The deal aims to strengthen their battery supply chains, by reducing dependence on China, and help Japanese carmakers access to a new tax credit for electric vehicles in the US.

Adani Enterprise stock was up 16% on Friday, while other group firms rose by 5-10% near the close of trading, as concern eased about Indian conglomerate's ability to attract funds

Top global economists such as Nicholas Stern have urged China to adopt a new development model – based on "well-being" and countering climate risks rather than GDP growth.

The World Bank has moved to alter its mission, lending tools and capacity to help countries shift from coal power to address climate change and other global crises

Companies are likely to face stronger rules and scrutiny in 2023 in regard to environmental policies, to ensure they have 'climate-friendly' supply chains and investment policies

Stellantis plans to produce dozens of electric models in the coming decade, but its CEO Carlos Tavares has said it could be five or six years before affordable battery EVs are created

"China has 28% of the greenhouse gas emissions at the moment. So they must also contribute to dealing with the damage," German Development Minister Svenja Schulze said

Kerry wants a plan by April to reform multilateral development banks to unleash "hundreds of billions" of dollars to help vulnerable countries combat and adapt to climate change.

China installed a massive 53 gigawatts of renewable energy in the first half of 2022, but it also approved $26-33 billion of investment in the coal power and steel sectors, a new report said

Adani said 70% of the $100 billion-plus his group will invest over the next decade will go to "energy transition", adding that they are already the world’s largest solar player

The measures include requiring funds to provide details on their investment strategy and will take effect from January 2023, the Monetary Authority of Singapore said

The two bourses said they would explore new exchange-traded fund (ETF) products and jointly promote environmental, social and governance (ESG) themes.