Moody’s says Cambodia among four ASEAN economies with ‘Highly Negative’ exposures to physical climate risks
Cambodia, Indonesia, Laos and Vietnam have “highly negative” exposures to physical climate risks while the exposure of the Philippines is “very highly negative,” Moody’s Investors Service says.
National energy policy signals industry players to participate in energy transition
The National Energy Policy 2022-2040 launched today sends a clear signal to oil and gas, services and equipment (OGSE) companies to participate in the energy transition as the government prioritises environmental sustainability.
Need extra Rp200 trillion annually to meet NDC target: ministry
Indonesia needs additional funding of about Rp200 trillion (US$13.68 billion) per year to meet its Nationally Determined Contribution (NDC) target to mitigate climate change, an official has said. Indonesia has committed to cutting greenhouse gas emissions by 29 percent through its own efforts and by 41 percent with international support by 2030. In addition, the […]
Opportunities for Singapore, Indonesia to work together in green, digital economy: Lawrence Wong
There can be more opportunities for cooperation between Singapore and Indonesia in new sectors of the economy, said Finance Minister Lawrence Wong on Friday (May 20) at the close of a four-day official visit to Indonesia.
Partnerships lead Mitsubishi Heavy Industries’ drive toward a fair energy transition
Whether reading the news or stepping outside our front doors, the climate crisis has changed from an abstract theory to a grim reality for many of us this summer. And the facts bear out our experience.
PBBM bats for energy diversification to address climate change
MANILA – President Ferdinand R. Marcos Jr. on Thursday emphasized the importance of diversifying energy sources to sustain global economic growth and avoid the worst impacts of climate change.
PETRONAS and JOGMEC to cooperate in energy transition initiatives
PETRONAS has signed a Memorandum of Cooperation (MoC) with Japan Organization for Metals and Energy Security (JOGMEC) to cooperate in energy transition initiatives towards achieving respective energy transition and decarbonisation targets.
Petronas clean energy arm sees India, Australia as key in rapid growth plans
Gentari, the clean energy arm of Malaysia’s state oil firm Petronas, sees India and Australia as its key markets for growth and expects to tap more financing to meet its ambitious targets, its chief executive told Reuters.
PetroVietnam looks to partner with Equinor in offshore wind power development, hydrogen production
General Director of the Vietnam Oil and Gas Group (PetroVietnam) Le Manh Hung has proposed that PetroVietnam and Norwegian energy firm Equinor promptly build a roadmap to implement their joint offshore wind power and hydrogen production projects in Vietnam during a recent meeting with Equinor Director Anita H. Holgersen in Hanoi.
PetroVietnam rolls out measures to facilitate energy transition
Despite various difficulties, the Vietnam National Oil and Gas Group (PetroVietnam) has rolled out measures to keep operations buoyant in the current situation and to engage in energy transition based on the future of the industry.