News
Energy, Transport & Building
June 20, 2024
Thailand's new power plan aims for 51% renewable energy by 2037
Thailand's latest power development plan (PDP) raises the renewable energy generation target from the previous 36% to 51%. However, some renewable energy industry stakeholders believe that the country should set even more ambitious goals.
June 14, 2024Thai petroleum giants venture into pet care and coffee shops ahead of EV era
Thai gas stations are increasingly diversifying into non-oil businesses such as pet care and coffee as gasoline sales decrease. This shift is driven by the government's target for 30% of domestic car production to be EV by 2030.
June 13, 2024PwC suggests three strategies for businesses facing Vietnam's net-zero hurdles
Despite clear policies, rising electricity demand and environmental disasters like droughts have pushed Vietnam to expand coal power. PwC suggests Vietnamese companies to create energy transition plans and strategies to tackle global climate change.
June 06, 2024Thailand to introduce carbon tax in 2025, starting with oil sector
Following Singapore, Thailand will become the second ASEAN country to implement a carbon tax ahead of CBAM. Thailand plans to levy carbon taxes in 2025, aligned with the enactment of the “Global Warming Act”.
June 06, 2024Thailand aims for 50% renewable energy by 2040: What challenges lie ahead?
Recently, Prime Minister Srettha Thavisin announced at an event, "Thailand will achieve 50% renewable energy by 2040." However, Thailand's green energy share is only 16.61%. How will he achieve this goal? What challenges are there?
June 05, 2024Vietnam eyes advanced technology to boost rare earth production, EV industry
The rare earth elements used in making EVs and wind turbines are vital to renewable energy technology. Vietnam boasts abundant rare earth resources but suffers from a lack of advanced technology, leading to a continued decline in extraction volumes.
June 04, 2024Malakoff launches biomass co-firing project, targets 15% capacity by 2027
Malakoff has recently launched its biomass co-firing project at its 2,100 MW coal-fired Tanjung Bin Power Plant (TBPP) in Pontian, Johor. It aims to co-fire up to 15% biomass with coal by 2027.
June 03, 2024Rystad Energy identifies Malaysia as key emerging hub for CCS in Asia-Pacific region
Malaysia is among the hubs in the Asia-Pacific region rapidly emerging as key players in the carbon capture and storage (CCS) sector, according to Rystad Energy.
June 03, 2024Indonesia turns electricity poles into charging stations to boost EV adoption
Indonesia’s state electricity company (PLN) is converting poles into public EV charging stations. Following success in Jakarta, 2,000 more will be converted this year to boost public confidence in electric vehicles.
May 30, 2024U.S. establishes Manila as headquarters for Southeast Asia civil nuclear expansion
To improve power infrastructure, the Philippines is incorporating nuclear energy into its energy transition plans and set to become a base for the U.S. Civil Nuclear Work Group in Southeast Asia.