Southeast Asia braces for more oil volatility ahead of OPEC meeting
Most economies are net crude importers and benefit from lower prices JAKARTA — Rattled by rapid oil price swings in recent months, Southeast Asian economies are on tenterhooks ahead of an OPEC meeting this week that is expected to result in a supply cut to boost prices. The recent plunge in prices — the benchmark […]
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 […]
Southeast Asia’s renewables held back by policy inaction: IRENA
In Southeast Asia, though, barring some exceptions such as in Thailand, support for renewables has been smaller, and the region lags far behind others in renewable output despite its potential, especially for solar, geothermal and wind power. New Delhi: Southeast Asia is a potential hotspot for renewable energy, yet the region has not met expectations […]
Southeast Asia’s Clean Energy Challenge
While the region can’t give up on coal for now, there is a lot it can do to get clean. December 12 marks the third anniversary of the Paris Agreement, a compact intended to catalyze a global reduction in carbon emissions. Yet all the statistics suggest the problem is getting worse: the latest report from the International Energy […]
Southeast Asia’s electric car revolution
Driving attitudes across the region has changed dramatically with the introduction of electric vehicles into the personal mobility market. As more and more consumers become environmentally conscious, the demand for electric vehicles has seen an uptick. A report by Bloomberg New Energy Finance (BNEF) indicates that in 2040, 54 percent of cars sold will be […]
Southeast Asian coal demand to grow at fastest rate in world
TOKYO — Southeast Asian coal demand is forecast to rise 5% yearly through 2023 for the fastest growth rate worldwide, an International Energy Agency […]
Southern provinces want environmentally-friendly LNG power, not coal power
HÀ NỘI — The building of new thermopower plants has recently become a cause célèbre in the country as economic demands and environmental concerns face off, especially with a number of localities rejecting central Government-approved plants. Việt Nam needs an enormous amount of energy to feed one of the fastest growing economies in the world, […]
SP Group launches platform for households, small producers of solar energy to sell ‘green credits’
SINGAPORE – It is now easier for small producers of solar energy in Singapore to sell “green credits” to buyers keen to offset their carbon footprint. To link up these buyers and sellers, SP Group has launched a digital marketplace powered by blockchain technology, thus ensuring safe, transparent and fast transactions. The power utilities firm […]
SP Group unveils green energy trading marketplace
City Developments Limited and DBS were amongst the first of its renewable energy certificates (RECs) buyers. Singapore’s SP Group launched a digital marketplace powered by blockchain technology to allow companies to trade RECs which is a document used to offset the use of non-renewable energy, an announcement revealed. “Through blockchain technology, we enable companies to […]
Spoilt for choice, will Singaporeans switch to green power?
The liberalisation of Singapore’s electricity market has given consumers the freedom to choose their electricity providers. Will price comparison platforms like Voltz help Singaporeans switch to green energy? From 1 November, Singaporeans were given the power to choose their electricity provider. This is a first for Singapore residents—households have only been able to buy electricity from the national provider […]