News

To meet corporate carbon reduction goals, Malaysia's ship service company Keyfield International has completed the installation of a solar photovoltaic system on its largest work barge, setting a national record for the scale of the equipment.

Indonesia's carbon market officially opened to international buyers on Jan. 20, with over 40,000 tons of carbon dioxide equivalent (CO2e) traded on the first day.

Singapore relies heavily on natural gas, which accounts for 95% of its electricity generation. To meet growing electricity demand while staying on track for net-zero emissions by 2050, Singapore must shift toward cleaner energy sources.

Thailand’s cabinet approves a carbon tax rate of 200 baht ($5.88) per ton of carbon emissions. Deputy Finance Minister Paopoom Rojanasakul stated in an official announcement that the carbon tax will be integrated into the existing petroleum tax structure.

The de facto leader of the ruling Pheu Thai Party, former Prime Minister Thaksin Shinawatra, recently raised the topic of lowering electricity rates, sparking widespread discussion. Most of the proposals are related to renewable energy.

Flood-mitigation infrastructure built in the southern Philippines for more than $100 million by clearing native vegetation could exacerbate flood risk in the future.

Southeast Asian ride-hailing giant Grab has announced plans to expand its electric vehicle fleet and has formed a strategic partnership with Chinese automaker BYD. The goal is to add 50,000 electric vehicles across six Southeast Asian countries.

While world leaders failed to secure meaningful action, extreme weather events battered Southeast Asia, underscoring the deadly consequences of inaction on climate change and the urgent need for inclusive solutions.

Indonesia will open its carbon credit market to international buyers for the first time on Jan. 20, with 1.7 million carbon credits available for trade. These credits can be purchased by countries as part of their NDCs.

Vietjet Air has recently been embroiled in controversy. The airline's promotional campaign launched in Singapore has also drawn criticism. The campaign was accused of making misleading environmental claims and was subsequently ordered to be taken down.