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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”.

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?

To accelerate decarbonization efforts in the power sector, Southeast Asian countries require strategic climate assistance. Therefore, the implementation of projects like the Just Energy Transition Partnerships (JETPs) is crucial for developing economies.

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.

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.

In a significant move to enhance regional energy cooperation, Singapore, Cambodia, and Lao PDR have established a working group aimed at facilitating cross-border electricity trade and advancing the ASEAN Power Grid (APG) vision.

The power shortage crisis in northern Vietnam last year is still vivid. With the expectation of electricity demand surge, Vietnam Electricity (EVN) has implemented various measures to manage power distribution and alleviate the pressure on supply.

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.

The renewable energy sector in the Philippines is experiencing a significant boom. Citicore Renewable Energy Corporation is expected to raise 5.3 billion pesos (about 90.4 million USD), potentially marking the largest renewable energy IPO in the country.

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.