News Snapshot:
CLP Holdings has stepped up its decarbonisation goals and pledged to achieve net zero carbon emissions by 2050 and phase out coal-fired electricity by 2040, ahead of an announcement by the Hong Kong government next month of an updated climate action plan to meet its 2050 carbon-neutral target. The goals upgrade at CLP , the larger of Hong Kong’s two power utilities, comes after Chinese President Xi Jinping on Tuesday pledged to the United Nations that China would not build more new coal power plants abroad. A year ago, he surprised the world by pledging to peak China’s carbon emissions...
