenpeace report highlights coal projects surge in China
China has approved a surge in coal power this year, prioritising energy supplies over its pledge to reduce emissions from fossil fuels, according to Greenpeace.
Hyundai to invest USD 18bn in EVs by 2030
South Korea’s Hyundai Motor Group announced on Tuesday that the conglomerate will invest $18 billion into its domestic electric vehicle (EV) manufacturing business.
HKEX proposes tougher climate and sustainability disclosures
Hong Kong’s bourse is proposing tougher climate and sustainability risks and opportunities disclosures by listed firms to keep up with international standards.
AirCarbon Exchange to work with Japan on local carbon market
The Natural Capital Credit Consortium (NCCC) of Japan has signed a MoU with AirCarbon Exchange (ACX) to further develop the country’s carbon ecosystem.
South Korea to disclose yearly emissions, support CO2 capture
South Korean Prime Minister Han Duck-soo said the country will monitor and disclose its emissions every year until 2030 and follow annual reduction targets.
Japan’s three megabanks to face votes on climate change
A coalition of climate groups are stepping up pressure on Japan’s top three banks to cut financing linked to fossil fuels.
Seoul eases 2030 emission reduction targets for industry
Under a new plan, the Korean industrial sector will be required to cut emissions by 11.4 % by 2030 from 2018 levels, compared to the 14.5% target set in late…
Yokogawa secures SBT certification for emission targets
The Japanese leader in industrial automation and control, test and measurement said its GHG emissions reduction targets for 2030 have been certified by the SBTi.
China asks EU to justify upcoming carbon tax at WTO
Beijing has long opposed the border tax, set to be implemented in October, saying it does not comply with global trading rules set by the World Trade Organisation.
TikTok owner ByteDance aims for operational net zero by 2030
The Beijing-based company aims to reduce operational emissions by at least 90% and source 100% of its electricity from renewable sources by 2030.
Japan hosts 1st ministerial to propel Asia-wide zero emissions
Japan, Australia and ASEAN nations gathered for a ministerial meeting on the reduction of carbon emissions in the region, under an initiative launched by Tokyo.
China strengthens role of courts in meeting carbon targets
China’s Supreme People’s Court issued the first judicial document to encourage and guide case handling on carbon emissions.
Ant Group gets Asia’s biggest ESG-linked loan in $6.5Bn deal
Ant Group converted a syndicated credit facility into a $6.5Bn sustainability-linked loan last year, the largest of its kind in Asia-Pacific.
Ant Group gets Asia’s biggest ESG-linked loan in $6.5Bn deal
Ant Group converted a syndicated credit facility into a $6.5Bn sustainability-linked loan last year, the largest of its kind in Asia-Pacific.
Japan approves decarbonisation plan laying ground for ETS
The 'GX Plan' will see the launch of the 'GX League' voluntary carbon market in 2023, with a fully-fledged ETS set to begin in phases between 2026 and 2033.
Taiwan passes 2050 net zero target into law
The 'Climate Change Response Act' codifies the island’s goal to reach net zero emissions by 2050 and includes key governance announcements.
Astellas commits to achieve net zero by 2050
The Japanese pharmaceutical company Astellas Pharma announced its commitment to reducing GHG emissions in its scopes 1, 2, and 3 by 90% by 2050.
China’s voluntary carbon market a step closer to relaunch
China has moved a step closer to rebooting its voluntary carbon market, the China Certified Emission Reduction (CCER) scheme, suspended in 2017.
LG unveils net zero goals in first group-wide report
LG Group, South Korea's fourth-largest conglomerate, became the first chaebol to release a groupwide report on emissions reduction.
South Korea accelerates deployment of new ETS by one year
The Climate and Carbon office now expects to finalise plans for the new ETS by the end of 2023, as part of a busy agenda just announced for this year.”
Japan extends J-Credit eligibility to international emissions
Japanese companies will be able to use the country-specific J-Credits to offset emissions from operations abroad from now on.
Longi invests $6.7Bn in world’s largest solar factory in China
The expansion project, costing 45.2Bn yuan ($6.7Bn) will give it a capability to produce 100 GW of solar wafers and 50 GW of solar cells per year.
Taiwan passes climate law with carbon levy, 2050 net zero goal
The act introduces a mechanism to collect carbon fees, starting in 2024, on an estimated 287 companies and entities with annual CO2 emissions of over 25,000t.
SK Group enhances cooperation with Mubadala over credits
The Korean chaebol signed a memorandum of understanding with the UAE sovereign wealth fund on the establishment of the Voluntary Carbon Market Asia Partnership.
ICMA and CCDC publish white paper on ESG Practices in China
The International Capital Markets Association (ICMA) and the China Central Depository & Clearing Co. (CCDC) published the paper detailing ESG developments.
Review recommends new integrity body for Australian credits
A review of Australia’s controversial carbon credit system has recommended significant changes to how it is managed.
Australian fracker fined for greenwashing with net zero claims
Black Mountain Energy, which plans hydraulic fracturing to export gas from Western Australia, has been fined for false and misleading claims it would achieve net zero.