Renewable capacity in ASEAN has more than doubled over the past decade, but an investment of up to USD 10.7 billion in smart grids will be needed to meet rising power demand and sustain economic growth, according to Ember.
Indonesia has reopened its carbon market to international buyers after a four-year hiatus. President Prabowo Subianto signed a presidential regulation on Oct. 10 allowing the cross-border sale of Indonesian carbon credits.
The Bursa Malaysia carbon exchange, established by the Malaysian stock exchange, hosted the ASEAN Carbon Market Forum on Oct. 15 under the theme “Empowering Regional Climate Actions Through the ASEAN Common Carbon Framework.”
Malaysia unveiled its USD 111 billion budget for 2026 on Oct. 10, which includes plans to introduce a carbon tax next year, initially targeting the steel, cement, and energy sectors.
Singapore’s Parliament on Oct. 14 passed the Civil Aviation Authority of Singapore (Amendment) Bill, paving the way for a green fuel levy on all departing air passengers starting in 2026.
Thailand’s new Power Development Plan (PDP) is expected to be released next year, with the Energy Policy and Planning Office (EPPO) revealing that addressing the rapid growth of solar power generation will be a central focus.
Mets, the Philippines’ leading cold-storage provider, has signed a renewable-energy supply deal with First Gen Corp., the country’s largest geothermal supplier, to cut costs and emissions in this energy-intensive sector.
Vietnam is tightening regulations on product and packaging recycling, requiring companies to either handle waste collection themselves or contribute to a recycling fund to comply with extended producer responsibility (EPR) requirements.