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November 01, 2023
BloombergNEF expects global carbon market hits $800 billion in 2023
Bloomberg New Energy Finance (BNEF)’s latest outlook report has predicted that the global carbon market is set to exceed $800 billion this year, marking a 5% year-over-year growth, even though trade volumes have fallen due to Russia’s war in Ukraine.
October 31, 2023G7 offers Vietnam 300 million in grants to cut coal
Group of Seven (G7) members finalized the $15.5 billion pledge to help Vietnam reach net-zero emissions by 2050, among which offer more than 300 million, accounting for 2% of a total package which made up mostly of costly loans that Hanoi has been relucta
October 31, 2023S&P says CCUS not making sufficient progress to achieve 2050 climate goals
According to an outlook report by S&P Global Commodity Insights, that the world is not making enough progress to achieve the necessary CO2 reductions by 2050 in the carbon capture, utilization, and storage (CCUS) market.
October 31, 2023Indonesia flies first commercial flight with palm oil-blended jet fuel
Indonesia conducted its first commercial flight on Oct. 27 using palm oil-blended jet fuel, as the world's largest producer of the commodity pushes for wider use of biofuels to reduce fuel imports.
October 30, 2023Bilateral power trading could be cornerstone for ASEAN power grid
As Southeast Asian countries gear up for the energy transition in a bid to meet their countries’ net-zero emission targets, a regional power grid connecting various member states of ASEAN may no longer just be a pipe dream.
October 30, 2023Indonesia’s carbon exchange outperforms Malaysia, Japan
Indonesia Carbon Exchange (IDX Carbon) has outpaced the performance of similar exchanges in Malaysia and Japan since its initiation on September 26.
October 30, 2023Industry leaders worry renewable policies still lagging in Malaysia
Malaysia may have target ambitious goals of 70% renewable energy capacity and net-zero emission by 2050, but industry leaders believe that its policies are still lagging behind.
October 26, 2023Lotte, SK Group sign MoU to boost carbon capture development
South Korea’s SK Group subsidiaries SK IE Technology Co., SK Innovation Co. and Lotte Chemical have announced their partnership by signing a memorandum of understanding on Oct. 23 with the goal of entering the carbon capture market.
October 26, 2023Indonesia’s vast geothermal power potential attracts Iceland’s attention
Indonesia’s abundant geothermal resources have attracted Iceland’s attention, as the geothermal power pioneer seeks to partner with the Southeast Asian nation to harness its huge untapped geothermal potential.
October 26, 2023ASEAN distributed renewable energy expect to boom
ASEAN nations face the challenges of transitioning from fossil-fuel dependency to sustainable energy. An expert believes the rapid rise of distributed renewable energy (DRE) systems should offer promising solution.