News
ASEAN
June 25, 2025
Singapore, UK, Kenya launch first government-led alliance for voluntary carbon markets
To encourage greater corporate participation in voluntary carbon markets, the governments of Singapore, the United Kingdom, and Kenya have launched the Coalition to Grow Carbon Markets, the first government-led initiative of its kind.
June 25, 2025Adaptation through water: ASEAN urged to boost climate resilience
90% of extreme weather events are linked to water, underscoring the urgent need for Adaptation through Water (AtW) strategies. Southeast Asian countries are particularly vulnerable to climate impacts, with projected economic losses of up to 25%.
June 24, 2025Global energy giants bet on Vietnam’s offshore wind: Will 2027 be the turning point?
Vietnam’s offshore wind potential remains largely untapped, and the sector is progressing at a relatively slow pace. Nevertheless, multinational companies from the U.S., Europe, and China continue to express strong confidence in its long-term prospects.
June 23, 2025Malaysia to launch automatic fuel adjustment for electricity tariffs in July
Starting in July, Peninsular Malaysia will implement an Automatic Fuel Adjustment (AFA) mechanism for electricity pricing, replacing the current Imbalance Cost Pass-Through (ICPT) system.
June 19, 2025Indonesian utility PLN ‘kneecaps renewables’ with embrace of fossil fuels
Indonesia’s state-owned power utility, PLN, plans to expand fossil fuel generation by more than 20% by the mid-2030s, prioritizing gas and coal plants while delaying large-scale renewable rollouts until the early 2030s.
June 16, 2025Philippines bets on natural gas to accelerate renewable energy
A new law paving the way for the promotion of natural gas has been labelled an “insult” by climate campaigners.
June 13, 2025Decarbonizing industry: How Vietnam’s steelmakers respond to EU's CBAM
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.
June 12, 2025Vietnam launches emissions trading pilot amid doubts over effectiveness
Vietnam has taken a significant step in developing its carbon market, unveiling pilot emissions trading plans for three major carbon-intensive industries.
June 10, 2025Singapore’s carbon tax revenue falls short of expectations after sharp rate increase
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.
June 10, 2025Carbon storage unlocked: Malaysia bets on CCS, but challenges loom behind the boom
According to consulting firm McKinsey, CCUS market in Southeast Asia is projected to generate up to USD 5 billion to 10 billion in value over the decade starting in 2030. With bold ambitions, Malaysia is actively positioning itself as a regional leader.