News

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).

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.

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.

Amid rising tensions in the Middle East, Iranian authorities have threatened to block the Strait of Hormuz, a critical chokepoint for global energy trade. Roughly 80% of oil and gas exported through the strait is destined for Asia.

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.

To help businesses advance their net-zero transformation, RECCESSARY, a new energy and carbon market media platform, and EnergyOMNI, a net-zero knowledge platform, jointly hosted the New Energy and Carbon Market Business Forum on June 19.

Indonesia’s state-owned power utility, PLN, plans to expand fossil fuel generation by more than 20% by the mid-2030s, prioritizing gas and coal plants while delaying large-scale renewable rollouts until the early 2030s.

As the founder of the bilingual energy media platform EnergyOMNI, Xin-En Wu has become a prominent observer and active participant in Taiwan's evolving energy policy and transition landscape.