Page 5 - John Yeap News Today

Japan strengthens 2030 emissions reduction target Out-Law News | 29 Apr 2021 | 8:29 am | 1 min. read Japan aims to cut emissions by 46% by 2030 from 2013, Japan’s prime minister Yoshihide Suga announced before a virtual climate summit of 40 world leaders hosted by US. It almost doubled its previous target of a 26% reduction from 2013 set in 2015. According to a Bloomberg report, Suga said Japan’s government would provide support to maximise “utilisation and investment in zero-c...

Lee Wei Lin (L), Kate Hodson, John Yeap Environmental, social and governance (ESG) has become an indispensable part of the corporate conversation. While it is a key component of long-term value and business resiliency; a strong ESG programme may help buffer the impacts of the current crisis, hasten recovery, spur innovation and reduce risks to additional crises in the future. And as lawyers become important participants in ESG planning, they are now bolstering their credentials in this regard....

China will continue belt and road cooperation with other parties, according to Chinese president Xi Jinping, speaking at the Boao Forum for Asia conference.

Mitsubishi withdraws from Vietnam coal plant due to climate concerns Out-Law News | 04 Mar 2021 | 1:27 am | 1 min. read Japan’s Mitsubishi Corporation has decided to withdraw from the 2 gigawatts (GW) Vinh Tan 3 coal-fired power plant project in the Binh Thuan province of Vietnam because of concerns about its climate impact. According to Reuters, in response to questions about Vinh Tan 3, a Mitsubishi spokesman said that Mitsubishi is committed to reducing its investment in coal pow...

Indonesia’s new sovereign wealth fund is exploring investing in several infrastructure projects including 24 toll road concessions worth $2.6 billion, according to Reuters.

Indonesia to merge three geothermal companies Out-Law News | 05 Mar 2021 | 2:25 am | 1 min. read Indonesia’s State-Owned Enterprises (SOEs) Ministry is planning to merge three state-owned geothermal companies to form a giant geothermal holding company for domestic green energy use. The three companies are PT Geo Dipa Energi, PT Pertamina Geothermal Energy (PGE) and PT PLN Gas and Geothermal (PLN GG). They have a combined installed geothermal capacity of 1.0225GW, nearly half of Indon...

Hong Kong government to issue $175.5bn green bonds in next five years Out-Law News | 26 Feb 2021 | 10:57 am | 1 min. read The Hong Kong government will issue green bonds worth $175.5 billion in the next five years, according to financial secretary Paul Chan of the government of Hong Kong Special Administrative Region of China (HKSAR). According to Chan’s 2021 budget, the government’s green bond programme will be scaled up and its borrowing ceiling will double to $200bn while green ...

Solar Philippines to build 2GW solar power project Out-Law News | 26 Feb 2021 | 11:09 am | 1 min. read Solar Philippines Biga Corporation is planning to build a 2 gigawatts (GW) solar plant, combining with 6GW battery energy storage system and 600 megawatts (MW) diesel backup in Nasugbu, Batangas, 115 kilometres south west of Metro Manila, Philippines. The firm has secured a solar service energy contract from Philippines’ energy department for exclusive right to explore, develop and...

The Philippines has set an aim to raise $23.71 billion from external funds to cover the budget deficit and finance infrastructure projects, according to its finance department (DOF).

Hong Kong government issues $2.5bn in green bonds Out-Law News | 04 Feb 2021 | 5:55 am | 1 min. read The government of Hong Kong Special Administrative Region of China (HKSAR) this Wednesday launched green bonds worth $2.5 billion, to be available on the Hong Kong Stock Exchange and the London Stock Exchange on 2 February. The offering includes $1bn 5-year bonds at 0.635%, $1bn 10-year bonds at 1.414% and $500 million 30-year bonds at 2.431%. This is the first 30-year green bond issued...