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UK regulator can fine up to 10% of global turnover for greenwashing
News

UK regulator can fine up to 10% of global turnover for greenwashing

In the UK, 40% of large businesses face hefty fines for greenwashing in 2024, as stringent consumer protection regulations implemented by the Competitions and Markets Authority and the EU take effect.
March 25, 2024
Thailand commits to accelerating green energy trading liberalization by year’s end
News

Thailand commits to accelerating green energy trading liberalization by year’s end

The direction of Thailand's "Direct Power Purchase Agreement" is set to become clearer. Chai Wacharonke, spokesperson for the Thai Prime Minister's Office, stated that Prime Minister instructed to expedite the policy to liberalize green energy trading in
March 25, 2024
Advantech to advance into renewable energy, carbon credit procurement services
News

Advantech to advance into renewable energy, carbon credit procurement services

Taiwan-based industrial PC (IPC) maker Advantech has introduced the WISE-iEMS system, utilizing generative AI technology to proactively provide energy-saving strategies, promoting the sustainable transition of the industrial chain.
March 25, 2024
Indonesia to announce carbon emission caps to revitalize carbon credit market
News

Indonesia to announce carbon emission caps to revitalize carbon credit market

Indonesia Ministry of Environment and Forestry has announced its intention to soon implement the Technical Approval for Emission Limits (PTBAE) set by the Minister of Energy and Mineral Resources (ESDM) and strongly believed that this regulation can enhan
March 25, 2024
Mitsubishi, PTT to explore ammonia-fired power in Thailand
News

Mitsubishi, PTT to explore ammonia-fired power in Thailand

Thai state-owned oil and gas firm PTT and Japan’s Mitsubishi Heavy Industries Asia Pacific have started a collaborative pre-feasibility study into utilizing 100% ammonia in gas turbine power generation in Thailand.
March 22, 2024
Off-grid solar lights up lives in Indonesian remote village
News

Off-grid solar lights up lives in Indonesian remote village

Life in the village of Laindeha on the island of Sumba, Indonesia, used to grind to a halt at sunset. However, everything transformed three years ago with the introduction of electricity.
March 22, 2024
Indonesia to reassess geothermal potential to attract investment
News

Indonesia to reassess geothermal potential to attract investment

Indonesia’s strategic location along the Pacific Ring of Fire endows it with approximately 40% of the global geothermal reserves. Despite having a geothermal generation capacity of around 24 GW, limited demand has hindered investment attraction. As a resu
March 22, 2024
Hundreds of firms drop SBTi net-zero commitments due to Scope 3 challenges
News

Hundreds of firms drop SBTi net-zero commitments due to Scope 3 challenges

The Science Based Targets Initiative (SBTi) continues to track the implementation of net-zero commitments among businesses. In its latest update, 239 companies are marked as "Commitment Removed", including major multinational corporations such as Microsof
March 22, 2024
Tips in purchasing unbundled renewable energy certificates in Southeast Asia
Research

Tips in purchasing unbundled renewable energy certificates in Southeast Asia

Total issuance of I-RECs and TIGRs saw a 130% year-on-year growth last year in the region. There is little doubt that renewable energy certificates (RECs) are growing in popularity as a tool for scope 2 decarbonization in Southeast Asia.
March 22, 2024
Top 10 greenwashing fine rankings with car, retail giants on the list
News

Top 10 greenwashing fine rankings with car, retail giants on the list

With greenwashing penalties expected to rise in frequency and severity in increasing in certain jurisdictions, a German startup focused on plastic reduction, CleanHub, has compiled a ranking of the largest greenwashing fines given out to date.
March 21, 2024
U.S. to fund $500 million in green exports to Vietnam
News

U.S. to fund $500 million in green exports to Vietnam

The U.S. has signed a $500 million deal to promote green exports to Vietnam, the source of the country's third-largest trade deficit and a quickly rising manufacturing alternative to China.
March 21, 2024
2024 Carbon Forward Asia: In-depth Analysis
Research

2024 Carbon Forward Asia: In-depth Analysis

The development of the global carbon market has received widespread attention. On March 7 and 8 in Singapore, the Carbon Forward Asia event gathered industry experts and scholars to discuss the current market situation and future trends. Participants from
March 21, 2024
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