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May 22, 2024
Japan’s Mizuho to fund coal plant to early shutdown in Southeast Asia
Mizuho Financial Group in Japan has announced a relaxation of investment restrictions on coal-fired power plants. Starting in July, the group will provide financing to assist the early decommissioning of power plants in Southeast Asian countries, becoming
May 21, 2024Singapore's draft power rules indicate increased state control in energy transition
Singapore's Energy Market Authority announced its intention to regulate access sharing for critical infrastructure and review plans when owners of significant power assets intend to repurpose their properties.
May 20, 2024Thailand's data center boom: energy and real estate sectors join the race
The data center boom driven by the technology industry has attracted other sectors to join the fray. Among them, Thailand's energy company B.Grimm Power plans to leverage its renewable energy advantages to seek partners, while Thai real estate developer C
May 09, 2024Pandora’s first factory in Vietnam adopts renewable energy
Danish jewelry manufacturer Pandora is set to commence construction of its inaugural factory in Vietnam on May 16, with an estimated worth of US$150 million.
May 08, 2024Expert expects positive market signal as Verra’s Verified Carbon Standard gets ICVCM approval
Verra, a nonprofit organization that sets standards for environmental and social markets, announced on May 2 that its Verified Carbon Standard (VCS) Program has received approval from the Integrity Council for the Voluntary Carbon Market (ICVCM).
May 08, 2024Vietnamese localities expand efforts to develop carbon credit market
Localities throughout Vietnam are undertaking activities to develop the carbon credit market.
May 07, 2024Only 13% of carbon credit buyers have SBTi-approved net zero targets: MSCI
Most companies purchasing carbon credits have not been made net-zero pledges approved by SBTi. According to MSCI Carbon Markets, over the past decade, only 13% of companies using carbon credits have set long-term carbon reduction targets. The report furth
May 07, 2024It’s crucial to build carbon credit management mechanism: Vietnam’s Prime Minister
Vietnamese Prime Minister Pham Minh Chinh recently issued a directive emphasizing the urgent need to establish a carbon credit management mechanism, which aims to help local businesses better grasp the carbon market and meet the Nationally Determined Cont
May 06, 2024Alibaba's Vietnam data center plan spurs local firms to find carbon reduction solutions
Chinese tech giant Alibaba plans to construct a data center in Vietnam to comply with local regulations. However, data centers considered high-energy-consuming industries drawing attention on energy efficiency and carbon emission reduction.
May 02, 2024Equinix inks PPA with Sembcorp in Singapore to power data center
Colocation company Equinix has entered into a solar power purchase agreement (PPA) with Sembcorp in Singapore to supply renewable energy to its data center.