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Philippines eye first coal-plant phase-out by carbon finance
News

Philippines eye first coal-plant phase-out by carbon finance

The Rockefeller Foundation collaborates with ACEN, a major Philippine energy player, using carbon financing for the early decommissioning and transition of a coal-fired power plant in the Philippines to renewable energy.
December 07, 2023
Malaysia considers REI for coal phase-out, examines Vietnam's JETP deal
News

Malaysia considers REI for coal phase-out, examines Vietnam's JETP deal

Malaysia is actively contemplating about the implementation of request for information (RFI) mechanisms for coal carbon reduction and potential early coal phase-out, said Nik Nazmi at COP28.
December 06, 2023
MOIT presents draft of electricity pricing for charging station
News

MOIT presents draft of electricity pricing for charging station

Vietnamese Ministry of Industry and Trade (MOIT) has proposed a draft of retail electricity pricing with 3 different approaches for calculating electricity tariffs for electric vehicle (EV) charging stations.
December 06, 2023
Thai Eastern cut cost by 48% through biogas project
News

Thai Eastern cut cost by 48% through biogas project

The Thai Eastern Group Holdings converts discarded palm empty fruit bunches and palm oil residues into biogas, resulting in a 48% reduction in production costs for the company.
December 06, 2023
IMF sees high carbon price as best incentive for decarbonization
News

IMF sees high carbon price as best incentive for decarbonization

The IMF is keen to see the price of carbon increase to give the "biggest possible incentive for decarbonization.” “That price needs to go up, up, up if we are to speed up decarbonization", said its Managing Director Kristalina Georgieva at COP28.
December 05, 2023
Indonesia’s carbon market flats, even no trading
News

Indonesia’s carbon market flats, even no trading

After IDX Carbon launch, Indonesia's trading volume briefly outpaced Japan and Malaysia. However, a British media found little activity over the past 2 months, contrasting the earlier surge.
December 05, 2023
Indonesia finalizes renewables target with G7 climate finance plan
News

Indonesia finalizes renewables target with G7 climate finance plan

Indonesia has officially finalized the Comprehensive Investment and Policy Plan (CIPP), aiming to persuade the members of the JETP to secure $20 billion in funds for green energy transformation.
December 04, 2023
Japanese bank invests in CIX to expand Asia’s carbon credit market
News

Japanese bank invests in CIX to expand Asia’s carbon credit market

CLIMATE Impact X has secured investment from Japan’s Mizuho Financial Group, which will collaborate with the Singaporean carbon exchange to meet the growing demand for international carbon credits among Japanese companies.
December 04, 2023
Geothermal projects heat up in Philippines, Indonesia amid energy transition
News

Geothermal projects heat up in Philippines, Indonesia amid energy transition

Geothermal power generation development is gaining steam in Indonesia and the Philippines, both have some of the world's largest reserves, as companies raise funds to capitalize on the shift towards renewable energy.
December 04, 2023
Manila Water signs solar PPA with Ditrolic Energy for green transition
News

Manila Water signs solar PPA with Ditrolic Energy for green transition

Water and sanitation company Manila Water has inked a 15-year solar power purchase agreement (PPA) with energy provider Ditrolic Energy Philippines.
December 01, 2023
Vietnam has 305 green buildings but still lacks mandatory regulations
News

Vietnam has 305 green buildings but still lacks mandatory regulations

Vietnam has a total of 305 green buildings with a combined certified construction area of nearly 7.5 million square meters by September 30, 2023, according to Nguyen Cong Thinh, Vice General Director of the Department of Science, Technology and Environmen
December 01, 2023
Singapore invests SGD 164 million in EV buses, biggest purchase by LTA
News

Singapore invests SGD 164 million in EV buses, biggest purchase by LTA

Singapore continues to expand the electrification of its public bus fleet, with the Land Transport Authority (LTA) announcing a new investment of 164 million SGD for electric buses last Saturday.
December 01, 2023
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