Cambodia, Korea Begin Landmark Carbon Market Partnership
PHNOM PENH – Cambodia and South Korea have jointly launched a landmark authorized carbon reduction initiative under Article 6 of the Paris Agreement—marking a milestone in international climate cooperation and a major step in Cambodia’s carbon market ambitions. The project is also South Korea’s first overseas initiative using the agreement’s internationally transferred mitigation outcomes (ITMO) […]
Indonesia’s big gas projects to proceed after global majors sell stakes
Indonesia’s big gas projects to proceed after global majors sell stakes
Shell (SHEL.L) and Chevron’s (CVX.N) agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni (ENI.MI) will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.
Malaysia on track to be electric vehicle powerhouse in Southeast Asia
Malaysia on track to be electric vehicle powerhouse in Southeast Asia
Malaysia is on the right path to become an electric vehicle (EV) powerhouse in Southeast Asia with the government aggressively promoting a conducive EV ecosystem, supported by strong business commitment shown by two world-renowned automotive companies, Geely and Tesla.
Indonesia’s coal burning reaches record high amid rise of industrial smelting
Indonesia’s coal burning reaches record high amid rise of industrial smelting
Indonesia burned more coal in 2022 than any other year, a preliminary analysis shows, putting the country on track to become one of the largest carbon emitters from fossil fuel in the world.
Power utility TNB expects resilient earnings
Tenaga Nasional Bhd’s (TNB) earnings are expected to be resilient going forward, as the ballooning under-recovery of fuel costs will eventually be recovered under the incentive-based regulatory framework, albeit with a six-month lag.
