News

The green energy continues to expand, with the IEA reporting a significant 50% growth in global renewable energy in 2023 compared to the previous year. This growth added 510 GW, marking the fastest increase in two decades.

Indonesia’s Financial Services Authority (OJK) is optimistic that carbon exchange will continue to grow in 2024. As of Nov 30 in 2023, the trading volume on IDX Carbon reached 494,000 tons of CO2e, with a transaction value of IDR 30.91 billion.

The Bezos Earth Fund, a philanthropy funded by Jeff Bezos in 2020 with a commitment of $10 billion to tackle climate change, announced on Jan 10 that a $1 million ideation prize to generate creative ideas and solutions to remove greenhouse gas emissions.

Thailand is preparing to join the league of countries implementing a carbon tax. Ministry of Finance revealed that the department has been collaborating with both domestic and international organizations to draft carbon tax regulations.

Sarawak Energy Berhad (SEB) has become the first major corporation in Malaysia to receive international recognition as the Science Based Target Initiative (SBTi) validates the state-owned energy firm’s near-term carbon emissions reduction target.

Affected by the slowdown in global growth, Vietnam's leading textile enterprise, the Vinatex, admitted that 2023 was the most challenging year. However, the market in 2024 is expected to gradually recover, and more emphasis on green transformation.

French energy startup New World Wind has developed the “WindTree”, a tree-shaped turbine equipped with micro-wind turbines called Aeroleaf Hybrid. These leaves keep rotating to capture the air and solar panels absorb sunlight just below the leaves.

Japanese data communications company NTT DATA and Business Weekly co-organized an ESG forum on Jan. 11 in Kaohsiung to explore pathways for Taiwan’s manufacturing industry to align with the global net-zero trend.

A World Bank-backed project has been criticised by rice farmers for high costs and poor returns. Can its proposed second phase salvage things?

After amending the electricity pricing structure and obtaining cabinet approval, the Energy Regulatory Commission (ERC) of Thailand announced on Jan 10 that the electricity price for January to April this year is set at 4.18 Thai Baht per kWh.