Singapore sees world’s first digital exchange platform for airlines to trade carbon credits
SINGAPORE – A global blockchain-based carbon exchange was launched on Wednesday (Oct 30), offering a marketplace for airlines and other corporate buyers to trade securitised carbon emissions. The new AirCarbon Exchange, by Singapore-based AirCarbon Pte Ltd, will provide a ready supply of credits, also called EEUs (eligible emission units), for those in the transportation industry […]
SP Group launches first zero-emission building in Southeast Asia powered by green hydrogen
SINGAPORE: At first glance, this three-storey structure looks no different from your average building. On the ground floor, its lights shine, its fans whir, its air-conditioning units hum and employees go about their day-to-day work. But the building, located at SP’s training centre at Woodleigh Park, is in fact disconnected from the national electricity grid. […]
Brunei: Total Sells Its Interest in Offshore Block CA1
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei — to Shell1 for $300 million. The transaction is subject to approval by the competent authorities and is expected to […]
Prayut ‘to take responsibility’ for mine closure
Prime Minister Prayut Chan-o-cha says he will “take responsibility” for the dispute with an Australian company involving a gold mine he shut down three years ago, but has yet to make the decision. At the cabinet meeting on Tuesday, Energy Minister Suriya Jungrungreangkit reported the progress of the arbitration between Kingsgate Consolidated and Thailand that […]
Let’s move from 3R to 7R
Notwithstanding the current cooler spell, Malaysia is hotter than ever before, and the trend shows no signs of reversing to the temperatures enjoyed by Malaysians over the last few decades. This fact was also acknowledged by Prime Minister Tun Dr Mahathir Mohamad in his speech at the 74th session of the United Nations General Assembly […]
Cambodia’s energy security woes
Economic growth in Cambodia is constrained by a lack of appropriate policy for electricity access and energy security. Only 50 per cent of Cambodia’s population had electricity access in 2016. Remarkably, by 2019, the number of households connected to grid electricity grew to almost 80 per cent. The challenge, however, remains for rural areas where certain remote […]
Confronting Cambodia’s Waste Management Challenge
Is it finally coming to an end? For almost a decade, Phnom Penh’s City Hall and the Cambodian government have issued almost annual rebukes of the services provided by Cintri, a private-firm that in September 2002 was given an exclusive 47-year contract to manage trash collection in Phnom Penh. Each day, Phnom Penh produces about 3,000 tonnes […]
Mestecc evades question about Lynas licensing terms
KUALA LUMPUR: The ministry of energy, science, technology, environment and climate change (Mestecc) appears to have sidestepped a question posed to the ministry in Parliament yesterday about Lynas Malaysia Sdn Bhd’s non-compliance with licensing conditions. DAP lawmaker Wong Tack (PH-Bentong) had asked why Lynas’ licence was renewed this year despite it failing to comply with […]
