Tata Steel presents results, hints towards 2045 net zero
The Indian steelmaker has already presented net zero targets for its UK and Dutch operations, but has yet to set a global target.
Climate Action 100+ publishes updated Asia investor guide
It will provide practical guidance on the actions companies might take (and which investors might encourage) to meet the expectations of the alliance.
Mitsui launches first marketplace for international offsets
Mitsui subsidiary e-dash and US-based Patch have launched Japan’s first international offset marketplace to first tap into California projects.
Temasek increases internal carbon price to $50/t CO2
Singapore’s state investment company Temasek will increase its internal carbon price from $42/t of CO2 to $50/t CO2 this year with plans to raise it to $100/t CO2 by the…
India may launch a carbon trade platform by August 15
Prime Minister Narendra Modi may launch a national carbon trading platform on 15 August with cement, steel, thermal plants and fertilizers in focus.
China releases plan for industry emissions to peak by 2030
The steel, building materials, petrochemicals, metals, consumer goods, equipment manufacturing and electronics sectors are supported by the plan.
Hainan’s blue carbon trading platform launch nears
The island province's government is developing its first projects as it plans to launch a purely ocean and marine-based exchange later this year.
Singapore telecom operator M1 commits to SBTi targets
M1 has committed to reducing its absolute Scope 1 and 2 GHG emissions by 46% and its upstream Scope 3 GHG emissions by 42% by 2030.
Toyota plans to invest $1.8Bn in Indonesia to produce EVs
The move follows earlier announcements by Hyundai, LG and Mitsubishi, with the government hoping to make Indonesia a major electric vehicle (EV) hub.
AES to build $13Bn, 4-GW offshore wind project in Vietnam
The announcement would put Vietnam closer to its goal of 11.7 GW of offshore wind capacity by 2030 and 66 GW by 2045, up from 4 GW today.
Pakistan aims for 60% renewable energy by 2030
The country stressed its solar and wind power potential of over 40,000 MW and included an ambitious target of 30% of electric vehicles on the road by 2030.
Malaysia releases framework for net-zero transition
The Malaysian Securities Commission set a Sustainable and Responsible Investment-linked Sukuk framework to help companies’ reach net-zero.
Vietnam signs on national climate change strategy to 2050
The country aims to lower its GHG emissions by 43.5% by 2030 and reach peak carbon emissions in 2035.
SK Group invests $19Bn towards US energy, batteries
The Korean conglomerate will invest $14Bn in two gigafactories in Kentucky and Tennessee along with Ford and $5Bn in hydrogen, battery materials.
ANA outlines plans to achieve net zero by 2050
Japan's All Nippon Airways (ANA) will invest in sustainable aviation fuels (SAF), with a 10% SAF target for 2030 and “almost all” in 2050.
Japan releases first ESG code of conduct in the world
The Code of conduct released by the Financial Services Agency includes recommendations on quality of ESG evaluations by data providers.
Japan steel industry lays out $72bn transition roadmap
Nippon Steel, Kobe Steel, JFE Steel among others have unveiled a timeline through 2030 for transitioning operations to hydrogen and electric furnaces.
China announces price benchmark, standards for offsets
The Shanghai Environment and Energy Exchange (SEEE) is drafting a first carbon price index and standards to assess corporate carbon credits.
Vietnamese EV-maker VinFast raises $4Bn for US expansion
VinFast signed financing agreements with Credit Suisse and Citigroup for the development of its US activities, including a new plant in North Carolina.
Shenzhen to hold carbon allowance auction in early August
The government is set to auction 600,000 allowances under its pilot emissions trading scheme at a price well below market levels
Climate Action 100+ publishes updated Asia investor guide
It will provide practical guidance on the actions companies might take (and which investors might encourage) to meet the expectations of the alliance.
Indonesian islanders sue Holcim over climate damage
The complaint was lodged on Monday in Zug, Switzerland, and echoes the lawsuit filed by Peruvian farmers against German utility RWE in 2015.
Yum China releases first TCFD report
The report follows Yum China’s commitment to net zero across its value chain by 2050, announced in 2021.
Hong Kong’s exchange launches global carbon market
Members of the new 'International Carbon Market Council’ include ANZ, Bank of China, ICBC, HSBC, Standard Chartered, Cathay Pacific, Tencent.
QatarEnergy to eliminate methane footprint by 2030
QatarEnergy joins the 12 member companies of the Oil & Gas Climate Initiative (OGCI) in a bid to achieve near-zero methane emissions by 2030.
China to cut industrial energy intensity by 13.5% by 2025
The country aims to introduce new technologies, standards, and financial services to reach goal, according to a new action plan.
China urges US to fulfil climate duties after Supreme Court ruling
The United States must meet its international obligations on climate change and do more than "shout slogans", China's foreign ministry spokesman Zhao Lijian said following a US Supreme Court ruling…
Singapore begins importing renewable energy from Laos
Singapore started importing renewable energy from Laos through Thailand and Malaysia using a two-year power purchase agreement.
Thailand’s Bangchak Group sets 2050 net-zero goal
The oil & gas firm's “BCP NET” plan to achieve net-zero by 2050 integrates with Thailand's plan to become net-zero by 2065.
Japanese shareholders push for tougher climate goals
Proposals calling for information and tougher goals have been submitted by individual investors and foreign asset managers for the first time ever.
India’s Flipkart commits to net-zero by 2040
E-commerce major Flipkart Group has committed to achieving net-zero on scopes 1 and 2 by 2030, including scope 3 in its 2040 target.