Lin Bo-yu

Vietnam’s offshore wind potential remains largely untapped, and the sector is progressing at a relatively slow pace. Nevertheless, multinational companies from the U.S., Europe, and China continue to express strong confidence in its long-term prospects.

Starting in July, Peninsular Malaysia will implement an Automatic Fuel Adjustment (AFA) mechanism for electricity pricing, replacing the current Imbalance Cost Pass-Through (ICPT) system.

The global push for sustainability has reached the fashion industry, with Swedish fashion giant H&M leading emissions reduction rankings.

The EU’s CBAM, starting in 2027, will impose carbon tariffs on high-emission imports—posing a major challenge to Vietnam’s steel exports. In response, Hoa Phat and VNSteel are stepping up decarbonization efforts and investing in green energy.

Vietnam has taken a significant step in developing its carbon market, unveiling pilot emissions trading plans for three major carbon-intensive industries.

On June 10, the government of Sarawak announced a partnership with China’s China Three Gorges International Corporation (CTGI) and Shanghai Electric to jointly develop a large-scale floating solar project at the Bakun Reservoir.

Seiko Epson, the Japanese electronics company, is developing a small carbon capture unit roughly the size of an office printer.

The Singaporean government estimates that the 2024 carbon tax will generate SGD 640 million (about USD 497 million), more than 30% below the original projection.