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.
Hong Kong raises $5.8Bn in its largest-ever green deal
Hong Kong sold the equivalent of US$5.8Bn in green bonds denominated in three currencies, with US$3Bn of US dollar bonds, a €1.25Bn euro two-tranche note, and a 10 billion offshore…
Japan introduces proposal for mandatory ESG disclosures
The enabling regulations of the Financial Instruments Exchange Act of Japan (FIEA) proposed the introduction of ESG-specific disclosures for public companies.
Taiwan central bank to incorporate climate change risks
Taiwan's central bank said it would begin incorporating climate change risks into its modelling and forecasts for inflation and economic growth.
Vietnam agrees $15.5Bn Just Energy Transition Partnership
The JETP will mobilise an initial $15.5Bn of public and private finance over the next 3 to 5 years, in a deal similar to the ones signed by South Africa…
Japan government funds research on seaweed, biochar
The New Energy and Industrial Technology Organisation is investing ¥15.9Bn ($116m) into the carbon sequestration potential boosting of various products.
South Korea to sell fewer carbon allowances in 2023
The government plans to cut the number of allowances sold by 20%, in an effort to reform the ETS amid oversupply.
China releases regulations draft for power market spot trading
The energy regulator lay out regulations for market-based electricity pricing, which will improve and strengthen the national emissions trading scheme (ETS).
China surprises with draft methane plan, follows US and Europe
China has drafted a plan to reduce methane emissions and the US has pledged to help, but the biggest emitters —coal mines and livestock—have yet to be addressed.
China issues emissions plan for non-ferrous metals industry
China laid out a plan to decarbonize the non-ferrous metals industry, reiterating the energy-intensive sector’s need to not exceed peak carbon emissions by 2030.
Japan postpones carbon tax as energy prices soar
Japan will put the introduction of a carbon emissions surcharge on hold, abandoning plans to include it in fiscal 2023 tax reform due to soaring energy costs
Chinese construction material emissions to peak by 2030
Four central government agencies announced the 2030 peaking date in a carbon-peaking plan specific to the construction materials industry
China to strengthen emissions standards and measurements
Beijing aims to establish a standards and measurement system for cutting GHG emissions, a lack of which was widely blamed for the country’s carbon market woes.
Indonesia seeks funding for 2030 FoLU net sink
The government has set a 2030 target for the Forestry and Land Use (FoLU) sector to become carbon positive, and is developing several budgeting strategies.
Singapore confirms 2050 net-zero target
The country is now aiming for an earlier, pre-2030 emissions peak, and has announced a 2045 net-zero target for the public sector.