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Despite clear policies, rising electricity demand and environmental disasters like droughts have pushed Vietnam to expand coal power. PwC suggests Vietnamese companies to create energy transition plans and strategies to tackle global climate change.

The Indonesian government has announced a national rooftop solar power quota plan, allocating a total of 901 MW for this year in 11 regulated regions, with annual increases planned to reach a total capacity of 5,746 MW within five years.

The Integrity Council for the Voluntary Carbon Market (ICVCM) has announced the first batch of carbon credit methodologies to pass their review.

Anticipating continuous domestic growth in electricity demand, Singapore plans to add two more natural gas hydrogen-compatible power plants by 2030 to ensure stable and secure power supply.

Following Singapore, Thailand will become the second ASEAN country to implement a carbon tax ahead of CBAM. Thailand plans to levy carbon taxes in 2025, aligned with the enactment of the “Global Warming Act”.

Recently, Prime Minister Srettha Thavisin announced at an event, "Thailand will achieve 50% renewable energy by 2040." However, Thailand's green energy share is only 16.61%. How will he achieve this goal? What challenges are there?

To accelerate decarbonization efforts in the power sector, Southeast Asian countries require strategic climate assistance. Therefore, the implementation of projects like the Just Energy Transition Partnerships (JETPs) is crucial for developing economies.

The rare earth elements used in making EVs and wind turbines are vital to renewable energy technology. Vietnam boasts abundant rare earth resources but suffers from a lack of advanced technology, leading to a continued decline in extraction volumes.

Malakoff has recently launched its biomass co-firing project at its 2,100 MW coal-fired Tanjung Bin Power Plant (TBPP) in Pontian, Johor. It aims to co-fire up to 15% biomass with coal by 2027.

In a significant move to enhance regional energy cooperation, Singapore, Cambodia, and Lao PDR have established a working group aimed at facilitating cross-border electricity trade and advancing the ASEAN Power Grid (APG) vision.