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Annual carbon market review and outlook for 2024
Research

Annual carbon market review and outlook for 2024

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
January 24, 2024
ASEAN EV booms, Thai and Indonesia contribute the most
News

ASEAN EV booms, Thai and Indonesia contribute the most

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.
January 22, 2024
Nefin aims for 100 MW solar projects in Southeast Asia this year
News

Nefin aims for 100 MW solar projects in Southeast Asia this year

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.
January 08, 2024
OCBC to create decarbonization fund to aid Southeast Asia’s energy shift
News

OCBC to create decarbonization fund to aid Southeast Asia’s energy shift

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.
December 28, 2023
Singapore’s first public sector sustainability report: no bottled water
News

Singapore’s first public sector sustainability report: no bottled water

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.
December 22, 2023
Vietnam shaping 2 renewable energy industrial and service centers
News

Vietnam shaping 2 renewable energy industrial and service centers

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
December 12, 2023
Taiwan exchange set to kick off trading for first batch carbon credits
News

Taiwan exchange set to kick off trading for first batch carbon credits

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.
December 12, 2023
Vietnam’s GSM starts pure EV taxi service in Laos
News

Vietnam’s GSM starts pure EV taxi service in Laos

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.
November 15, 2023
Japan, Korea to set up hydrogen, ammonia supply network, says Nikkei
News

Japan, Korea to set up hydrogen, ammonia supply network, says Nikkei

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.
November 13, 2023
Vietnamese turn to rooftop solar as outages hit country
News

Vietnamese turn to rooftop solar as outages hit country

Solar panels are poised to cover rooftops across Vietnam now that Southeast Asia's top generator of solar energy and a major manufacturer of PV cells, targets 50% of homes and offices to have panels by 2030. This is also to strengthen the power supply.
November 09, 2023
Indonesia inaugurates Southeast Asia's largest floating solar farm
News

Indonesia inaugurates Southeast Asia's largest floating solar farm

The largest floating solar farm is Southeast Asia is put into use in West Java on Thursday. President of Indonesia Joko Widodo was at the ceremony and said, “today is a historical day.”
November 09, 2023
SK Group advances renewable energy push in Vietnam
News

SK Group advances renewable energy push in Vietnam

South Korea’s SK Group will reinforce its partnership with the Vietnamese government to boost eco-friendly business in areas ranging from carbon capture to waste recycling, solar and wind power.
November 03, 2023
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