Singapore needs to double renewable imports to hit net-zero goals
To achieve the International Energy Agency’s net-zero power sector target, Singapore must increase its renewable electricity import capacity to 8.1 GW by 2035, significantly reducing emissions and promoting regional cooperation.
Bursa Carbon Exchange Completes First REC Auction
Bursa Carbon Exchange has successfully carried out its inaugural auction of renewable energy certificates (RECs) which saw 15 buyers from various industries purchasing a total of 268,800 Hydropower Renewable Energy Certificates from vintage year 2024 (HRECv24) Contracts.
Gas production hikes and regional buying to cut LNG imports
Thailand plans to increase domestic gas production and renew gas purchases from neighbouring countries to reduce its dependence on liquefied natural gas (LNG) as gas demand is expected to increase in Asia, say energy authorities and analysts.
Auction for new renewable power plants planned
The Energy Regulatory Commission (ERC) is pushing ahead with an auction for new power plants under its second-phase 3.6-gigawatt renewables scheme, which is expected to draw more investors once some of its conditions are amended.
Singapore lays the groundwork for smart data center growth
In a move that stunned industry observers, Singapore announced on May 30 that it would release more data center capacity to the tune of 300MW, a substantial figure and a new policy direction for the nation-state.
Cambodia and South Korea Sign MoU to Advance Climate Action Under Paris Agreement
In a significant step towards environmental collaboration, Cambodia’s Minister of Environment, Dr. Eang Sophalleth, and South Korea’s Minister for Trade, Industry and Energy, Inkyo Cheong, have formalized their commitment to climate action
PH woos Canadian firms to invest in renewable energy space
THE Philippines is joining the global effort for clean and renewable energy. The country aims to increase its renewable energy mix to 35% by 2030 and 50% by 2040.
Power demand lifts Vietnam’s April-May coal imports
Vietnam’s coal imports in April-May rose from a year earlier on strong demand from utilities to cater for increased electricity consumption in households and industries.