Coronavirus means cheap oil isn’t good news for energy-hungry Southeast Asia
Oil prices are at the cheapest they have ever been in modern history, but this does not bode well even for Southeast Asia’s energy-hungry economies. In fact, compounded with the rising pressures of the coronavirus pandemic, the new lows seen in global oil prices are likely to hurt government coffers, spark a wave of bankruptcies, and unleash […]
Lower oil prices hurting China and Southeast Asia
The coronavirus pandemic has squeezed global demand. Sales by Chinese refineries dropped by 20 per cent. Non-tax revenue could drop to US.7 billion in Indonesia. Malaysia could lose up to US.8 billion. Vietnam, Thailand, Singapore and Brunei are also expected to suffer financially.
Southeast Asia’s hydropower boom grinds to a halt as COVID-19 stalls projects
Incomplete and prospective hydropower dam projects in Southeast Asia, particularly along the Mekong River and its tributaries, are at risk of major delays and shutdowns as the COVID-19 pandemic impacts major industries, energy markets and worker safety.
COVID-19: 150GW of Asia-Pacific renewables ‘at risk’
Up to 150GW of wind and solar projects across the Asia Pacific could be delayed or cancelled over the next five years if a coronavirus-led recession extends beyond 2020, according to latest Wood Mackenzie analysis.
As palm oil for biofuel rises in Southeast Asia, tropical ecosystems shrink
Indonesia and Malaysia are looking to shore up demand domestically and in China, with the EU having changed course away from biofuels.
Green debt issued in region doubles to $11 billion last year
Sustainable financing is gaining traction in South-east Asia, with green loans and bond issuances rocketing across the region last year and Singapore leading the way, a new report noted yesterday.
GLOBAL LNG-Asian LNG prices sink again as coronavirus disrupts demand
Asian spot prices for liquefied natural gas (LNG) sank this week as the coronavirus pandemic further dampened demand, prompting buyers to push back cargo deliveries.
Asean green bond issuance doubles to US$7.8b in 2019
THE volume of green bonds and loans issued in Asean almost doubled between 2018 and 2019, in tandem with global trends, according to a report by Climate Bonds Initiative (CBI) on Thursday.
