Asia-Pacific Discusses Energy Transition in Support of SDG 7
8 October 2019: The tenth International Forum on Energy for Sustainable Development discussed opportunities to support progress on SDG 7 (affordable and clean energy) and SDG 13 (climate action) across the Asia-Pacific region. Participants shared their experiences with SDG 7 implementation, and considered opportunities and barriers to achieving an energy transition in the region. The […]
Cambodia jumps 12 spots in global energy sustainability survey
Cambodia’s ranking in the latest global energy sustainability survey has improved dramatically, indicating that the Kingdom’s efforts to solve its energy woes and providing an adequate power supply are making headway. For in depth analysis of Cambodian Business, visit Capital Cambodia . This also means that Cambodia, which suffered a crippling power problem a few months […]
Indonesia launches agency to manage environment funds
JAKARTA: Indonesia launched an agency to manage funds for climate change management on Wednesday (Oct 9) as part of its efforts to meet its climate goals. “The objective is to have one pool for funds needed for environment recovery,” Ruandha Agung Sugardiman, director general of climate change at the Environment Ministry, told reporters. The new agency […]
IGEM 2019 targets RM2.8b investments — Yeo Bee Yin
KUALA LUMPUR (Oct 9): The Ministry of Energy, Science, Technology, Environment and Climate Change (Mestecc) is targeting investments totalling RM2.8 billion — the highest in the past decade — from the 10th edition of the International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM). “We anticipate that a lot of the investment will be […]
Egat pivots to 2 spot market LNG buys
The state-run Electricity Generating Authority of Thailand (Egat) plans to purchase 140,000 tonnes of liquefied natural gas (LNG) in spot markets for two shipments, intended for Egat’s gas-fired power plants in the remaining months of 2019. Egat has invited 40 LNG makers and traders in the spot markets to the auction. “All 40 companies are […]
Move away from giving fuel subsidy: Jomo
KUALA LUMPUR: The government has been urged to consider not giving fuel subsidy but rather encouraging more use of renewable energy. Economist and former Council of Eminent Persons member Dr Jomo Kwame Sundaram said fuel subsidies were major distortion in markets. “The government has been trying to reduce this subsidy. Fuel subsidies in all countries […]
Parliament: Singapore generated 0.11% of global emissions in 2017
Singapore’s vulnerability to rising sea levels has been on the national agenda, but in Parliament yesterday, the nation’s role in contributing to planet-warming emissions was also highlighted. Singapore generated 52.5 million tonnes of greenhouse gases in 2017, said Dr Koh Poh Koon, Senior Minister of State for Trade and Industry. This works out to about […]
Big Oil’s renewable shift seen flooding shareholders with cash
[SINGAPORE] Shareholders of global oil giants will be “drowned” in cash from dividends and buybacks for the next 20 years as the firms shift their capital structure to finance renewable projects, according to Rystad Energy, an energy research company. Majors such as Exxon Mobil Corp and Chevron Corp have traditionally had to hoard cash as […]
