In the last of a four-part series, Eric Ng and Martin Choi look at efforts to ignite a local hydrogen economy in Hong Kong.

Five Chinese venture-capital deals raised US$2.93 billion in the first half of 2024, two-thirds of the US$4.5 billion raised by the world’s top 10 clean energy deals, data provider says.

Empowering Sustainability Prosperity in Asia will focus on fostering the low-carbon transition in southeast, central, and east Asia.

In the third of a four-part series on green hydrogen, Eric Ng and Yujie Xue look into start-ups that are working on creating the infrastructure and technology to take the low-carbon fuel mainstream.

In the quest for a greener future, hydrogen is expected to play a key role. Here’s a look at the equipment that releases its potential as an energy source.

Coal output will grow by 100 million tonnes this year as Beijing loosens restrictions because of economic and energy-security pressures, Goldman says.

A draft disclosure framework aims to help capital seekers attract money to plug a severe funding gap for the UN’s 2030 development goals, especially in emerging markets.

China aims to lift renewable energy’s share in the country’s power generation mix by conducting a study on solar and wind resources in six pilot regions.

Hydrogen is seen as a viable long-term solution that can reduce emissions in the most carbon-intensive sectors, but the path to making the zero-emission fuel commercially viable is long and arduous.

Dalian Shipbuilding Industry is building a third specialist vessel ordered by Northern Lights for transporting liquefied carbon dioxide to sites for permanent geological storage.

Green hydrogen equipment maker CM Xiageng is expanding quickly to feed a market expected to be worth US$70 billion by 2034.

The owners of Hong Kong bus operator Citybus have set their sights on supplying hydrogen buses to the Middle East after launching the city’s first zero-emission bus.

The city’s maritime sector has ‘a lot of catching up to do’ in terms of its decarbonisation efforts, especially given fast-changing regulations and technology advances, says the Hong Kong Shipowners Association.

Only 1 per cent of large-cap Hong Kong-listed firms in the MSCI AC Asia-Pacific IMI index have set greenhouse gas reduction targets considered ‘fully’ credible, less than the regional average.

The global shipping industry may have put the cart before the horse as green fuel supplies lag the needs of ships that are switching to low carbon energy sources.

The 2GW pilot project is coming up near its nuclear plant in Jiangsu province. The US$1.4 billion project will include a 0.4GW energy-storage facility and cover an area larger than Hong Kong’s Tseung Kwan O district.

Hong Kong should learn from China’s experience and adopt Europe’s stringent definition of green hydrogen while formulating a strategy on the clean-burning fuel, according to Civic Exchange.

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.

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.

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.

Ganfeng Lithium’s potential buyout of a Malian lithium mine gives it greater security over raw material supplies.

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.

Hong Kong needs more innovative and automated solutions on top of government incentives to help its under-utilised, money-losing sustainability efforts.

The Chinese stock market is poised to see the emergence of shareholder resolutions on ESG issues next year, as incoming corporate governance reforms start allowing many more minority owners to present proposals for voting, a stewardship expert says.

Climate mitigation and adaptation projects that ‘stand on their own’ appeal to more mainstream investors, one financier says, especially after controversies that dented confidence in voluntary carbon credits.

EnerVenue, a rechargeable batteries start-up co-founded by the family office of tycoon Peter Lee Ka-kit, aims to build factories in the US and China to commercialise an old technology deployed in outer space for use on Earth.

Avant Meats is expanding its lab-grown seafood production capacity amid growing popularity of sustainable seafood.

The nation’s largest oil and gas producer says it is on track to peak carbon emissions next year and double the contribution of low-carbon energy to its output capacity over two years, top leaders say.

Government plans to establish a clear pathway on sustainability reporting for businesses in Hong Kong this year, a move that is ‘essential’ to ‘reinforcing Hong Kong’s leading position on the international sustainable-finance map’, says financial services secretary.