Indonesia Embraces Carbon Capture Technology to Extend Fossil Fuel Use
Indonesia’s focus on Carbon Capture Storage (CCS) technology is set to extend the use of fossil fuels while reducing greenhouse gas emissions. Saleh Abdurrahman from BPH Migas highlights the potential of CCS in achieving the nation’s net-zero emissions target by 2060. As natural gas becomes increasingly vital in Indonesia’s energy transition, CCS could position the country as a leader in sustainable energy practices, balancing economic growth with environmental sustainability.
China Strengthens Control Over Rare Earth Metals Amid Global Concerns
China’s new measures to control rare earth metals as state property have raised concerns about global supply chain security. With China dominating the rare earth market, the EU is looking to enhance its own supply security by building a rare earth refinery in Estonia and diversifying its supply chains to reduce vulnerability to external disruptions.
OpenAI CEO Calls for International Agency to Regulate AI
OpenAI CEO Sam Altman advocates for the establishment of an international agency to regulate advanced AI systems, citing the potential global impact and risks associated with frontier AI technologies. Altman emphasizes the need for a flexible regulatory framework to ensure the safety of advanced AI systems amidst rapid technological evolution.
Trade Union Congress Collaborates to Draft AI Regulation and Employment Bill
Learn about the collaboration between the Trade Union Congress, AI Law Consultancy, and Cambridge University Minderoo Centre for Technology and Democracy to draft the Artificial Intelligence (Regulation and Employment) Bill. This Bill aims to regulate AI systems in the workplace to protect workers’ rights, uphold trade union rights, and address risks associated with AI deployment.
China Tightens Stock Market Supervision Amid Market Setback
China announces plans to tighten stock market supervision in response to recent market stall. New guidelines emphasize high-quality development of listed companies, crackdown on illegal share sales, and strengthened dividend payout supervision. The move aims to promote medium-to-long term funds and signals a shift in regulatory stance. Despite the announcement, market indices show little reaction, reflecting ongoing challenges. China’s commitment to tightening stock market supervision reflects a proactive approach to addressing market challenges and ensuring market stability amid evolving economic conditions.
Indonesia’s Furniture Industry Seeks New Markets Amid EU Regulation
Indonesia’s furniture and handicraft industry is seeking new markets in response to the EU Deforestation Regulation. With the EU as a major buyer, the industry is now looking towards India, ASEAN, and Africa as alternative customers. The shift in focus aims to mitigate the impact of the EUDR and continue growth outside of the EU, signaling a significant reorientation in the industry.
Startups Call for Streamlined US Regulations for Emerging Space Capabilities
Startups Call for Streamlined US Regulations for Emerging Space Capabilities February 1, 2024 ORLANDO, Fla. — The SpaceCom conference held in Orlando saw executives from space startups emphasizing the need for updated regulations to keep pace with the advancements in…
EU Antitrust Head to Meet with Apple CEO and Other Tech Giants
The European Union’s antitrust head, Margrethe Vestager, is set to meet with Tim Cook, CEO of Apple, and other tech giants next week. This meeting comes at a time when Apple seems to be taking a more cooperative approach towards…