Indonesia to abandon 23% renewable energy target by 2025
Indonesia is planning to slash the targeted share of renewables in the national energy mix, a move seen by experts as a step back in the country’s ambition toward clean energy, while signaling its light-hearted attempt to part ways with fossil fuels.
Thailand orders traders to suspend diesel exports – energy dept
Thailand has ordered traders to suspend diesel exports while Thai Oil Plc TOP.BK repairs its No. 3 crude distillation unit (UDC) in Chonburi province, a government official said on Wednesday.
Thailand recalibrates incentives to boost renewable energy initiative
The Industry Ministry is set to recalibrate incentive packages for organisations as part of the RE100 global renewable energy initiative. This move is intended to allure more investors and facilitate new investment within the nation.
Indonesia Allocates Rp186.9tn for Energy Subsidy Budget in 2024
The Ministry of Energy and Mineral Resources (ESDM) is allocating Rp186.9 trillion for this year’s energy subsidy budget. Minister Arifin Tasrif said the budget Rp113.3 trillion is allocated for subsidizing fuel oil and LPG, and Rp73.6 trillion goes for electricity subsidies.
Thailand: Draft amendment to the Petroleum Act to regulate carbon storage business
With increasing awareness of carbon capture and storage (CCS) technology as a key enabler for decarbonization, many developments in this area, such as exploration for carbon storage sites and storage of carbon dioxide in carbon storage sites, have been reported.
Energy claim talks with Cambodia to start
Thailand and Cambodia will hold talks about a 26,000-square-kilometre energy-rich area in the Gulf of Thailand claimed by both countries on Feb 7.
Vietnam’s VinFast Aims to Qualify for Biden’s EV Tax Credits
VinFast Auto Ltd. is working to qualify its cars for US tax credits when its North Carolina plant starts production in 2025, Chairwoman Le Thi Thu Thuy said.
PM Anwar: Govt to develop policy framework to make Malaysia green investment hub
The government will develop a policy framework and targeted plans to make Malaysia a major regional green investment destination and hub, said Prime Minister Datuk Seri Anwar Ibrahim.
