Authorities promote mandatory environmental disclosure as listed companies fail test (Xinhua: June 6)
The Ministry of Environmental Protection (MEP) and China Securities Regulatory Commission signed an agreement to promote listed companies' mandatory environmental disclosure. As 70.6% of examined companies in Beijing-Tianjin-Hebei region failed MEP’s air pollution inspection.
China looks at requiring eight polluting industries to have liability insurance (Caixin: June 12)
According to a draft regulation published by the Ministry of Environmental Protection and the China Insurance Regulatory Commission, companies in eight sectors of high environmental risk would be required to have environmental pollution liability insurance.
China, ADB launch green financing platform to fight pollution (Reuters: June 16)
The Asia Development Bank, the China National Investment and Guaranty Corporation, and the State Development and Investment Corporation have launched a green financing platform to support efforts by small- and medium-sized enterprises to cut pollution in the smog-hit Beijing-Tianjin-Hebei region.
China is about to bury Elon Musk in batteries (Bloomberg: June 28)
When completed in 2018, Tesla Inc.’s Gigafactory will produce up to 35 gigawatt-hours of battery cells annually. Chinese companies have plans for additional factories with the capacity to produce more than 120 gigawatt-hours a year by 2021.
Culture clash at a Chinese-owned plant in Ohio (New York Times: June 10)
China was one the largest sources of foreign direct investment of U.S. during 2016. But with the explosion of investment has come unexpected culture clash. At Fuyao, some workers are questioning the company’s commitment to operating under American norms.
In China, the water you drink is as dangerous as the air you breathe (Guardian: June 2)
According to the water quality report of Greenpeace, water pollution level in China’s najor cities including Beijing and Shagnhai are extremely high. The nationwide treatment of disposal from polluting industries and sewage is far from sufficient.
China court sentences seven over falsifying air quality data (Xinhua: June 16)
Xi'an Intermediate People's Court in Shaanxi Province convicted heads of environemtnal protection branches of interfering in data collection of the automated air quality monitoring system and using cotton to fill the sampling instrument to lower the pollution data.
China needs patience to fight costly war against soil pollution: government (Reuters: June 22)
To deal with polluted soil caused by overmining, industrial wastewater runoffs or excessive pesticide and fertiliser use, China is facing a clean-up bill that could reach as high as 1 trillion yuan, while 14.6 billion was allocated from 2016 until June 2017.
China Three Gorges announces its EUR-dominated green bonds issuance (CTG: June 6)
China Three Gorges Corporation has announced its first offshore green bond of €650m. Aligned with the Green Bond Principles, 2016, this green bond will raise proceeds for wind power plants of Project Meerwind in Germany and Project ENEOP in Portugal.
Tunghsu Azure Renewable Energy plans green bonds, unit to acquire property assets (Bloomberg: June 19)
Tunghsu Azure Renewable Energy says it plans to issue up to 2.0 billion yuan green bonds. Formerly known as Baoan Hongji Real Estate Group, this company develops real estate properties, primarily residential projects in China.
Can the AIIB support Asia's energy revolution? (Chinadialogue: June 21)
AIIB released its Energy Sector Strategy during the second annual meeting in Jeju, Korea. The strategy will support low-carbon trasition of member countries as well as the Paris Agreement. Controversy remains on AIIB’s stance on coal power and its risk management performance.
Xi Jinping is set for a big gamble with China’s carbon trading market (New York Times: June 23)
The start of a national carbon trading market in China by late 2017 is on track, according to a greenhouse gas policy guide relased by the government. With the potential to create the world’s biggest emissions market, China’s carbon trading plan is not a sure bet to succeed.
China's 'clean coal' power: a viable model or cautionary tale? (Chinadialogue: June 27)
Beijing has set emissions and efficiency standards for coal power plants higher than EU and the US. Ultra-supercritical technology is also widely adopted. The government’s ‘clean coal’ initiatives still leave room for non-compliance among different plants and regions.