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Thai electric bus operator, Energy Absolute, announced on Jan 8 that it had sold the first carbon offsets under a new system established by the Paris Agreement to a Swiss fossil fuel group, a major landmark for putting into action the UN climate accord.

Indonesian government officials recently ruled that 200,000 hectares of oil palm plantations are planned to be returned to the state and converted back into forests, and that figure may increase.

Global economic growth has slowed down, and Vietnam is no exception. Despite this, there are bright spots in public investment and Foreign Direct Investment (FDI) projects; capital from China, Hong Kong, and Taiwan has flowed back into Vietnam.

Malaysia’s Minister for Natural Resources and Environmental Sustainability, Nik Nazmi, is taking measures to tackle climate change by proposing a substantial shift in energy subsidies and promoting sustainable practices.

As demand for decarbonization grows, discussions surrounding carbon capture have gained momentum. However, the technology has also drawn mounting opposition.

According to the report from Indonesian government, the country’s green hydrogen potential is projected to reach 185,101 GWh by 2060. The report also pledges that Indonesia aims to become a green or low-carbon hydrogen exporting country as early as 2030.

Vietnam Electricity Group (EVN) held its annual conference on Jan. 2, to review the past year's performances and announce new objectives. The attention was focused on how to resolve the power shortages issue and whether electricity prices will rise again.

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.

Pertamina and Japan’s JERA have signed a Memorandum of Understanding (MoU) to work on business opportunities, focusing on enhancing the value of the fuel value chain and infrastructure investment in low-carbon fuels like LNG, hydrogen and ammonia.

A recent report from the Malaysia Investment Bank suggests that in the next 5-10 years, listed companies in ASEAN countries will significantly adopt green energy, especially as global pressure to reduce carbon intensity continues to rise.

The Indonesian government is expanding the adoption of electric vehicles. Starting January 3, 2024, all officials from the first and second tiers of State-owned Enterprises will exclusively use electric vehicles as their official vehicles.

The promotion of electric motorcycles in Indonesia has not been as effective as expected. Indonesia Ministry of Industry has promised to release battery standardization regulations this January.