News

Singaporean financial service group Oversea-Chinese Banking Corp. (OCBC) has partnered with Japan’s investment firm Mercuria Holdings to create a fund of up to $500 million to finance decarbonization-related businesses in Southeast Asia.

Indonesia has officially finalized the Comprehensive Investment and Policy Plan (CIPP), aiming to persuade the members of the JETP to secure $20 billion in funds for green energy transformation.

Water and sanitation company Manila Water has inked a 15-year solar power purchase agreement (PPA) with energy provider Ditrolic Energy Philippines.

Bangkok’s biggest shopping center, Megabangna has invested 1 billion baht embracing clean solar energy and expected to mitigate the emission of approximately 210,592 million tons of carbon dioxide. Thai businesses are accelerating in green transformation,

Indonesia slashes its 2030 target for carbon emissions from the power sector and boost its renewable energy generation share in a draft roadmap released on Nov. 1 for $20 billion in financing from rich nations to wean off coal.

Amid escalating climate change, financial institutions are playing a key role in driving Thailand industries towards a greener economy.

Singapore is leading in efforts to achieve net zero, as pointed out by 150 industry leaders surveyed by SEAS, followed by Vietnam and Thailand.

Indonesia plans to unveil its $20 billion energy transition investment plan next month as Jakarta works to address issues related to funding and the energy mix for the initiative.

Indonesia emerged as one of the world’s strongest markets for IPOs this year. Part of the reasons is the intensive rush to transition from fossil fuels and into green energy.

Retail developer Siam Piwat has pledged to achieve net-zero greenhouse gas emissions by 2050, starting with a commitment to using 100% renewable energy by 2030.