Wedoany.com Report-Aug. 27, On Monday evening, China’s State Council announced plans to strengthen its carbon trading market by introducing absolute emissions caps in select industries starting in 2027. This move aims to advance the country’s efforts toward sustainable development and carbon reduction. By 2030, China expects to establish a comprehensive national emissions trading scheme (ETS), replacing the current system of eight pilot markets launched in 2021.

Wedoany.com Report-Aug. 27, On August 23, Shenzhen-based BASiC Semiconductor signed a strategic cooperation agreement with China Automotive Chip (Shenzhen) Technology Co., Ltd. (CASTC) to advance automotive-grade semiconductor technology. The partnership, formalized in Shenzhen, focuses on enhancing the development and application of power semiconductors for the automotive industry.

Wedoany.com Report-Aug. 27, On Tuesday, an adviser to India’s power ministry announced that the country is exploring the use of gas-fired power plants exclusively during the peak electricity demand months of May and June. This strategy aims to address high demand while managing the elevated costs of gas-based power generation. The announcement was made at the Indo-American Chamber of Commerce energy summit in New Delhi.

Wedoany.com Report-Aug. 27, On Tuesday, Indonesia’s sovereign wealth fund, Danantara, announced a partnership with Chinese battery and material recycler GEM to develop a nickel processing hub in Indonesia. The initiative will utilize a portion of Danantara’s $8.3 billion investment funds allocated for 2025. This project marks Danantara’s first venture into Indonesia’s vital nickel sector, leveraging the country’s position as the world’s leading nickel producer to support the growing demand for electric vehicle (EV) battery materials.

Wedoany.com Report-Aug. 27, On Tuesday, Canada and Germany signed a declaration of intent to enhance cooperation on critical minerals, focusing on securing sustainable supply chains for key industries. The agreement, formalized in Berlin, involves Canada’s Minister of Energy and Natural Resources, Tim Hodgson, and Germany’s Economy Minister, Katharina Reiche. It aims to support the growing demand for minerals essential to clean energy technologies, advanced manufacturing, and defense systems.

Wedoany.com Report-Aug. 27, On Tuesday, the U.S. Transportation Department announced the cancellation of $175 million in funding for four projects tied to California’s high-speed rail initiative...

Wedoany.com Report-Aug. 27, China’s Sinopec announced on Tuesday that it has entered into an agreement with Saudi Arabia’s ACWA Power to deliver engineering services for a significant green hydrogen and green ammonia project in Yanbu city, Saudi Arabia. This initiative is set to become the world’s largest integrated facility of its kind, leveraging renewable energy sources to produce substantial clean energy outputs.

Wedoany.com Report-Aug. 27, Ormat Technologies, a company specializing in geothermal and renewable energy, has secured a 25-year extension of its power purchase agreement (PPA) with the Southern Calif...

Wedoany.com Report-Aug. 27, On August 26, 2025, PetroChina (601857.SS) announced a plan to acquire three natural gas storage facilities from its majority shareholder, China National Petroleum Corporat...

Wedoany.com Report-Aug. 26, KfW IPEX-Bank, a German commercial bank, is contributing €200 million to finance the construction of a 25-kilometer highway and railway tunnel connecting Dörtyol and Hassa in Hatay Province, Türkiye. The funding package, announced on August 26, 2025, includes a tranche supported by the Swedish Export Credit Agency (EKN) and a commercial tranche backed by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).