Eric Ng
SCMP News
Hong Kong
Contact Eric
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Past articles by Eric:
After the razzmatazz of its kick-off, the long hard slog begins on Hong Kong’s carbon credits market
For trading to flourish, the ecosystem needs to be strengthened through collaboration with standard setters, verification bodies, registries and regulators internationally, market operators and participants said. → Read More
Sustainable packaging firm Tetra Pak eyes growth in China with plant-based beverage carton materials
The Switzerland-based packaging firm has sold 50 million of its plant-based carton caps since starting production in China, where consumers are becoming more environmentally conscious. → Read More
Ant Group launches digital banking service in Singapore to serve small firms doing international trades
Ant Group, the fintech affiliate of Alibaba Group Holding, has launched a digital wholesale banking service in Singapore to serve small businesses doing cross-border trades. → Read More
World economy needs a quick financing makeover to contain global warming, panellists tell Green Swan conference
A drastic makeover of the world economy and huge cross-regional investment flows are needed over the next three decades if the world is to contain global warming at 1.5 degrees Celsius, experts said. → Read More
Elon Musk: ‘simply a fact’ that China is a global leader in renewable energy, electric vehicles
“Few seem to realise that China is leading the world in renewable energy generation and electric vehicles,” he said in a post on China’s Twitter-like Weibo social-media platform on Monday. “Whatever you may think of China, this is simply a fact.” → Read More
Extreme weather scorecard: Hong Kong, Macau vulnerable in Greater Bay Area as Guangzhou, Shenzhen gird for once-in-200 year storms
Numerous demonstrations of extreme weather remind us that urban infrastructure and coastal flood defences are still frail when confronted with nature’s forces, exacerbated by climate change. → Read More
How China plans to lead the world in sustainable food with latest five-year agricultural development plan
China’s decision to include alternative proteins in its five-year plan shows Beijing’s desire to nurture home-grown technology to ensure sustainable food supply, industry watchers say. → Read More
Green finance: Hong Kong’s role in the global standard to cut through the alphabet soup of ESG rules
Hong Kong’s SFC may include the ISSB’s standards in the city’s audit and listing rules in late 2022, or early 2023 once the prototypes are endorsed and adopted. → Read More
Circular economy: how multinationals are recycling plastic waste, packaging in China to cut carbon emissions
From repurposing used milk bottles to recycling water barrels, big multinational chemical firms are helping recycle plastic waste in China amid growing pressure from regulators and customers. → Read More
Singapore’s Grab soars 18.6 per cent on Nasdaq debut following SPAC merger
With its debut on the Nasdaq on Thursday, Grab Holdings becomes the biggest listing by a Southeast Asian technology company and the largest transaction by a SPAC to date. → Read More
Macau casino junket operator Suncity sinks further after Alvin Chau steps down as chairman
Shares of Suncity Group Holdings, which operates the largest casino junket in Macau, fell 16.7 per cent after Alvin Chau, who was arrested over the weekend, resigned as chairman. → Read More
Macau casino junket operator sinks as arrested boss offers to step down from listed Hong Kong units
Stocks link to arrested Macau casino junket boss crash in Hong Kong as group warns of adverse financial impact from losing his backing. → Read More
Hang Seng Index compiler adds another two stock indices to meet demand for sustainable investment
Both new indices will track the 60-stock Hang Seng Index, with different weightings to reflect the constituents’ varied ESG performance. → Read More
Hong Kong-listed firms could take 140 years to reach gender parity on boards at current rate, study finds
The study by the Asian Corp Governance Association found that last year women constituted only 12.7 per cent of the boards of directors of the top 100 companies by market value in Hong Kong tracked by MSCI. Their numbers had risen, but progress was slow. → Read More
COP26: can China quit its coal habit while the world wrangles over climate goals and phasing out the ‘dirtiest’ fossil fuel?
Deciphering China’s relationship with coal is key to understanding the nation’s path towards carbon neutrality, particularly as the economy’s addiction to the fossil fuel runs up against President Xi Jinping’s carbon neutrality pledge. → Read More
China’s carbon neutral goal: Foshan leads a silent revolution in green transport with its hydrogen trams
The 1.07 billion yuan project shows China’s capability and determination to bet on technological endeavours towards peak carbon dioxide emissions by 2030, and carbon neutrality by 2060. → Read More
China’s carbon neutral goal: Beijing sets ambitious hydropower storage goal to bolster wind, solar energy growth
Beijing aims to double China’s pumped storage hydropower generating capacity in five years and double it again by 2030, in a bid to provide most of the energy storage needed to make its ambitious renewable energy expansion programme viable. → Read More
Climate change: Billie spins yarn from textile wastes with neither water nor chemicals in Novetex’s bid to cut emissions and wastes
The Billie “upcycling” system is a patented process that can break down textile waste into slivers for blending with fresh threads before they are spun into yarn for reuse, all done without water or chemicals. → Read More
China’s carbon neutral goal: Beijing-led alliance aiming to commercialise hydrogen vehicles vies for state subsidies
China’s carbon neutral goal: Beijing-led alliance aiming to commercialise hydrogen vehicles vies for state subsidies → Read More
Sweltering heat in Hong Kong, extreme weather events worldwide signal need to act on climate change, scientists say
Extreme weather has wreaked havoc on livelihoods and local economies, and caused billions of dollars in damage, offering clear evidence the world must act quickly to contain the impact of climate change. → Read More