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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-carbon power sources such as renewables”, and he would instruct ministries to “accelerate conside...

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. What role can law firms play when it comes to sustainability? And how do you support your clients t...

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 power to keep in line with international climate goals. John Yeap of Pinsent Masons, the law firm behin...

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.