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Green Policy
March 22, 2024
Indonesia to reassess geothermal potential to attract investment
Indonesia’s strategic location along the Pacific Ring of Fire endows it with approximately 40% of the global geothermal reserves. Despite having a geothermal generation capacity of around 24 GW, limited demand has hindered investment attraction. As a resu
March 21, 2024U.S. to fund $500 million in green exports to Vietnam
The U.S. has signed a $500 million deal to promote green exports to Vietnam, the source of the country's third-largest trade deficit and a quickly rising manufacturing alternative to China.
March 21, 2024Top 10 greenwashing fine rankings with car, retail giants on the list
With greenwashing penalties expected to rise in frequency and severity in increasing in certain jurisdictions, a German startup focused on plastic reduction, CleanHub, has compiled a ranking of the largest greenwashing fines given out to date.
March 18, 2024Tesla's factory in Thailand hindered by industrial park size restrictions
The Thai government has reached out to Tesla, reportedly assisting in the search for a site for its factory. However, Thai media indicating that existing national or private industrial park sizes are too small to meet Tesla's requirements.
March 14, 2024PLN Indonesia Power advances huge carbon emissions reductions with biomass cofiring
PLN Indonesia Power reduced 555 thousand tons of CO2 emissions last year by substituting coal with biomass cofiring in coal-powered power plants (PLTU).
March 13, 2024ACEN, BrightNight partner for 1 GW renewable projects in Philippines
ACEN, a subsidiary of the Ayala Group, has collaborated with US-based BrightNight to construct 1 GW of renewable energy portfolio in the Philippines. The Philippine firm said the renewables portfolio will entail an investment of $1.2 billion over the next
March 11, 2024IFC green loan to speed up renewable energy in Thailand, Indonesia, and Vietnam
The International Finance Corporation, a member of the World Bank Group, and Siam Commercial Bank of Thailand have decided to provide a green loan to Thailand's renewable energy company, Sermsang Palang Ngan (SPN), totaling approximately 64 million USD.
March 08, 2024Vietnam anticipates renewables to make up 70% of power mix by 2045
Vietnamese Prime Minister Pham Minh Chinh officially approved the "2030 National Energy Development Strategy" on Mar. 1. The strategy aims to increase the proportion of renewable energy to 15%-20% by 2030 and expects to reach 65%-70% by 2045.
March 05, 2024BMW, MG adverts banned over greenwashing concerns
Corporations developing sustainable carbon reduction products also need to avoid getting caught up in greenwashing controversies. German car manufacturer BMW and the UK-based MG Motor (Morris Garages) were called out by UK regulatory authorities for alleg
March 04, 2024MWC: mobile network operators' carbon emissions down 6% with europe leads the reductions
Reducing carbon emissions is a challenge faced by every industry worldwide, including the mobile communications sector. The Global System for Mobile Communications Association (GSMA), organizer of the Mobile World Congress (MWC) in Barcelona, stated that