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Indonesia's 1 trillion appeal to net zero raises concerns over lack of commitments
News

Indonesia's 1 trillion appeal to net zero raises concerns over lack of commitments

President Joko Widodo explained Indonesia's climate efforts, inviting global cooperation at COP28. However, some experts find these actions insufficient to solve the global climate crisis.
December 08, 2023
Indonesia’s carbon storage ambition could be a risky business
News

Indonesia’s carbon storage ambition could be a risky business

Indonesia officially launched its first Carbon Capture and Storage (CCS) project at the end of November. However, experts believe that Indonesia faces significant risks in becoming a hub for carbon storage.
December 08, 2023
GFEI: auto emissions could have dropped by 30% without SUVs
News

GFEI: auto emissions could have dropped by 30% without SUVs

Spacious and comfortable SUVs are the top choice for many car enthusiasts, but recent studies indicate that these large vehicles are one of the culprits hindering the global automotive industry's carbon reduction efforts.
December 07, 2023
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
Empowering Taiwan’s green future: NCU launches Graduate College of Sustainability and Green Energy
Interview

Empowering Taiwan’s green future: NCU launches Graduate College of Sustainability and Green Energy

The National Central University inaugurated in November the Graduate College of Sustainability and Green Energy (SAGE), the first ever in Taiwan, to cultivate sustainability professionals and foster green innovation.
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
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