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Malaysia launches new pricing for green electricity with cheaper tariffs
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Malaysia launches new pricing for green electricity with cheaper tariffs

The Ministry of Energy Transition and Water Transformation of Malaysia (PETRA) has launched a new tiered pricing mechanism with lower rates for the Green Electricity Tariff (GET) program set to a quota of 6,600 GWh this year.
April 15, 2024
Japan becomes the first international partner in U.S. Floating Offshore Wind Shot initiative
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Japan becomes the first international partner in U.S. Floating Offshore Wind Shot initiative

Japan has committed to collaborate with the United States as the first international partner in reducing costs and promoting the development of floating offshore wind projects primarily through the US Wind Shot initiative.
April 15, 2024
Indonesia’s first marine floating solar power plant prototype set afloat
News

Indonesia’s first marine floating solar power plant prototype set afloat

The first marine floating solar power plant prototype in Indonesia, Solar2Wave, has been launched with the aim of meeting the electricity needs of the community and reducing reliance on fuel-based power plants.
April 12, 2024
SBTi rules relaxed set to boost the carbon credits market
News

SBTi rules relaxed set to boost the carbon credits market

The Science Based Targets initiative announced that it will allow the use of carbon credits to reduce emissions from Scope 3. Draft guidelines for the new policy, which will inform a revised Corporate Net Zero Standard, are set to be published July.
April 12, 2024
Green Indonesia Project exceeds expectations, attracting European bidders
News

Green Indonesia Project exceeds expectations, attracting European bidders

Indonesia accelerates the implementation of Green Indonesia Project (Hijaunesia). Indonesia Power noted that the development of their solar power plants has progressed faster than before, with European firms participating in the bidding process.
April 12, 2024
Vietnam’s green energy company to apply blockchain for carbon credits
News

Vietnam’s green energy company to apply blockchain for carbon credits

Vietnam’s Tin Thanh Group has collaborated with Centre for Quality Certification to conduct carbon inventory and convert an annual reduction of 1 billion tons of carbon dioxide into NFTs.
April 12, 2024
Church of England installs rooftop solar panels on 500-years-old chapel
News

Church of England installs rooftop solar panels on 500-years-old chapel

The 500-year-old chapel at King’s College, University of Cambridge, is one of the most famous church buildings in the UK. Last year, the college began installing 438 solar panels on the roof of the chapel.
April 11, 2024
Philippines aims for 53 GW by 2040 under higher renewable portfolio standard
News

Philippines aims for 53 GW by 2040 under higher renewable portfolio standard

The Philippines would need 52.83 GW of renewable energy capacity by 2040, following the Department of Energy (DOE)’s increase of the renewable portfolio standard (RPS) to 2.52%.
April 11, 2024
Vietnam’s DPPA becomes clearer as draft expected to be reviewed in May
News

Vietnam’s DPPA becomes clearer as draft expected to be reviewed in May

The Direct Power Purchase Agreements (DPPA) mechanism has been proposed by the Vietnamese Ministry of Industry and Trade (MOIT) for over seven years. Finally, with recent urging from the Vietnamese Prime Minister, there has been significant progress.
April 11, 2024
Greenwashing fear is hindering Asia corporates’ sustainability agenda, study finds
News

Greenwashing fear is hindering Asia corporates’ sustainability agenda, study finds

According to global consulting firm Kearney, over 70% of executives in the Asia-Pacific region expressed reluctance to publicly disclose carbon reduction plans due to greenwashing anxieties.
April 11, 2024
Nike defeats lawsuit accusing it of greenwashing its products
News

Nike defeats lawsuit accusing it of greenwashing its products

Nike has dodged a potential lawsuit following a judge's dismissal of the case related to greenwashing due to insufficient evidence.
April 10, 2024
Global oil giants plan to storage huge amounts of CO2 in Southeast Asia
News

Global oil giants plan to storage huge amounts of CO2 in Southeast Asia

Carbon dioxide storage is emerging as a potential multi-billion-dollar revenue stream for oil giants like Exxon Mobil and Shell, which are under pressure to rein in the unfettered burning of fossil fuels.
April 10, 2024
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