Lin Bo-yu

Swiss direct air capture (DAC) pioneer Climeworks recently announced a major round of layoffs, planning to cut more than 20% of its global workforce. Company executives attributed the move to macroeconomic uncertainty and shifting policy landscapes.

On May 22, the European Parliament voted in favor of proposed amendments to the Carbon Border Adjustment Mechanism (CBAM), originally introduced by the European Commission in February.

Southeast Asian countries are increasingly seen as promising markets for clean energy, attracting substantial public investments from China, Japan, South Korea, and Australia, according to a new report released on May 20.

The global steel industry has seen a steady increase in decarbonization initiatives, but actual progress remains limited. A new report reveals that India has now surpassed China in new steelmaking capacity.

Gas Malaysia Bhd has unveiled Malaysia’s first centralized biomethane injection station, aiming to begin full operations in the second half of 2025.

UK and EU reached an agreement to establish a framework compatible with their respective Emissions Trading Systems (ETS) on May 19, which includes defining CBAM exemptions and mutual recognition of emission allowances.

China’s largest electric vehicle (EV) battery manufacturer, Contemporary Amperex Technology Co. Limited (CATL), was listed on the Hong Kong Stock Exchange on May 20, aiming to raise up to USD 5.3 billion.

Malaysian government officially unveiled the Carbon Capture, Utilization, and Storage (CCUS) Bill 2025 on March 4, establishing a legal framework for the development of the industry.