Climate change Tag

19 Mar China’s steel sector could cut carbon emissions by more than 10% next year with faster shift to clean production: report

Posted at 02:00h in Asia

China’s steel sector could cut its greenhouse-gas emissions by over a tenth from current levels by next year if the country gets more ambitious about adopting cleaner production technology, according to US think tank Global Energy Monitor (GEM).The emissions reduction – roughly the same as...

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17 Mar From winning Prince William’s Earthshot prize to reviving corals in Abu Dhabi, Hong Kong start-ups add gloss to city’s greentech hub ambitions

Posted at 02:00h in Asia

Having started commercial production in April last year, Hung estimated that its maiden factory in Zhejiang province might have generated sales of about US$8 million last year, mainly from batteries for electric bikes.The firm, which is based in Hong Kong Science and Technology Parks (HKSTP),...

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11 Mar Hong Kong to host international sustainability summit as platform for companies to move beyond ‘empty talk’ on net zero

Posted at 01:30h in Asia

Hong Kong will be hosting an international sustainability summit this month to provide a platform for corporate leaders around the world to share their progress on reaching their climate goals as well as exchange best practices to achieve net-zero emissions.Set to take place on March...

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10 Mar Climate Change: Hong Kong energy giant CLP takes the nuclear option to hit decarbonisation targets

Posted at 02:00h in Asia

CLP Holdings, the larger of Hong Kong’s two power utilities, plans to increase its imports of nuclear power from mainland China as the electricity supplier seeks to achieve its greenhouse gas emissions goal for 2030 by increasing the share of clean energy in its product...

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02 Mar Opinion | Why stock market stars are at odds with real world’s investment needs

Posted at 08:30h in Asia

We should be asking much deeper questions now than simply about whether and when another stock market bubble burst might come. We should be re-examining the role of private and public sectors in allocating financial resources to the global economy. Failure to do this could...

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28 Feb Green finance: surge of climate-transition emerges from Asia’s governments to promote decarbonisation projects

Posted at 08:30h in Asia

Such guidance is necessary to promote lending for climate-transition plans. But the profusion of guidance from multiple governments is also a possible source of conflicting information.Hong Kong green fintech players must extend ties to sectors beyond finance“As a banker, I can tell you that you...

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27 Feb Hong Kong Green Week: banks urged to rethink and review funding criteria for energy transition projects

Posted at 06:58h in Asia

“So when we see a lot of more innovative technology projects with a very short operating history, it’s automatically [considered] high risk,” she said. “A lot of us are now trying to develop newer metrics that will help us to be more forward-looking and also...

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26 Feb Climate change: Hong Kong Monetary Authority to roll out risk assessment platform for banks, workforce training programmes

Posted at 23:00h in Asia

The Hong Kong Monetary Authority is expanding its role as a banking supervisor by addressing the pain points faced by the industry when managing climate risk, including setting up an online risk assessment platform and training the workforce.The authority has been developing the cloud-based physical...

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26 Feb Opinion | Why the Asia-Pacific needs Hong Kong’s help to fight climate change

Posted at 21:30h in Asia

Take clean energy as an example. To meet rising energy needs in ways that align with the Paris Agreement, annual public and private investment in clean energy in emerging and developing markets in Asia will need to nearly triple to as much as US$1.7 trillion...

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22 Feb Climate change: China at risk of missing its goals unless it takes drastic action to rein in coal expansion, new research finds

Posted at 00:00h in Asia

“Another year of rapidly rising emissions in 2023 leaves China way off track against its target of cutting carbon intensity by 18 per cent between 2021 and 2025,” said Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air (CREA). “As...

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