Topic

Business of climate changei

The business of climate change forms a core part of SCMP’s climate change coverage. Key topics covered include the policy drivers, financing and business case for the commercialisation of low carbon energy technology and solutions – ranging from green hydrogen to wind, solar and nuclear energy – and carbon removal technologies such as afforestation and carbon capture, utilisation and storage. Sustainable consumption of products that reduce the carbon footprint of supply chains are also featured regularly, spanning topics such as upcycling and recycling of textiles, food wastes and packaging materials.

Advertisement
  • Hong Kong can ‘position ourselves as the hub for sustainable investments’, finance chief tells Earth Day forum
  • Need more guidance on definitions, examples and very clear deadlines to address transition risks: SynTao Green Finance International’s Stan Ho

The ISSB, a sustainability-reporting standard-setting body, will vote this week to add biodiversity-related disclosures to its work plan, paving the way for such standards to become the global baseline.

Study finds groundwater changes and building weight appear linked to subsidence; a quarter of China’s coastal land will sink below sea level within a century.

videocam
Advertisement
Advertisement

Ampace is betting on a boom in home energy storage systems and the ‘batterification’ of tools and electronic devices as it aims to solidify an already dominant position in a part of the market away from electric cars and smartphones.

videocam

Energy-related trade between China and the Middle East is likely to increase significantly and reshape the sector globally in the wake of the Saudi-Iran peace deal brokered by China last year, according to Swiss bank UBS.

videocam

Hong Kong is building an arsenal to assist the world with raising funds for managing losses from natural disasters, the Insurance Authority said. It is discovering more issuers, investors and data, as well as cultivating its modelling capabilities and talent.

videocam

At the Harvard College China Forum, participants said existential threats such as global warming cannot be solved unless the two countries move beyond their mutual distrust.

All financial institutions licensed by the SFC should be required to submit ESG reports for the development of a comprehensive ecosystem of sustainability disclosures, City University of Hong Kong says.

China accounted for two-thirds of the coal-burning power capacity that came online last year, according to Global Energy Monitor, which ‘starkly contrasts with the global trend, putting China’s 2025 climate targets at risk’.

videocam

An anti-subsidies investigation into Chinese wind turbine manufacturers by the EU could saddle the bloc’s renewable project developers with high costs and slow down their decarbonisation efforts, analysts say. The impact on Chinese firms could be limited.

New-energy vehicles will make up about half of new car sales in China by 2030, as state incentives and expanding charging stations win over more customers, Moody’s Investors Service says.

videocam

The global drinks giant said all 500ml bottles for Coca-Cola Original, Coca-Cola No Sugar and Coca-Cola Plus in Hong Kong have shifted to recycled polyethylene terephthalate (rPET), the first such use of the material in China.

videocam

Speaking in Paris to Chinese makers of electric vehicles and lithium batteries, commerce chief Wang Wentao vows Beijing will ‘fully support and defend’ their rights as Western pressure mounts.

videocam

Hong Kong needs more innovative and automated solutions on top of government incentives to help its under-utilised, money-losing sustainability efforts.

videocam

The Chinese stock market is poised to see the emergence of shareholder resolutions on ESG issues next year, as incoming corporate governance reforms start allowing many more minority owners to present proposals for voting, a stewardship expert says.

Climate mitigation and adaptation projects that ‘stand on their own’ appeal to more mainstream investors, one financier says, especially after controversies that dented confidence in voluntary carbon credits.

EnerVenue, a rechargeable batteries start-up co-founded by the family office of tycoon Peter Lee Ka-kit, aims to build factories in the US and China to commercialise an old technology deployed in outer space for use on Earth.

videocam

Brazil will host the COP30 United Nations climate talks in Belem in the Amazon rainforest in 2025, and hopes the summit will boost its eco-tourism credentials and show it has more than beaches to offer.

China wants to ditch old equipment and products for new ones to boost its economy, and this campaign can help its green-transformation drive, if done right, climate experts and green enterprises say.

Epago Technologies, which makes ‘new-generation electrodes’ for hydrogen fuel cell batteries, aims to use the city’s innovation, policy, and geographical advantages as a springboard to access bigger markets in mainland China and Europe.

videocam

There is a growing need for advanced climate modelling and risk-assessment analytics for better disaster preparedness, as well as planning to reduce risk, protect lives and promote resilience, according to Aon.