News

The EU’s CBAM, starting in 2027, will impose carbon tariffs on high-emission imports—posing a major challenge to Vietnam’s steel exports. In response, Hoa Phat and VNSteel are stepping up decarbonization efforts and investing in green energy.

Vietnam has taken a significant step in developing its carbon market, unveiling pilot emissions trading plans for three major carbon-intensive industries.

Chinese international cooperation mechanisms such as the Belt and Road Initiative could fill the gaps left by US withdrawal, writes Zhou Xiaozhu.

On June 10, the government of Sarawak announced a partnership with China’s China Three Gorges International Corporation (CTGI) and Shanghai Electric to jointly develop a large-scale floating solar project at the Bakun Reservoir.

The Singaporean government estimates that the 2024 carbon tax will generate SGD 640 million (about USD 497 million), more than 30% below the original projection.

The Thai government is ramping up efforts in green technology by selecting four promising sustainability-focused startups through its National Innovation Agency (NIA).

Australian startup AgCoTech has developed a methane-reducing salt block for cattle, helping livestock farmers in Laos cut their greenhouse gas emissions by up to 40%.

Governments across Southeast Asia are looking at carbon capture and sequestration (CCS) as a way to meet climate targets. Critics say CCS costs too much to be commercially viable, and underperforms at capturing carbon.

A nationwide spike in electricity usage, driven by ongoing heatwaves in northern and central Vietnam, set a new all-time high on the afternoon of June 2. Prime Minister Pham Minh Chinh has issued an urgent directive to ensure stability.

Singapore’s Prime Minister Lawrence Wong made his first official visit to the Philippines on June 4, meeting with President Ferdinand Marcos Jr. The two leaders pledged to advance the ASEAN Power Grid (APG) and promote sustainable economic development.