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Despite slowing GDP growth, coal consumption is on the up, largely due to a failure to improve energy efficiency.

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.

The largest and only solar irrigation system in the Philippines was officially inaugurated on June 10. The local government has applied renewable energy to agricultural projects, reducing the use of fossil fuels and lowering carbon emissions.

The Indonesian government has announced a national rooftop solar power quota plan, allocating a total of 901 MW for this year in 11 regulated regions, with annual increases planned to reach a total capacity of 5,746 MW within five years.

Anticipating continuous domestic growth in electricity demand, Singapore plans to add two more natural gas hydrogen-compatible power plants by 2030 to ensure stable and secure power supply.

The Integrity Council for the Voluntary Carbon Market (ICVCM) has announced the first batch of carbon credit methodologies to pass their review.

To accelerate decarbonization efforts in the power sector, Southeast Asian countries require strategic climate assistance. Therefore, the implementation of projects like the Just Energy Transition Partnerships (JETPs) is crucial for developing economies.

Recently, Prime Minister Srettha Thavisin announced at an event, "Thailand will achieve 50% renewable energy by 2040." However, Thailand's green energy share is only 16.61%. How will he achieve this goal? What challenges are there?

Following Singapore, Thailand will become the second ASEAN country to implement a carbon tax ahead of CBAM. Thailand plans to levy carbon taxes in 2025, aligned with the enactment of the “Global Warming Act”.

The rare earth elements used in making EVs and wind turbines are vital to renewable energy technology. Vietnam boasts abundant rare earth resources but suffers from a lack of advanced technology, leading to a continued decline in extraction volumes.

The power shortage crisis in northern Vietnam last year is still vivid. With the expectation of electricity demand surge, Vietnam Electricity (EVN) has implemented various measures to manage power distribution and alleviate the pressure on supply.