The new decree is seen as the latter of two policy moves needed to jumpstart the country’s clean energy market. New funding is already flowing, but concerns remain as to whether Vietnam’s power grid can handle more renewables.
Some question if the US$3 billion deal may yet be revived, given vague terms under the country's resource mobilisation plan announced last year that might allow a renegotiation. Observers say the termination is 'good news' for Vietnam's energy transition goals.
Countries should invest in localising major portions of their supply chains, and source affordable solar modules and turbines from China, according to the Institute for Energy Economics and Financial Analysis.
For Southeast Asia, it need not be a binary choice between maintaining status quo or pushing for 'degrowth'. Reducing emissions without neglecting job growth imposes lower social costs, and can be a pathway to take for the region.
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Vinod Thomas
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Jessica Cheam
Launched as policymakers lock horns with petrochemicals lobbyists over a treaty to end plastic pollution, the documentary produced by Eco-Business asks why opportunities to solve humanity's waste crisis are being wasted. It will premiere in Singapore and screen on the sidelines of the upcoming COP28 climate summit.
Vietnam's wind market is thriving, but more work lies ahead if the country wants to power its booming economy without imperilling its people and the planet.
Southeast Asian nations are racing to bring clean, affordable power to their people, but one country is outrunning them all. How can states make their renewable energy transition a success?
In gridlocked, smoggy Southeast Asian cities, change is afoot to electrify transport and clear some of the world's most polluted skies. This video documents the pockets of hope for e-mobility around the most climate-vulnerable region.
Asia lags the world in natural catastrophe protection. Part of the problem could be counting extreme weather losses only after they happen, industry insiders tell the Eco-Business podcast.
GoTo sustainability head Tanah Sullivan tells the Eco-Business Podcast that regulating net-zero claims would decarbonise Southeast Asia faster. Indonesia's biggest internet firm aims to cut emissions to zero by 2030 — a target critics say is unrealistic.
Eco-Business talks to Peter Kiernan, lead energy analyst for the Economist Intelligence Unit, to unpack a new landmark report from the International Energy Agency, which proposes an immediate ban on fossil fuels extraction to curb global warming.
Laos has announced the construction of two new coal plants for this year, despite growing evidence that coal power comes with significant financial risk. What is holding back the country from tapping its rich clean energy resources instead?