Asia, Taiwan, Hong Kong and Macau

China

· According to the National Development and Reform Commission (NDRC) on May 25, in order to implement the tasks of carbon peaking and carbon neutral, and to achieve the goal of increasing the proportion of non-fossil energy to about 20% of primary energy consumption in 2025, according to the Notice of the National Development and Reform Commission and National Energy Administration on Establishing a Sound Guarantee Mechanism for Renewable Energy Power Consumption, the NDRC and the National Energy Administration issued the Renewable Energy Power Consumption Responsibility Weights for 2021 and the Renewable Energy Power Consumption Weights for 2022. Consumption responsibility weights and 2022 expected targets.

· On May 8, Shenzhen Dapeng New Area recently held the first plenary meeting of the Ecological Environmental Protection Committee 2021 and launched the first "Marine Carbon Sink Accounting Guide" in China. It is understood that Dapeng New Area took the lead in 2019 to carry out a study on marine carbon sink accounting covering the waters under its jurisdiction, and has now completed the "2018 Shenzhen Dapeng New Area Marine Carbon Sink Accounting Report".

· At the parallel forum of the 5th World Smart Conference, the Urban Energy Revolution Summit Forum was held on May 20, the first "Carbon Summit, Carbon Neutral" industry alliance in China was officially established in Tianjin.

Singapore

· On June 15, 2021, Singapore Exchange (SGX) announced its partnership with Nasdaq and its participation in the Nasdaq Sustainable Bond Network, enabling bond issuers in the Asia-Pacific region to showcase their green, social and sustainable (GSS) bonds to global investors through the Nasdaq Sustainable Bond Network.

West Asia Africa

UAE

· The UAE, the third largest oil producing country in the Organization of Petroleum Exporting Countries (OPEC), is comprehensively laying out its hydrogen energy industry and actively promoting energy transformation. On May 20, Abu Dhabi clean energy company Masdar announced that it will develop a "green hydrogen" demonstration project in Abu Dhabi, focusing on the development of hydrogen fuel cells and the application of hydrogen fuel in the aviation industry.

Eurasia

Russia

· In his annual state of the nation address in late April, Russian President Vladimir Putin stressed on May 28 that Russia will confront the challenge of climate change and seek reasonable and practical solutions to reduce emissions. A month later, Russia's first climate bill has passed its first review, which will introduce carbon trading and carbon offset mechanisms.

Europe

· The European Commission introduced a new program on May 17, which aims to promote the sustainable development of the EU's maritime economy. According to this program, the EU's main measures to promote the development of the marine economy will include: developing offshore renewable energy, reducing carbon emissions from marine transport, achieving carbon neutrality and zero pollution targets; shifting to a circular economy to reduce pollution; protecting biodiversity; developing green infrastructure along the coast to protect the coastline; ensuring sustainable production of seafood; strengthening marine space management and promoting cooperation in the sustainable use of the marine environment cooperation, etc.

Germany

· On May 13, 2021, the German Federal Cabinet adopted a stricter Climate Protection Act, setting new targets to achieve zero greenhouse gas emissions ahead of schedule by 2045, and planning to implement contingency programs. The bill still needs to be discussed and approved by the German Bundestag and Senate. According to the new climate target, Germany should achieve a 65% reduction in total greenhouse gas emissions by 2030 compared to 1990 levels, up from the 55% originally set. At the same time, Germany needs to achieve carbon neutrality, or net zero greenhouse gas emissions, by 2045, five years earlier than originally planned.

United Kingdom

· On June 17, 2021, the Bank of England released its second annual climate disclosure report. The report sets out the Bank of England's approach to managing climate change risks across its operations. In particular, the report covers.

- The BoE's climate change strategy.

- The governance structure and processes surrounding its climate-related work.

- and measuring and managing climate-related risks in its physical and financial operations.