Market Updates
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© Copyright – Welhunt Materials Enterprise Co. Ltd.
Disclaimer/Terms conditions
Market Updates
© Copyright – Welhunt Materials Enterprise Co. Ltd. | Disclaimer/Terms conditions
© Copyright – Welhunt Materials Enterprise Co. Ltd.
Disclaimer/Terms conditions
Australia looks to pension funds to fuel Southeast Asia clean energy expansion
Australia is leveraging its pension funds and blended finance to drive clean energy expansion in Southeast Asia, with Indonesia as a key focus through initiatives like the Australia-Indonesia Climate and Infrastructure Partnership (KINETIK). Australia provided a $15 million concessional loan for the Muara Laboh geothermal project’s Unit 2 expansion in West Sumatra, part of a $92.6 million ADB financing package expected to power 435,000 households by 2027. The project emphasizes gender equality, local jobs, and community benefits, supporting Indonesia’s net-zero goals and harnessing its vast geothermal potential while unlocking private capital for low-carbon infrastructure.
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#Australia #SoutheastAsia #CleanEnergy #PensionFunds #BlendedFinance #Indonesia #Geothermal
Taiwan study finds soil holds most forest carbon reserves
Taiwan Forestry Research Institute (TFRI) research reveals that soil holds the largest carbon reserves in Taiwan’s forests, accounting for about 45% of total ecosystem storage, surpassing tree trunks. A study in Nantou’s Renlun Forest Road found deep soil under Taiwanese China fir has the highest carbon concentration among artificial forests, outperforming Chamaecyparis formosensis and Taiwania cryptomerioides, with differences of 10-20 metric tons per hectare. Selecting optimal tree species for afforestation could boost Taiwan’s carbon sink competitiveness, while long-term management, including non-commercial thinning, sustains sequestration despite typhoons and heavy rains.
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#Taiwan #Forest #CarbonSink #SoilCarbon #Afforestation #TFRI #Ecosystem
Starbucks Workers United launches 65-store strike
Starbucks Workers United has launched an open-ended strike involving over 1,000 workers across at least 65 stores in 40 cities, during the company’s annual Red Cup day. This escalation follows a union vote with over 92% support for striking and recent stalled bargaining talks, highlighting ongoing labor disputes over wages and working conditions. The strike could become the longest in Starbucks history, surpassing previous 64-day actions, with union leaders emphasizing preparations and internal organization efforts. Starbucks disputes the scale of the strike, claiming fewer stores and workers are involved, while protests reflect deeper issues related to labor law violations and bargaining failures.
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#Starbucks #US #Labor #Strike #Union #WorkersRights #SocialESG #RedCupDay