Asia’s next clean energy battle isn’t in China or India. It’s in Indonesia
Southeast Asia’s largest economy and democracy is approaching a demographic shift. In the next 10 years, almost half of Indonesia’s population will enter the work force. Only three in 10 people will not be of working age by 2030. Conventional poverty rates are declining, millions are moving into cities each year. The island nation’s labour […]
Allianz, Cenergi to team up in promoting solar energy
KUALA LUMPUR: Allianz General Insurance Company (Malaysia) Bhd plans to provide protection for solar photovoltaic (PV) systems in a partnership with renewable energy project specialist Cenergi SEA Sdn Bhd. Allianz Malaysia Bhd said its general insurance arm had on Monday (Feb 3) inked a memorandum of understanding (MoU) with Cenergi and Sterling Insurance Brokers Sdn Bhd, […]
Thai developer invests $1bn to put Myanmar industry on global map
NAYPYITAW — Thai industrial estate developer Amata Corp. plans to build an industrial complex with an investment of $1 billion in Yangon, Myanmar’s biggest city. The complex will provide important industrial infrastructure in a nation with few global-standard industrial zones suitable for foreign companies. Amata recently signed a land lease agreement and joint venture agreement with the Myanmar Ministry […]
Indonesia eyeing cost recovery contract scheme for geothermal exploration
The government is trying to attract investors to invest in the New Renewable Energy (EBT) sector. The Ministry of Energy and Mineral Resources (ESDM) is preparing a formula to attract investors, including developing a cost recovery contract scheme for the development of the geothermal sector. “We are making a new formula that can benefit both […]
ASEAN sustainable finance: A huge gap means a huge opportunity
The United Nations Sustainable Development Goals (SDGs) represent our best hope of tackling the most serious challenges facing our societies and our planet. At the recent World Economic Forum (WEF) Annual Meeting in Davos, the imminent need to tackle climate change and sustainability issues dominated discussions across all sectors with public, private and non-governmental organization […]
Bishops, civil society groups urge banks: Stop financing coal ventures
Church leaders and civil society groups advocating clean and renewable energy sources on Thursday appealed to banks and financial institutions funding coal projects to withdraw their support for the development of this dirty fossil fuel. In a statement issued during the launching on Thursday of the drive dubbed “Withdraw From Coal Campaign,” environmental groups said […]
Outside Looking In – UK investment set to power up Việt Nam’s renewables programme
Brian Spence explains how his old and new homelands are increasingly converging in the investment sphere, particularly in renewable energy. S&P Investments takes a genuinely global view as an M&A broker, and we naturally have strong links to the UK due to my having spent decades in the financial services sector before making Việt Nam […]
World Bank Issues its First ‘Green Loan’ For Environmental Businesses in Vietnam
A division of the World Bank has just made its first so-called “green loan” to a bank in Vietnam, meant for businesses to help with environmental problems in a nation that has one of the world’s highest emissions rates relative to its economy. Vietnam has a fast growing economy but also has a fast growing […]
