News

Bank financing for the fossil fuel sector rose by $162.5 billion in 2024, more than 20% compared to 2023, according to a Rainforest Action Network report.

More than a dozen EU member states, including Germany, have called on the European Commission to change its plans for the introduction of a carbon price on transport and heating fuels from 2027 to prevent price spikes.

Indonesia’s energy transition is progressing slower than anticipated, with experts pointing to the inefficiency of state-owned utility PLN and fragmented policies that are limiting the number of bankable projects.

The Salween River, one of Asia’s last free-flowing rivers, supports Indigenous communities and biodiversity across China, Myanmar and Thailand, but faces threats from at least 20 proposed hydropower dams, mainly in Myanmar.

As demand for low-carbon electricity continues to surge, ASEAN countries are advancing nuclear-related legislation. The Philippines has recently released a draft framework for commercial nuclear power development.

Indonesia is emerging as a promising destination for energy transition investments. Two of the country’s leading sovereign wealth funds have recently reaffirmed their commitment to scaling up investments in clean energy.

A few years ago, solar power became the “cheapest electricity in history”, but it still lacked the ability to meet demand 24 hours a day and 365 days a year. Since then, there have been significant improvements in the cost and performance of batteries.

Energy-intensive businesses now need to green some of their electricity use. Certificates to prove it have shot up in price.

Amid rising tensions in the Middle East, Iranian authorities have threatened to block the Strait of Hormuz, a critical chokepoint for global energy trade. Roughly 80% of oil and gas exported through the strait is destined for Asia.

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.