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Renewable energy certificates (RECs) and carbon credit markets have emerged as critical tools for achieving net-zero targets. With overlapping goals, will these markets converge or diverge in the future?

Minister of Economic Affairs Kuo Chih-hui (郭智輝) reviewed Taiwan’s current power supply as soon as he assumed office, assuring that there would be sufficient power supply by 2030.

Singapore is planning to expand its data center capacity by more than one-third, aiming to integrate greener facilities to achieve sustainable growth in the energy-intensive industry, according to a state minister overseeing a new roadmap.

Indonesia has abundant solar resources. Some venture capital firms believe that Indonesia's photovoltaic potential is underdeveloped and estimate annual demand could reach as high as 36 GW, which is seven times the total investment from 2018 to 2021.

The UK ETS Authority announced on May 23 that it is launching a consultation on the inclusion of waste-to-energy, waste incineration, and carbon removals in the carbon emissions trading system.

Water infrastructure companies from Japan, South Korea, and China are eager to participate in Indonesia's multibillion-dollar project to build a new capital, with the first phase of the relocation set to begin in August.

To improve power infrastructure, the Philippines is incorporating nuclear energy into its energy transition plans and set to become a base for the U.S. Civil Nuclear Work Group in Southeast Asia.

Companies in Singapore aiming to offset part of their carbon tax liability will soon be able to purchase carbon credits from projects in Ghana, following an agreement signed between the two countries on May 27.

The Malaysia Forest Fund (MFF) introduced its Forest Conservation Certificate (FCC), aimed at redirecting funds from the private sector to back forest conservation initiatives in the country, serving as a non-market mechanism.

Malaysia government aims to ensure that 40% of the country’s primary energy mix comes from renewable sources by 2035, according to Deputy Prime Minister Fadillah Yusof.

It will take some time for Sabah to realize the tangible benefits from trading its first carbon credits from the state rainforest, said state Finance Minister Masidi Manjun.

The Indonesian Ministry of Energy and Mineral Resources (ESDM) is formulating a hydrogen energy plan that is expected to be implemented as early as 2025. The estimated total consumption will be between 125,000 and 245,000 tons.