(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…
“Hongkong Electric and a green group have teamed up to explore the feasibility of wind-generated electricity in the SAR,” reported the South China Morning Post on December 27, 2000. “The power company has commissioned the Friends of the Earth to conduct a $1 million exploratory project on wind power. “They hope to produce a ‘wind…
In less than three weeks, President Trump has thrown the U.S. clean energy industry into chaos, with much of the economic damage hitting Republican states and districts. In a quest to eliminate any funding linked to climate change, the Trump administration has frozen federal grants for everything from battery factories to electric school buses and…
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…
The Senate confirmed Chris Wright to lead the U.S. Department of Energy on Monday, putting the former oil executive in a key position to help shape President Trump’s energy policies. Mr. Wright, the founder and chief executive of Liberty Energy, a fracking firm, was confirmed by a vote of 59 to 38, with support from…
(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….
Most Hongkongers support prioritising the development of local renewable energy, a survey by a leading environmental group and a city university has found, with more than half of respondents expressing reservations about importing electricity from mainland China. Results of the survey, jointly conducted by Greenpeace Hong Kong and Baptist University, were released after the UN’s…
The fiercest competition that you might not know about is being waged by Chinese wind power firms. Their battle to build increasingly larger and more powerful hurricane-proof wind turbines is raging on with no end in sight. State-owned manufacturer Dongfang Electric Corporation has temporarily jumped into the lead after unveiling a massive, record-setting 26-megawatt offshore…
(Bloomberg) — A lack of green offices is posing a fresh risk to Hong Kong’s beleaguered property sector amid a slump that’s already wiped billions of dollars from real estate values. Faced with record vacancy rates and dwindling revenues, developers are reluctant to invest in expensive building upgrades to boost climate credentials and are as…