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Bank financing for the fossil fuel sector rose by $162.5 billion in 2024, more than 20% compared to 2023, according to a Rainforest Action Network report.

Vietnam's Ministry of Industry and Trade (MOIT) has unveiled a pricing framework for offshore wind power, setting regional ceiling tariffs ranging from VND 3,078.9 to VND 3,975.1 per kWh (approx. USD 0.12–0.15).

On June 30, more than 100 companies and investors issued a joint statement urging the European Union to maintain its strong sustainability regulations.

Indonesia’s energy transition is progressing slower than anticipated, with experts pointing to the inefficiency of state-owned utility PLN and fragmented policies that are limiting the number of bankable projects.

The Salween River, one of Asia’s last free-flowing rivers, supports Indigenous communities and biodiversity across China, Myanmar and Thailand, but faces threats from at least 20 proposed hydropower dams, mainly in Myanmar.

Chinese EV battery giant Contemporary Amperex Technology Co. Limited (CATL) officially broke ground on a new factory in Indonesia on June 29. The project aligns with President Prabowo Subianto’s vision to establish a complete battery supply chain.

As demand for low-carbon electricity continues to surge, ASEAN countries are advancing nuclear-related legislation. The Philippines has recently released a draft framework for commercial nuclear power development.

Cement is tightly linked to national economic development, particularly in emerging markets undergoing rapid infrastructure expansion. However, the sector is also a major source of carbon emissions.

Indonesia is emerging as a promising destination for energy transition investments. Two of the country’s leading sovereign wealth funds have recently reaffirmed their commitment to scaling up investments in clean energy.

A few years ago, solar power became the “cheapest electricity in history”, but it still lacked the ability to meet demand 24 hours a day and 365 days a year. Since then, there have been significant improvements in the cost and performance of batteries.