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South Korea unveils $43 billion plan for world’s largest offshore wind farm

The project is a major component of President Moon Jae-in’s Green New Deal, initiated last year to curb reliance on fossil fuels in Asia’s fourth-largest economy and make it carbon neutral by 2050. 

“With this project, we are accelerating the eco-friendly energy transition and moving more vigorously toward carbon neutrality,” Moon said at the event.
The envisaged 8.2 GW amounts to the energy produced by six nuclear reactors, or the effects of planting 71 million pine trees, officials said.

22 countries have requested India for supply of Covid-19 vaccines: Health minister

“We have received requests for vaccine supply from 22 nations so far. Out of these, supply has already been made to 15 nations as grant assistance as well as contract doses. As of February 2, a total of 56 lakh doses has been given as grant assistance and 105 lakh as contracts doses,” the minister said.

80 countries including India, Sri Lanka and Pakistan on Thursday criticised the European Union for its recent decision of introducing export controls on Covid-19 vaccines.

China to launch public platform to track, crack down on polluters

Polluting enterprises are obliged to install monitoring equipment and keep at least five years of data, with fines of 200,000 yuan ($31,000) for those that fail to do so. Fines of 1 million yuan can be imposed on firms that pollute without permission.
According to the environment ministry, the new information platform will allow authorities and members of the public to monitor real-time emission levels and check historical data in order to determine whether rules are being breached. It is set to come into effect on March 1.

Allianz to acquire full ownership of China life insurance venture

“Allianz has been pursuing the 100% ownership of our life entity since the opening up measures were announced by the government in 2019,” Sergio Balbinot, chairman of Allianz (China) Insurance Holding Co, was quoted saying in the company statement.

Allianz will leverage its global management experience, advanced digital technology and brand value, to provide professional and comprehensive life insurance for a growing number of customers in China, it said.

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