Southeast Asia's Clean Energy Transition / Indonesia

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Southeast Asian countries should carefully weigh the economic and environmental impacts of unilateral climate policies like the European Union’s Carbon Border Adjustment Mechanism (CBAM).
Bangkok-based PR agency Vero says there's no excuse for working for fossil fuel brands — even those pivoting to clean energy. "We're in a crisis. There is no time for a journey," says Vero CEO Brian Griffin.
The raiding of a European multinational bank over greenwashing allegations could be a 'sign of things to come' for Asian bankers, who could be tripped up by a lack of ESG knowhow, experts say.
The draft bill classifies liquified and gasified coal as 'new energy', and is part of Indonesia's efforts to replace petroleum imports with domestic coal.
One of the hardest industries to decarbonise is deploying a carbon measurement system that could enable a more reliable path to net-zero.
Environmental sustainability is top of the bloc’s latest agenda and investors are keen to finance Asean’s climate goals. There is, however, a severe lack of ‘bankable projects’, say observers.
Less than one-third of APAC companies reporting to carbon measurement non-profit CDP have committed to science-based targets. CDP's latest report also finds growth in climate disclosure slower in APAC than the global average.
Most believe that emissions have dropped since 2005 — when they have grown by 50 per cent, according to a survey conducted at the recently-concluded Asia Pacific Energy Week. The findings reveal "a major gap between perception and reality".
Clean energy alternatives are a crucial hedge against future disruptions in global commodity markets.
Unproven technologies such as carbon capture and ammonia re-firing are helping Japanese policymakers rebrand the fossil fuel as "clean". But they have limited carbon-cutting potential and undermine Japan's decarbonisation targets, a report from TransitionZero cautions.
The region will need to spend the equivalent of half of the GDP of Japan every year on low-carbon infrastructure, to avoid the unthinkable consequences of climate change, according to McKinsey.
Realising it’s now or never, the global gas industry is making a determined push to develop infrastructure across Asia as climate targets tighten and renewables become more competitive.
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