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ASEAN countries lag on renewable energy

The bad news is that oil prices have gone up after years of low prices. The good news is that this will drive green energy up to its highest levels in the next decade or sooner. It is good to note that the rising prices of oil have prompted tidal moves towards renewable energy development, […]

Renewable energy faces policy and mechanism barriers

This was announced by Bruno Angelet, head of the delegation of the European Union to Vietnam at the second high-level meeting of Vietnam Energy Partnership Group (VEPG) with the theme “Joining hands for a sustainable energy future in Vietnam.” Notably, the meeting discussed the policy recommendations of the VEPG Technical Working Groups, which aim to […]

Indonesia Struggles to Meet Renewable Energy Target

JAKARTA — Indonesia says it is unlikely to meet renewable energy targets it set after the Paris climate agreement, causing critics to call for changes in government policy. At the recent Indonesia Clean Energy Forum (ICEF) in Jakarta, Indonesian Minister of Energy and Mineral Resources Ignasius Jonan said he is pessimistic Indonesia will be able to […]

PHL lands on top 10 list of ‘most attractive’ markets for clean energy

The Philippines is one of the most attractive markets for clean energy investments, according to a recent study published by the Bloomberg NEF. This year’s Climatescope Emerging Market Outlook showed the country ranked 6th out of 103 economies with a score of 2.29. This is the first time the Philippines was included in the study. […]

PM: Malaysia to promote potential of green industries and jobs in Asean

KUALA LUMPUR: Malaysia hopes to promote the identification of potentials and prospects for green industries and jobs in Asean member states besides developing corresponding policies. Prime Minister Tun Dr Mahathir Mohamad said this while referring to the Malaysia’s role as the chair of the association’s labour sector from 2018 to 2020. “Going further, we look […]

Government optimistic of meeting 20pc renewable energy target over next seven years

KUALA LUMPUR, Nov 27 — The government is optimistic of achieving its target of 20 per cent electricity generation from renewable energy (RE) sources, equivalent to 3,991 megawatt (MW), over the next seven years via various initiatives, programmes and policies. To realise this target, Minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee […]

Malaysia’s Petronas sets up team for renewable energy push

KUALA LUMPUR (Reuters) – Malaysian state-owned oil and gas firm Petroliam Nasional Berhad, or Petronas, has set up a new business within the group to make a push into renewable energy, the head of the new venture said on Tuesday. Petronas has expressed interest over the last year to diversify into renewables amid low oil […]

Southeast Asia one of the most vulnerable regions to climate change: Eco-Business report

Southeast Asia is one of the most vulnerable regions in the world to climate change, with coastlines and densely populated low-lying areas that are increasingly threatened by rising sea levels, according to a study by Eco-Business. The new report on Asean’s energy landscape titled “Power Trip: Southeast Asia’s journey to a low carbon economy” found […]

Shell: Switching to renewables in the 90s would have bankrupted us

Energy giant was aware of the impacts of global warming decades ago. But shifting to renewables early on would have ruined the company, a top executive said this week. Suing fossil fuels firms for climate change is “a waste of society’s money and time,” he said. Although Shell was aware of the catastrophic consequences of climate […]

Prabowo makes case for Indonesia to be self-sufficient

Presidential candidate’s big push strategy includes food, water, energy self-sufficiency Indonesia’s presidential candidate Prabowo Subianto has said he has a “big push strategy” to make the country a prosperous nation, catching up with some of its South-east Asian neighbours. Among the core programmes is achieving self-sufficiency in food, energy and water, Mr Prabowo said in […]