The Philippines-listed entity already plans to replace its coal plant with solar and battery storage by 2030 using a new class of carbon credits. With the two Singapore firms, it aims to scale the model to wean the region off fossil fuels.
Bullish gas plans ignore the financial challenges of infrastructure development, renewable energy potential in the region and climate policy restrictions.
The new research findings coincide with Malaysia’s launch of its renewable energy exchange platform and new guidelines for the export of clean energy to neighbours Singapore and Thailand.
The El Niño weather phenomenon, smouldering peatlands, coal power and vehicular pollution caused a big drop in air quality in Southeast Asia in 2023. In Indonesia, Southeast Asia's most polluted country, air quality fell by 20 per cent.
Non-profit RimbaWatch says Grab's scheme is based on questionable forest carbon projects. The ride-hailer argues that carbon credits can be a credible means to cut emissions.
Ex-BNP Paribas executive Cyril Dissescou to take over from an interim chief of the joint venture formed to develop renewables and energy storage assets in Southeast Asia and Australia.
From supply chain decarbonisation to evolving trade regulations, here are a few of the things that got under the skin of Asia's corporate sustainability leaders in a year that geopolitics complicated climate ambition in the boardroom.
Using the novel class of carbon credits, the Monetary Authority of Singapore aims to retire one of the facilities a decade earlier. The pilots will inform the work of a coalition that will be creating a standardised approach to accelerate Asia's coal phase-out.
Research by National University of Singapore and PwC finds that 50 of the region's biggest companies are now better at reporting climate risk, but most are still flaky in how they tell the full story of their climate impact.
Indonesia, Vietnam and the Philippines have cancelled almost 13GW of coal projects in 2022, but this is far from what is needed to phase out the fossil fuel over the next two decades, a new report from Global Energy Monitor has revealed.
Sold-out long-term liquified natural gas contracts and project delays may force a rethink for the Philippines, Vietnam and Thailand to rely on previously-forecasted LNG growth, according to a report by global think tank IEEFA.
Philippine president Ferdinand Marcos, Jr began his administration by vowing to prioritise clean energy and curbing climate disasters. Eco-Business scrutinises these pledges and asks what he must address to stay true to them.