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Hyosung Group continues to expand its investments in Vietnam, recently venturing into low-carbon green products in Ba Ria-Vung Tau. The company is preparing to develop biodegradable fibers and Hydrotreated Vegetable Oils (HVO).

Effecting the energy transition is no simple matter, however. Large-scale deployment of renewables requires enormous investment. Yet in ASEAN, as in developing countries elsewhere, such projects face a range of problems.

Southeast Asia stands at a critical juncture in its energy transition journey. As a region with diverse energy landscapes, it is grappling with the challenge of decarbonizing its power sector amid growing environmental and economic imperatives.

In 2023, the EU launched a sweeping Carbon Border Adjustment Mechanism (CBAM), ushering the global carbon market into a new era; China's carbon prices saw record highs despite a lack of trading momentum; South Korea introduced its first carbon neutrality

The electric vehicle (EV) market in Southeast Asia is undergoing rapid expansion, with Ernst & Young Global Limited forecasting that annual EV sales in the ASEAN six countries could reach 8.5 million units by 2035.

Nefin Group, an independent green power producer, targets to secure 100 MW of solar power projects across Southeast Asia in 2024, with Malaysia expected to contribute over 30% of the total, driven by an expansion in market penetration and market share.

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.

Singapore is leading other Southeast Asian countries by releasing its first government sustainability report. Besides carbon reduction achievements, the government has announced the gradual elimination of single-use items.

As the Ministry of Industry and Trade (MOIT) in Vietnam proposes the latest development direction to the Prime Minister, anticipates establishing two cross-regional RE industrial and service centers located in the Northern and South Central to Southern ar

The Taiwan Carbon Solution Exchange (TCX) will start trading carbon credits on Dec. 22, offering international credits from seven countries in Asia, Africa, and South America at a price of US$5 to US$15 per metric ton of CO2 equivalent.

GSM, a ride-hailing firm founded by the owner of Vietnam’s EV maker VinFast, has launched its electric taxi service this month in Vientiane, Laos, to promote green mobility in Southeast Asia.

Japan and South Korea will establish a supply chain for hydrogen and ammonia fuels and leaders of two countries will announce the framework on Nov. 17 in the U.S., where they are expected to join the APEC meeting.