This year, ‘greenrinsing’ – shifting climate targets after luring investment – cast a shadow over corporate decarbonisation efforts, while fossil fuel firms leaned on carbon capture technologies to justify ongoing expansion and promoted natural gas as "clean".
Over 70 per cent of organisations are investing more than 10 per cent of their capital expenditure in low-carbon initiatives as digitalisation and automation take centre stage.
Floating solar deals, cross-border energy plans and a new carbon credit framework highlight early progress, but achieving net zero will require rapid capacity expansion and a more resilient, modernised grid.
Redirecting the energy funding Indonesia receives from China entirely into renewables could mobilise up to US$9 billion over the next decade. But enabling Chinese investment will require stronger industrial policies, a study finds.