Southeast Asia's Clean Energy Transition
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SDG 10. Inequality
Wind industry council to study nature, social impacts of offshore turbines in the Philippines
A wind energy trade association aims to educate its members on offshore turbines' biodiversity impacts in the Philippines, along with strategies to maintain the sector's social license amidst the country's clean energy expansion.
SDG 15. Biodiversity
Drilling rigs in nature reserves: Tensions heighten as Philippine clean energy projects encroach on conservation areas
Wind and solar expansion in the archipelago could mean renewables targets are met, but it has also worried environmentalists. A proposed wind farm in the Masungi Georeserve in Rizal province could impact up to a thousand hectares of karst landscape.
SDG 13. Climate
Singapore’s draft power market rules seen signalling tighter state control over energy transition
Adopting renewables and electricity imports adds to security concerns posed by global gas market volatility. Investors’ cold shoulder towards fossil energy could also threaten the longevity of Singapore’s gas plants, analysts say.
A growing number of pressures is pushing CSOs to the limit as the sustainability function expands and evolves. Eco-Business investigates burnout among sustainability leaders and asks if there is a remedy.
SDG 9. Infrastructure
Carbon pricing is seen as a ‘way out’ for the Malaysian steel industry to cut emissions
Investments from China are driving emissions-intensive steel production in Malaysia's steel sector.
A South Korean law to ease tensions with fisherfolk could face months of delays after missing the legislative polls deadline, while more conflicts are surfacing in the Philippines. Can tighter financing criteria help avoid disputes?
Economist Michael Greenstone, who first put a price on emissions for the US government, says that unless the price gap between fossil fuels and clean energy narrows, poor countries will face difficult trade-offs amid climate breakdown.
SDG 12. Consumption
Can joint financing for Asian manufacturers help clean up fast fashion’s supply chain?
There is a disconnect between brands' pursuit of decarbonisation targets and the provision of financing to their suppliers. Companies such as H&M are now working with banks in the region on new loan structures to support factory upgrades. Will that make a difference?
As floating photovoltaic systems emerge as a bright spot in the Philippines' renewable energy quest, how can the archipelago push expansion while minding the technology's potential environmental and social impacts?
The region leads the world in the growth of solar and wind certificate issuances. Such deals are helping developers secure funding and take off in nascent markets, amid accusation that companies buying RECs inflate their green claims.
Asia’s sustainability heads foresee some relief from reporting burdens this year, but articulating the financial value of social, biodiversity and climate-related impacts, engaging suppliers and staying ahead of regulations will keep them busy.
SDG 13. Climate
Philippines needs US$9bn and better foreign funding approach for energy transition: Rockefeller Foundation
Just Energy Transition deals have been “long on promise but short on progress”, the US-based philanthropic group says. It recommends countries iron out investment plans before making big political statements.
