Vietnam’s recent opening up of its green power market won industry plaudits, but such reforms have been slow to materialise in the region. Eco-Business examines where firms may find procuring renewables easy, tricky, or nigh on impossible.
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.
Entrepreneur Steve Melhuish tells the EB Podcast where the biggest opportunities to reduce emissions and make money are in Southeast Asia, and why finding the right economic incentives is critical for climate tech startups.
Increased consumption of the pollutive fossil fuel comes despite high-profile commitments and international aid to scale back coal dependence. The latest data from energy think tank Ember reveals the struggle both countries face amid rising energy demand to fuel growing economies.
Just as Malaysia commits to phase out coal power locally, the role of a government-owned development bank in financing arrangements of the Song Hau 2 coal plant in Vietnam has raised concerns about how this might jeopardise its neighbour’s decarbonisation aid package and undermine climate goals.
Vietnam’s recent opening up of its green power market won industry plaudits, but such reforms have been slow to materialise in the region. Eco-Business examines where firms may find procuring renewables easy, tricky, or nigh on impossible.
Entrepreneur Steve Melhuish tells the EB Podcast where the biggest opportunities to reduce emissions and make money are in Southeast Asia, and why finding the right economic incentives is critical for climate tech startups.
Just as Malaysia commits to phase out coal power locally, the role of a government-owned development bank in financing arrangements of the Song Hau 2 coal plant in Vietnam has raised concerns about how this might jeopardise its neighbour’s decarbonisation aid package and undermine climate goals.
Indonesia has hatched a plan to reduce emissions from its coal-powered nickel trade amid growing scrutiny of its downstreaming policy. Environmentalists worry that the plan glosses over the impact of the booming trade on forests, biodiversity and local communities.