News
Green Policy
November 14, 2023
EVN increases average retail electricity price again
Vietnam Electricity (EVN) has announced an adjustment in the average retail electricity prices by 4.5% from Nov. 9. After four years of frozen increases, electricity prices in Vietnam have been adjusted twice this year.
November 14, 2023MSB secures FMO 100 million USD for green projects
In recent years, there has been a significant surge in demand for green loans in Vietnam. Many banks are not only allocating their capital for green and sustainable development projects but also seeking support from foreign Development Finance Institution
November 14, 2023Undersubscribed small amount green energy auction calls for more flexibility
Taipower’s Round 1 auction, which offered 10 million kilowatt hours of small-amount green energy, was undersubscribed. Some private sectors believe that the small amount of green energy cannot meet demand from SMEs, and with limited offers and the highest
November 10, 2023Apple says it does not pass on costs of carbon reduction to consumers
Apple does not charge more to account for its carbon reduction efforts in its consumer technology products, said Lisa Jackson, the vice president of Environment, Policy and Social Initiative.
November 10, 2023TNB teams up with Petronas to develop CCS for gas-fired power plants
Malaysian utility company Tenaga Nasional Berhad (TNB) has worked with state-owned oil and gas firm Petroliam Nasional Berhad (Petronas) to explore carbon capture and storage (CCS) technology for gas-fired power plants.
November 09, 2023Thailand scales down subsidies for EVs as sales boom
Electric vehicle sales in Thailand have seen significant growth this year. Thai government approved a drawn down subsidy package last Wednesday. Starting from next year and ending in 2027.
November 07, 2023Taipower reveals auction winners for small amount renewable energy
Taiwan’s state-owned utility Taipower published on Nov. 7 the first batch of auction results for small amounts of green energy following the introduction of the bidding platform in late October, with 47 enterprises securing contracts.
November 07, 2023Sembcorp to invest 10.5 billion in renewables over next 5 years
Sinpapore’s Sembcorp Industries reveals its latest 5-year strategic plan on Monday. It will invest 10.5 billion SGD（7.8 billion USD）, about 75% of total investment, to support renewable energy.
November 07, 2023Malaysia aims to draw foreign investments in EV, carbon capture
Malaysia is seeking foreign investors in high-value industries such as electric vehicles (EVs), semiconductors and carbon capture, according to its trade and investment minister.
November 06, 2023Apple, Nike launch program training suppliers to buy clean energy
Apple, Nike and PepsiCo along with other global firms have launched the Clean Energy Procurement Academy to train supply chain partners in the Asia Pacific, where renewable power is tougher to source.