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Attracting Private Financing for Green Projects Needs Concerted Efforts: HSBC

Jakarta. Sustainable finance, aka financial services that pay special attention to their  environmental, social and good governance aspects, can reduce gaps in infrastructure financing—a constraint that has held back long-term growth in Southeast Asia, top executives at London-based lender HSBC said. In its Group Public Affairs Policy note distributed at the 23rd Asean Finance Ministers […]

Asean launches facility to mobilize US$1 billion for green infrastructure

Southeast Asian governments, the Asian Development Bank (ADB), and development financiers launched the Asean Catalytic Green Finance Facility, a new initiative to spur more than US$1 billion in green infrastructure investments across Southeast Asia. The launch ceremony was held in Chiang Mai, Thailand, on April 4 and was witnessed by Thailand’s Minister of Finance Apisak […]

ASEAN fast becoming a renewable energy hub

Technological innovations and favourable government policies are among the four trends expected to drive Southeast Asia’s transition to renewable energy in the coming years. A report published by global auditing firm KPMG on Tuesday titled ‘The Renewable Energy Transition’ noted that while there are still 70 million ASEAN citizens without access to reliable electricity, the […]

Solar power gets more cost-competitive in Asean

RENEWABLE energy sources can be just as – or even more – cost-competitive than conventionally generated power in South-east Asia, a study by the Asean-German Energy Programme has found. “With a few years of development, solar PV (photo-voltaic) could potentially compete with conventional energy sources, especially if it was assumed that the prices of the […]

ASEAN’s energy transition on the right track

Yesterday, the World Economic Forum (WEF) launched the fifth edition of their Energy Transition Index (ETI), ranking 115 economies on how well they are able to balance energy security and access with environmental sustainability and affordability. The report considered both, the current state of the countries’ energy systems as well as their readiness to adapt […]

US offers help to ASEAN countries on oil and gas exploration ventures

HOUSTON, Texas – The United States (US) government is offering help to countries in the Southeast Asian region – primarily those wanting to extract oil and gas resources within their exclusive economic zones but investment flows are being impeded by diplomatic skirmish with Asian super power China. In his keynote address at the CERAWeek here, […]

Energy deregulation in ASEAN: Quicker isn’t necessarily better

At different paces, ASEAN countries are studying the feasibility of energy deregulation. The term applies to the transition from regulated to market-based energy prices. Some ASEAN countries embark on an energy deregulation journey to increase sustainability. With market-based prices, the energy sector is forced to become more efficient and to look for novel ways to […]

ASEAN’s insatiable demand for energy

As Southeast Asia becomes one of the fastest developing regions in the world, concerns over its energy security is fast growing. Southeast Asia has a combined population of over 600 million people and an economy worth nearly US$3 trillion. Furthermore, the World Economic Forum (WEF) forecasts that the region will become the fifth largest economy in […]

Waste-to-energy: A renewable opportunity for Southeast Asia?

Southeast Asia’s urban population is projected to rise to nearly 400 million by 2030, requiring significant investment in waste management to cope with the increase in garbage. The growth in electricity demand is also prompting countries to more than double generation capacity by 2040. One obvious and quick solution to these two needs is waste-to-energy, a catch-all […]

Investing in Southeast Asia’s electricity

Southeast Asia is a growing region with countries here averaging growth rates of 5.1 percent. This situation has rightly prompted a rise in energy demand within the region. Between 2000 and 2016, economic growth in the region spurred a 70 percent increase in primary energy demand. To that end, governments in Southeast Asia have implemented […]