News

Vietnam's National Assembly has approved the revival of nuclear power, with plans to develop nuclear energy to expand the use of low-carbon energy and achieve the national net-zero target by 2050.

Indonesian President Prabowo Subianto recently announced an ambitious climate commitment, drawing significant attention and discussion.

The Malaysian government is set to implement the Energy Efficiency and Conservation Act (EECA) next year, initially targeting buildings of large energy consumers in the manufacturing and commercial sectors.

At the recent G20 summit, Indonesian President Prabowo Subianto boldly declared plans to phase out fossil fuels entirely within 15 years and to bring forward the country's net-zero target by 10 years.

Thailand's Central Group is intensifying its sustainability initiatives in Vietnam. This includes the expansion of rooftop solar installations and efforts to reduce energy consumption, aimed at mitigating the impact of Vietnam's unstable power supply.

The Philippines' Subic Bay Freeport Zone has vowed to become the first carbon-neutral economic zone, launching a series of net-zero initiatives. These plans include creating a net-zero roadmap for buildings, applying carbon capture technology, and more.

PepsiCo, the American snack and beverage giant with a 30-year presence in Vietnam, is expanding its operations with a $400 million investment in new factories located in Ha Nam and Long An province.

Malaysia's Deputy Prime Minister revealed the country's timeline for phasing out coal-fired power plants to achieve its net-zero commitment by 2050. By 2035, Malaysia aims to reduce its coal power plants by half and retire all of them by 2044.

In early June, ten West African countries wrote to the Science Based Targets initiative (SBTi), urging that carbon offsets be included in corporate net zero standards, allowing companies to offset their emissions.

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.