| Emissions from India's high-polluting power industry must peak by 2026 for the country to hit net zero by the middle of the century and align itself with the Paris Agreement, according to BloombergNEF, a target that's unlikely to be met due to the government's push for the continued use of coal. The world's third-biggest emitter needs $12.4 trillion in investment to reach net zero ahead of its official target of 2070, BNEF said in its New Energy Outlook for India published Thursday. That includes funding to accelerate clean energy deployment, large-scale adoption of electric vehicles, and scaling up new technologies like carbon capture and green hydrogen to decarbonize the coal-dependent economy. Singapore is boosting its clean energy import target. The city-state now aims to import 6 gigawatts of clean electricity by 2035, up 50% from its initial plan, Singapore's Energy Market Authority said Thursday. South Korea is likely to slow its renewables buildout. The nation will focus on nuclear power and hydrogen to reach net zero by the mid-century, according to the country's vice energy minister, as it struggles to expand solar and wind. Morgan Stanley is quietly scaling back its plastic goal. The bank no longer has an explicit financing target to tackle plastic pollution, saying the decision is linked to the absence of quality data. By Ben Sharples and Dominic Lau Hong Kong raised its storm warning to the third-highest level as Super Typhoon Yagi skirts the city, with flights set to be disrupted throughout Friday as the storm tracks toward southern China. The Hong Kong Observatory issued a so-called Typhoon Signal 8, a warning of gale or storm-force winds near sea level, at 6:20 p.m. local time. It expects the alert will remain at least until noon on Friday. The train to the airport and the city's underground rail services will normally run on a limited schedule when the alert is raised, depending on the severity of the storm. Under the stock exchange's current rules, the city's $5 trillion equity market will now cancel its morning trading session. The afternoon session could still begin if the alert is lowered at noon. Read the full story here. Cutting carbon emissions is the goal for every industry, but some industries have it harder than others. In Australia, two startups, both with backing from the Clean Energy Finance Corporation, are tackling net zero in sectors known for their intractable carbon footprints: aviation and mining. Listen now, and subscribe on Apple or Spotify to get new episodes of Zero every Thursday. | 
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