News
June 14, 2024
West African countries urge adding carbon offset to corporate net zero standards
In early June, ten West African countries wrote to the Science Based Targets initiative (SBTi), urging that carbon offsets be included in corporate net zero standards, allowing companies to offset their emissions.
June 14, 2024
Why isn’t China’s emissions growth slowing like its GDP?
Despite slowing GDP growth, coal consumption is on the up, largely due to a failure to improve energy efficiency.
June 14, 2024
Thai petroleum giants venture into pet care and coffee shops ahead of EV era
Thai gas stations are increasingly diversifying into non-oil businesses such as pet care and coffee as gasoline sales decrease. This shift is driven by the government's target for 30% of domestic car production to be EV by 2030.
June 13, 2024
Philippines' largest solar irrigation to double harvests, sell excess power to grid
The largest and only solar irrigation system in the Philippines was officially inaugurated on June 10. The local government has applied renewable energy to agricultural projects, reducing the use of fossil fuels and lowering carbon emissions.
June 13, 2024
PwC suggests three strategies for businesses facing Vietnam's net-zero hurdles
Despite clear policies, rising electricity demand and environmental disasters like droughts have pushed Vietnam to expand coal power. PwC suggests Vietnamese companies to create energy transition plans and strategies to tackle global climate change.
June 12, 2024
Indonesia sets quotas for rooftop solar deployment to 5.7 GW by 2028
The Indonesian government has announced a national rooftop solar power quota plan, allocating a total of 901 MW for this year in 11 regulated regions, with annual increases planned to reach a total capacity of 5,746 MW within five years.
June 07, 2024
ICVCM announces first batch of approved carbon credit methodologies
The Integrity Council for the Voluntary Carbon Market (ICVCM) has announced the first batch of carbon credit methodologies to pass their review.
June 07, 2024
Singapore to build more hydrogen compatible power plants to meet electricity demand
Anticipating continuous domestic growth in electricity demand, Singapore plans to add two more natural gas hydrogen-compatible power plants by 2030 to ensure stable and secure power supply.
June 06, 2024
Thailand to introduce carbon tax in 2025, starting with oil sector
Following Singapore, Thailand will become the second ASEAN country to implement a carbon tax ahead of CBAM. Thailand plans to levy carbon taxes in 2025, aligned with the enactment of the “Global Warming Act”.
June 06, 2024
Thailand aims for 50% renewable energy by 2040: What challenges lie ahead?
Recently, Prime Minister Srettha Thavisin announced at an event, "Thailand will achieve 50% renewable energy by 2040." However, Thailand's green energy share is only 16.61%. How will he achieve this goal? What challenges are there?
