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News
July 03, 2025
Banks bet big on fossil fuels, boosting financing in 2024, report finds
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.
July 02, 2025Vietnam sets offshore wind rates, eyes first project launch by end of 2025
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).
July 01, 2025Indonesia’s 10 GW renewables goal at risk as PLN faces criticism over slow progress
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.
July 01, 2025Specter of dams and diversion looms over Southeast Asia’s Salween River
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.
June 26, 2025How solar panels and batteries can now run ‘close to 24/365’ in some cities
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.
June 25, 2025As prices surge, what next for China’s green power certificates?
Energy-intensive businesses now need to green some of their electricity use. Certificates to prove it have shot up in price.
June 24, 2025Israel-Iran conflict: Strait of Hormuz threat raises energy security concerns for Asia
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.
June 24, 2025Global energy giants bet on Vietnam’s offshore wind: Will 2027 be the turning point?
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.
June 24, 2025Military has understood strategic advantages of low-carbon technology, security researcher says
The re-arming of Europe looks set to become one of the most dynamic policy areas for the EU in the foreseeable future. Hundreds of billions of euros will be invested between Portugal and Finland in the coming years to bolster national militaries.
June 19, 2025Indonesian utility PLN ‘kneecaps renewables’ with embrace of fossil fuels
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.