(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
Chinese researchers have successfully detonated a hydrogen-based explosive device in a controlled field test, triggering devastating chemical chain reactions without using any nuclear materials, according to a study published last month. The 2kg (4.4lbs) bomb generated a fireball exceeding 1,000 degrees Celsius (1,832 degrees Fahrenheit) for more than two seconds – 15 times longer than…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
China’s leadership in green tech was well established before Donald Trump returned to the White House and halted his predecessor’s efforts to reassert dominance in the sector. By 2022, China had secured global markets for solar photovoltaic exports, battery storage, wind power components and electric vehicles. Through deliberate industrial policies, it drove an 80 per…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…
LOS ANGELES (AP) — What was once the world’s largest solar power plant of its type appears headed for closure just 11 years after opening, under pressure from cheaper green energy sources. Meanwhile, environmentalists continue to blame the Mojave Desert plant for killing thousands of birds and tortoises. The Ivanpah solar power plant formally opened…
China has approved the construction of a colossal hydropower project on Tibet’s longest river that could generate three times more energy than the Three Gorges Dam, state news agency Xinhua reported on Wednesday. Total investment in the dam could exceed 1 trillion yuan (US$137 billion), which would dwarf any other single infrastructure project on the…
(Bloomberg) — China and Japan agreed that Beijing’s top diplomat should visit in 2025, adding to the signs the two nations are repairing ties that have been strained in recent years. Chinese Foreign Minister Wang Yi would make the trip at the earliest appropriate date, the Foreign Ministry in Tokyo said in a statement Wednesday….
The world is entranced by electric vehicles (EVs), but people’s interest in the clean energy machines may have little to do with global warming, according to the latest Google Trends data. And one environmental expert has put the shift down to the politicisation of climate change. Google Trends data from August showed that online searches…
Highlights of some of the Green Initiatives, that cover over 8000 kilometres, via the Policy Research Center for Environment and Economy of the Ministry of Ecology and Environment. Highlights of some of the Green Initiatives, that cover over 8000 kilometres, via the Policy Research Center for Environment and Economy of the Ministry of Ecology and…