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.

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  • France is Xpeng’s tenth European market and comes after launches in Spain and Portugal last month
  • The company will market the G9 and G6 premium battery-powered SUVs and will also set up a sales and service network with local distributors
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The world’s largest double-decker bus maker, Alexander Dennis, said electrification is the future for Hong Kong’s bus fleet and hopes to roll out more battery-powered models for the city to meet its decarbonisation goals.

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Facilities capable of producing 70,000 to 100,000 tonnes of green methanol from leftover food will be ready by the end of 2025, Shi Pingyang, vice-president of Shenergy, told reporters on Wednesday.

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A ChatGPT-led boom in artificial intelligence is expected to fuel an exponential growth in demand for liquid cooling technology from data centre operators, according to Macquarie Capital.

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A carbon trading system that promotes tighter supply and higher prices can induce China’s cement makers to undertake costly investment, Ian Riley of World Cement Association says.

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The International Chamber of Sustainable Development will also expand the accredited planner course, which more than 3,000 people have completed in Hong Kong, to Southeast Asia and the Middle East.

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US imports of used cooking oil more than tripled in 2023, with more than half coming from China, according to the US International Trade Commission.

The success of the station could have big implications for the industry, as the new technology is seen as a promising alternative to resource-dependent lithium batteries.

Two Chinese firms withdraw bids for Romanian photovoltaic park contracts after Brussels opens investigations under its foreign subsidies regulation.

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Hydrogen-powered trucks will cost less than their fossil fuel burning rivals by 2027 in China as Beijing’s enabling environment starts paying off, according to chairman and president of Refire Group, China’s top supplier of hydrogen fuel cell technologies.

The French firm has set a target of selling 15,000 EV chargers by 2026, a fivefold increase from the nearly 3,300 units it has installed in the city, senior executive Travis Kan says.

Hong Kong-based private equity firm and BP Ventures to invest US$10 million each in the latest funding round, helping Hysata to scale up its green hydrogen facilities in New South Wales.

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CK Infrastructure’s US$113.5 million purchase of UU Solar, its second acquisition of UK renewable-power assets in two weeks, includes 70 solar, wind and hydropower projects.

StarCharge, which provides charging equipment for electric vehicles, is focusing on efforts to grow its presence in more profitable markets outside mainland China, chief strategy officer Evan Feng says.

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China’s overseas vehicle shipments are set to grow at a clip this year, bolstered by surging sales in markets like Southeast Asia and the Middle East, as the country’s heft in manufacturing electric cars goes from strength to strength.

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The HKMA has issued a ‘green taxonomy’ framework to help banks and investors determine the sustainability of economic activities, the latest effort to boost the city’s standing as a green finance centre.

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Sustainable packaging firms have seen an increase in business as the recent ban on disposable plastic takeaway containers pushes the city’s food and drink companies to opt for environmentally-friendly alternatives.

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Readers weigh in on whether Hong Kong should consider adopting hydrogen-powered buses, the installation of more electric-vehicle charging points, and lessons from the Dubai floods.

China’s top three premium EV makers posted mixed sales last month, as companies remain entrenched in a price war in the world’s largest car market that shows no signs of ending.

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City must encourage retrofitting or replacement of old ‘carbon-hog’ buildings and accelerate adoption of construction materials with lower ‘embodied’ carbon, says World Green Building Council founder David Gottfried.

G7 ministers said on Tuesday that efforts to raise money to help poorer countries adapt to climate change should include countries “capable of contributing”, in a message aimed at China.

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Oil consumption in China’s transport sector will peak next year ‘at the latest’ as rapid adoption of electric vehicles (EVs) pulls the plug on petrol consumption, according to the nation’s largest oil and gas producer.

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‘Private firms are obviously looking at the torch that is potentially coming for themselves,’ when it comes to declaring emissions goals, says Net Zero Tracker project leader