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Chinese company to get 100 mln-USD ADB loan for waste-to-energy projects

China's SUS Environment Co., Ltd. on Monday signed an agreement with the Asian Development Bank (ADB) for a loan of 100 million U.S. dollars. The ADB loan will provide financing for the company's waste-to-energy (WTE) projects located in Taiyuan, the capital city of north China's Shanxi Province... An excerpt from XinhuaNET

Exclusive: United States sets sights on China in new electric vehicle push

U.S. government officials plan to meet with executives from automakers and lithium miners in early May as part of a first-of-its-kind effort to launch a national electric vehicle supply chain strategy, according to three sources familiar with the matter. “There’s a real opportunity in the electric vehicle supply chain if the United States wakes up,” said Jonathan Evans, president of...

Korea Global Adaptation Week to Chart a Path to a Climate-Resilient Future

world experts and leaders will meet next week at the Korea Global Adaptation Week in Songdo (8-12 April) to discuss ways to enhance adaptation to climate change. Hosted by the Ministry of Environment of the Republic of Korea, the Korea Global Adaptation Week is organized by UN Climate Change, the Korea Environment Institute (KEI), the Korea Adaptation Centre for Climate...

South Korea tests U.S. super light oil amid Iran waiver uncertainty – Reuters

South Korea has begun testing super-light U.S. oil sold by Anadarko Petroleum (APC +0.1%) as a substitute for Iranian crude, as it awaits word from the U.S. government on whether it can keep buying oil from Iran, Reuters reports.... An excerpt from Seeking Alpha

Pig farmers in the Jiwaka Province will benefit from a livestock traceability system using the blockchain technology, courtesy of the PNG E-Agriculture initiative. A pilot project was launched on...

Pig farmers in the Jiwaka Province will benefit from a livestock traceability system using the blockchain technology, courtesy of the PNG E-Agriculture initiative. A pilot project was launched on March 11 2019 at the Provincial Headquarters in Kurumul, followed by field deployment of the system involving interested pig farmers from the North and South Whagi districts.... An excerpt from PNG...

Industry key to Labor’s climate plan

The 250 biggest polluters must either cut their emissions or buy credits to offset any above a baseline level, and they would again be allowed to buy from international markets. But experts say it might be a moot point with Australian abatement among the cheapest globally, at about $15 a tonne. While it is not clear yet which international markets Australian...

China Shipbuilding Industry Company Limited (CSICL) to Trial Blockchain for Supply Chain Finances

A recent report from Chinese media outlet People’s Daily has confirmed that China Shipbuilding Industry Company Limited (CSICL) is going to experiment with blockchain technology to see if it can be used to finance their upstream suppliers. CSICL is a subsidiary of China Shipbuilding Industry Corporation (CSIC) which is one of the two biggest shipping conglomerates from China. CSICL is...

Woefully dirty’: government accused over Australia’s failure to cut vehicle emissions

Cuts to carbon emissions from vehicle efficiency standards have been left out of government projections for meeting Australia’s Paris climate commitments, indicating the policy has been shelved. The office of the transport minister, Michael McCormack, said the government had not made a decision on “how or when” standards to cut carbon pollution from vehicles might be implemented.... An excerpt from The...

UPDATE 1-China expects first trade in national emissions scheme in 2020

China expects to make the first trade on the long-awaited national emission trading scheme in 2020, a senior climate official said on Saturday, as part of Beijing’s efforts to fulfill its commitment to reducing greenhouse gas emission. “China will speed up construction of the national carbon trading scheme this year and aim to carry out the first trade among coal-fired...

Manufacturers Have Trouble Securing Carbon Credits Due to Sharp Decline in Trading

As no carbon emission permits have been put up for sale for a while despite high prices, there has been no emission permit transaction in the market. As a result, companies which have failed to secure carbon credits are facing a crisis. They want to buy emission permits even with high prices, but they cannot get them and are...

China’s power industry calls for hundreds of new coal power plants by 2030

In its review of the government’s five-year-plan, China Electricity Council (CEC) – the influential industry body representing China’s power industry – recommended adopting a ‘cap’ for coal power capacity by 2030 — but the 1300GW limit proposed is 290GW higher than current capacity. The target is for the country’s coal-fired capacity to continue to grow until peaking in 2030. The...

China bucking global shift from coal-fired power: environmental study

China restarted construction on more than 50 gigawatts (GW) of suspended coal-fired power plants last year, bucking a global shift away from fossil fuels, a new study showed on Thursday. But satellite images show China “quietly resumed” construction in 2018 on dozens of previously shelved plants, making it a “glaring exception to the global decline”, said a joint report by...

Japan to rule out coal-fired plants as international criticism rises

The Environment Ministry said that in principle it will not sanction construction of new large coal-fired power plants nor boilers to existing facilities in line with Japan's international pledges to tackle global warming. The policy initiative, announced March 28 by Environment Minister Yoshiaki Harada, follows criticism that Japan is reluctant to break with such power generation, particularly after the 2011...

ETS revamp: averaging accounting for forests

Forestry Minister Shane Jones and Climate Change Minister James Shaw have today announced a second set of changes to the Emission Trading Scheme (ETS) as part of broader reforms to make the scheme fit-for-purpose. “The timing of this decision – as the 2019 planting season is about to get under way – is important for forest owners. They can now...

Emissions Trading announcement is incentive for farmers

Forest owners believe the just announced reform of the Emissions Trading Scheme will encourage farm foresters and hill country pastoral farmers to plant more trees. Farm Forestry Association Chair, Neil Cullen, says carbon average accounting, where a forester is not penalised for harvesting so long as they replant, will encourage farmers to plant out land in forests, without a concern...

EDF Buys Into Two Chinese Offshore Wind Projects

French energy company EDF has signed an agreement with the Chinese utility China Energy Investment Corporation (CEI) to jointly deliver two offshore wind power projects in China. The Dongtai IV and V offshore wind farms account for a total installed capacity of 500MW and will be the EDF Group’s first offshore projects in China. With 3.8GW of offshore wind capacity already...

Seoul To Plant 30 Million Trees By 2022 To Fight Fine Dust

A total of 30 million trees will be planted in Seoul by 2022 and two large forests will be formed as part of efforts to mitigate worsening air pollution and urban heat, the Seoul Metropolitan Government announced Tuesday. A total of 480 billion won will be spent on the project over the next four years.... An excerpt from Pacific.epeak

Yantai City will Focus on Blockchain and other Key Areas to Build National Digital Agriculture Pioneer

According to the local media Yantai Finance and Economics Online, in its Five-Year Plan of Digital Shandong Development Planning 2018-2020, the municipal government of Yantai, a port city of China’s Shandong province, proposed that the city will follow four strategies—leading by core industries, developing cutting-edge and emerging industries, laying key foundations and creating high-end advantages.... An excerpt from Chaindd

Australian faces free trade agreement pressure to cut emissions

Australia is set to come under increased pressure on climate change this year after French officials insisted the Morrison government's carbon emissions targets are not ambitious enough to fully comply with the Paris agreement. The French officials' comments come at a sensitive time because Australia is currently negotiating a free trade agreement with the European Union, which EU negotiator Helena...

KOSPO to Participate in US$1 Bil. LNG Project in U.S.

Korea Southern Power Co. (KOSPO), a subsidiary of Korea Electric Power Corp. (KEPCO), will participate in a U.S. liquefied natural gas (LNG) project worth 1.19 trillion won (US$1.07 billion).... An excerpt from BusinessKorea

Out of line’: top Australian companies accused of undermining Paris deal

New analysis shows 22 of Australia’s largest companies are actively working to undermine the Paris agreement targets, betting shareholders’ money on strategies that assume global climate change action fails. Investor action group Market Forces says those companies – worth a combined $121bn and representing 7% of the ASX300 – are “out of line and out of time” and has called...

[Australia] Labor edges away from using Kyoto credits to reach Paris target

Bill Shorten has signalled Labor is highly unlikely to use carryover credits from the Kyoto protocol as part of its climate change policy, which will be unveiled over the coming weeks. Labor has already released its policy for reducing emissions in the electricity sector. Shortly the opposition will unveil the rest of its policy measures, expected to include a trading...

Italy signs deals worth 2.5 bln euros with China; Energy, infra in focus

Around 30 parallel deals were signed on the sidelines of the visit to Rome by Chinese President Xi Jinping, including 10 with Italian companies and others with ministries and public bodies. Italian Deputy Prime Minister Luigi Di Maio said the deals were worth an initial 2.5 billion euros ($2.8 billion) but had a potential value of 20 billion. CDP and Italian...

S. Korea to ‘wage war’ on fine dust pollution: Ban Ki-moon

Former UN Secretary-General Ban Ki-moon, who accepted the president's offer to run the new anti-pollution organization, said that despite concerns about taking the job he could not sit back and watch the Korean people suffocate. An excerpt from Arirang

China to cut coal from new green bond standards – sources

Two sources with direct knowledge of the situation say China's central bank, which regulates financial institution debt issuance and whose 2015 guidelines were adopted by other market regulators, has already revised the eligibility list. One of the people said the list is due to be published later this month. The People's Bank of China did not immediately respond to...

China completes new 70MW floating solar PV project on old coal area

French-based Ciel & Terre International has announced that its 70 MW floating solar power plant located on top of an old coal mining area in the province of Anhui, China, is now officially complete after several months of tests and monitoring. Built atop a former coal-mining area in the Yongqiao district, Suzhou city, the new project will primarily be used...

EDF Renewables strengthens its presence in distributed solar power in China with its partner Asia Clean Capital

EDF Renewables in China is acquiring a majority stake in a 77 MWp rooftop PV assets portfolio from Asia Clean Capital (ACC), one of China’s biggest firms in this segment, for local and multinational companies and industries. For the past year, ACC and EDF Renewables have been in partnership in the construction and operation of a shared B2B portfolio of...

Beyond China: A Look at Japanese Banks’ Addiction to Coal

Japan’s three largest banks, MUFG, Mizuho, and SMBC Group, are fueling a coal power boom in Japan and abroad. between 2016 and 2018, these three banks provided a combined $7.4 billion in loans and underwriting services to 30 top global coal power producers, including J-POWER and KEPCO. Research published in December 201810 also found that Mizuho, MUFG, and SMBC...

Carbon afforestation partnership announced

Air New Zealand, Contact Energy, Genesis Energy and Z Energy have today announced the formation of Dryland Carbon LLP (Drylandcarbon), a limited liability partnership that will see the four companies invest in the establishment of a geographically diversified forest portfolio to sequester carbon.... An excerpt from Woodweek

China’s State Development & Investment Corporation quits coal

China’s State Development & Investment Corporation (SDIC) has finalised its complete exit of the coal industry and will remove coal-related investments that have been one of its leading profit contributors. SDIC has US$1.46b of assets under management... An excerpt from AsianPower