Xuzhou Construction Machinery Group aims to triple its sales of battery- and hydrogen-powered heavy machines to 30 per cent of total revenue in the next four years, as state decarbonisation policies and lower operating costs drive adoption.

At the Bund Summit in Shanghai on Saturday, HKEX chairwoman Laura Cha said the Hong Kong bourse will ensure that its climate-related disclosure rules are in line with the highest international standards.

EDPR is expanding in the Asia-Pacific region as it shifts focus from distributed solar installations in Europe to large projects that need land space.

Beijing’s pledge to phase down coal use starting in 2026 appears to be in jeopardy amid a building spree for new coal-fired plants, energy analysts say.

Company hopes to expand to other types of private light buses, urges government to unveil change road map.

The world is heading for 2.5 degrees Celsius warming by 2100 and needs to increase total investments by 50 per cent to decarbonise the energy sector to be able to limit global warming to below 1.5 degrees Celsius under the Paris Agreement, a new report said.

The buildings and construction sector must cut emissions massively, according to a new report by UNEP and the Yale Center for Ecosystems and Architecture.

Hong Kong’s largest shipping fuel supplier has achieved a first for China by refuelling an ocean-going vessel using a climate-friendly marine biofuel mix. It must continue its search for other affordable long-term alternatives, says a senior executive.

Energy-saving situation ‘very serious’ for Hubei, Shaanxi, Gansu and Qinghai, which are failing to keep up with goals under 14th five-year plan, National Development and Reform Commission says.

California signed its most recent pact with the Chinese province of Hainan in August, including academic cooperation on air pollution, carbon neutrality and zero-emission vehicles.

The share of energy sourced from renewables and other low-carbon solutions in the global energy supply must rise four to six fold by 2050. This is imperative for reaching the Paris Agreement’s goal of limiting global warming to 1.5 degrees Celsius.

International efforts to reduce greenhouse gas emissions from the food sector are falling well below what is needed for the world to achieve its climate goals, according to the head of The Nature Conservancy.

Two Hong Kong-based and Asia-focused carbon registries launched recently will help to lower barriers for the trading of credits claimed by greenhouse gas emissions reduction projects in the region, their founders say.

While most of the planet’s 20 largest economies managed to reduce the amount of carbon dioxide they churn out by using coal to generate electricity, China emitted 3.10 tonnes per head of population last year, up 30 per cent from 2.38 tonnes in 2015, the report found.

IEA head Fatih Birol said: ‘I very much hope that in the COP28 coming through, US and China … would leave aside their tensions – geopolitical and economic.’

Companies on the S&P 500 produce just 3.4 per cent of their revenue from clean-energy sources, roughly half as much as companies on the Shanghai Composite Index.

The Glasgow Financial Alliance for Net Zero will collaborate with institutions on net zero efforts, with the Hong Kong Monetary Authority’s CEO and the Hong Kong Green Finance Association’s chairman advising.

Most new projects are in areas that do not lack generating capacity, says report from Global Energy Monitor and Centre for Research on Energy and Clean Air.

The China National Nuclear Corporation said it has generated a plasma current of more than 1 million amps for the first time.

As the number of EV surges globally, there are increasing discussions about whether these cars are truly environmentally friendly, given the substantial carbon emissions generated during their production and in power grids used to charge their batteries.

China’s central government will direct part of its budget to pilot projects featuring advanced green and low-carbon technologies to support the country’s 2060 carbon-neutral goal, boost its weak economy and gain a competitive edge in the global green tech market, authorities said on Wednesday.

Local governments have jumped on the bandwagon, rolling out plans to develop the industry after Beijing released its first ever national hydrogen strategy last March. However, the planned quantities far exceed the national target.

CNOOC plans to accelerate the integration of its new energy and oil and gas business after first-half net profit fell 11.3 per cent to US$8.7 billion due to declining crude prices.

China will set up a recycling system for ageing solar panels and wind turbines in an effort to tackle millions of tonnes of equipment slated for retirement in the coming years.

China will dominate the global green tech industry well into the 2030s even as developed nations introduce policies to promote their domestic supply chains, according to analysts.

The HSBC GBA Sustainability Fund, which aims to support companies in the Greater Bay Area in lowering their carbon emissions, has been increased from an initial US$5 billion to US$9 billion.