News

The world's biggest Consumer Electronics Show (CES 2024), focused on artificial intelligence and electric vehicles this year. VinFast, known as the “Tesla of Vietnam”, introduced three vehicles, including electric SUV, pickup truck, and electric bike.

The public hearing on the Energy Ministry’s Utility Green Tariff (UGT) project is expected to be held this month, with the tariff anticipated to be implemented in February, as announced by Thailand’s Energy Minister Pirapan Salirathavibhaga on Jan 15.

Indonesian President Joko Widodo visited Vietnam’s automaker VinFast’s factory on Jan 13 and said that he would create the necessary conditions for the EV maker to be able to quickly build a plant and invest in Indonesia.

Indonesian pro-nuclear organization, the Nuclear New Energy Association (MEBNI), meets Indonesia’s vice president Ma’aruf Amin to seek for government support for the first nuclear power plant in the country.

The green energy continues to expand, with the IEA reporting a significant 50% growth in global renewable energy in 2023 compared to the previous year. This growth added 510 GW, marking the fastest increase in two decades.

Indonesia’s Financial Services Authority (OJK) is optimistic that carbon exchange will continue to grow in 2024. As of Nov 30 in 2023, the trading volume on IDX Carbon reached 494,000 tons of CO2e, with a transaction value of IDR 30.91 billion.

The Bezos Earth Fund, a philanthropy funded by Jeff Bezos in 2020 with a commitment of $10 billion to tackle climate change, announced on Jan 10 that a $1 million ideation prize to generate creative ideas and solutions to remove greenhouse gas emissions.

Thailand is preparing to join the league of countries implementing a carbon tax. Ministry of Finance revealed that the department has been collaborating with both domestic and international organizations to draft carbon tax regulations.

Sarawak Energy Berhad (SEB) has become the first major corporation in Malaysia to receive international recognition as the Science Based Target Initiative (SBTi) validates the state-owned energy firm’s near-term carbon emissions reduction target.

Affected by the slowdown in global growth, Vietnam's leading textile enterprise, the Vinatex, admitted that 2023 was the most challenging year. However, the market in 2024 is expected to gradually recover, and more emphasis on green transformation.