News

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.

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.

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.

A new law paving the way for the promotion of natural gas has been labelled an “insult” by climate campaigners.

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.

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.

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.

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

Malaysia’s parliament passed the Carbon Capture, Utilisation and Storage Bill (CCUS Bill) in March 2025, with a plan to establish a dedicated agency to build out the industry’s market and supply chain.