Amazon founder Jeff Bezos’ £8.06 billion Earth fund for climate and biodiversity has halted funding for the Science Based Targets Initiative (SBTi), an international body that assesses whether companies are decarbonising in accordance with the Paris Climate Agreement. This development came as US President Donald Trump exited the Paris Agreement, sharply contradicting Bezos’ earlier climate…
Ecoceres, a spinoff from Hong Kong billionaire Lee Shau Kee’s gas supplier Towngas, makes environmentally-friendly jet fuel out of animal fat and used cooking oil. It has set its sights on becoming a leading producer of such fuel by the end of this year. As airlines around the world aim to mitigate their climate impact,…
Justin Yifu Lin, former chief economist and senior vice-president of the World Bank, attends a press conference during the 18th Asian Financial Forum at the Hong Kong Convention and Exhibition Centre in Wan Chai on Jan 13, 2025. (ADAM LAM / CHINA DAILY) Hong Kong – When asked why he chose Hong Kong to be…
Record-Breaking Output: The dam will generate 300 billion kWh annually, tripling the capacity of the Three Gorges Dam. Strategic Role: Supports China’s carbon neutrality goals and drives economic growth in Tibet. Regional Concerns: India and Bangladesh fear ecological and water flow disruptions downstream. What’s happening: China has greenlit the construction of the world’s largest hydropower…
Launch of Basic Standards: China introduces Basic Standards for corporate sustainability disclosures, aligning with global ESG frameworks. Full implementation is set for 2030. Voluntary Phase: Enterprises can voluntarily adopt the standards before mandatory compliance requirements are finalized, providing flexibility for businesses. Focus on Investors and Credibility: Final standards prioritize transparency for investors and creditors, addressing…
Major SAF Purchase: HSBC Hong Kong commits to a one-time purchase of 3,400 metric tonnes of SAF from EcoCeres, reducing lifecycle carbon emissions by 11,800 metric tonnes. Decarbonization Leadership: The partnership supports Hong Kong’s aspiration as a regional SAF hub, aligning with government policies and corporate net-zero ambitions. EcoCeres Innovation: SAF derived from waste-based biomass…
Donald Trump’s return to the White House is forcing one of Wall Street’s more jargon-filled corners to rethink its talking points. Investment managers targeting climate change — a concept Trump has referred to as both a “scam” and a “hoax” — say it’s time to start speaking in terms that don’t alienate the millions of…
For many luxury shoppers, sustainability now rivals exclusivity and artisanal quality on the list of essential criteria when deciding which brands deserve their lucrative patronage. In addition, regulations in some jurisdictions mandate attention to environmental factors. As a result, sustainability is now both a requirement and an opportunity for luxury brands – a factor that…
$100B Investment Surge: Chinese firms have invested over $100 billion in overseas cleantech projects since 2023. Tariff Avoidance Strategy: Investments are aimed at bypassing tariffs imposed by the U.S., Canada, and the EU. Global Market Dominance: China controls a significant share of global production in electric vehicles, lithium batteries, and solar panels. Chinese companies have…