#SEA clean energy transition Berita
Energi
Australia’s Woodside Energy defends climate strategy, cites cost as a barrier to gas decarbonisation
In an interview with Eco-Business, CEO Meg O'Neill says Woodside will have to engage investors on natural gas decarbonisation and decide if doing so is "the most effective use of shareholder capital". Australia has been under fire for backing gas drilling despite its 2050 net zero goal.
Cirebon 1’s financial advisor says the model "might not be replicable" nationwide as grid stability costs were overlooked early on and transition credits – being trialled in the Philippines – may not apply. Updates on the pending transaction are expected at COP29.
Kebijakan & Keuangan
Singapore to develop a new climate blended finance fund with BlackRock; commits up to US$500m
At COP29, the city-state unveiled a third investment theme to decarbonise hard-to-abate sectors under its national blended finance scheme and pledged to match partner concessional capital dollar-for-dollar.
As declining oil output increases reliance on on foreign supply, the region’s oil import bill could exceed US$200 billion by 2050, posing major economic and energy security risks without a faster renewables shift, says the global energy authority.
Kebijakan & Keuangan
Philippines eyes idle green mining assets to seed sovereign wealth fund
#SEA clean energy transition Opini
Karbon & Iklim
Southeast Asia needs serious money to get to net zero
To achieve net zero emissions in Southeast Asia, addressing the significant financing gap is crucial, requiring bold targets and more international support.
Energi
Power wheeling can drive corporate investments and advance Indonesia’s renewable energy goals
Allowing private firms to sell clean power directly to consumers via PLN's networks could help the country meet its targets without burdening the national budget and to let the state-owned electricity utility focus on grid modernisation.
As the frontrunner for green hydrogen projects in Southeast Asia, Sarawak’s success or failure in the next two years will serve as a bellwether for Malaysia’s hydrogen economy goals, Asean’s hydrogen future and global clean hydrogen demand.
Bullish gas plans ignore the financial challenges of infrastructure development, renewable energy potential in the region and climate policy restrictions.
#SEA clean energy transition Video
There is consensus that coal needs to be retired early in Asia, but the mechanisms for financing the phase-out are not clear. This mini-documentary examines how transition credits work and whether they can fund Southeast Asia's equitable switch to clean power.
Gaurav Sant, founder of startup SeaChange, tells Eco-Business about a technology he hopes will give the world's oceans the capacity to absorb additional carbon dioxide from the atmosphere.
After 20 years without electricity, more than 50 households in Cebu's poorest district have been provided with solar energy, financed by carbon offsets.
Improving energy efficiency could meet a quarter of Southeast Asia’s emissions reduction targets. Here is how efficiency could drive Southeast Asia's energy transition.
#SEA clean energy transition Podcasts
Karbon & Iklim
‘Five years ago, everyone wanted to be Elon Musk’: Where is climate tech in Southeast Asia now?
Entrepreneur Steve Melhuish tells the EB Podcast where the biggest opportunities to reduce emissions and make money are in Southeast Asia, and why finding the right economic incentives is critical for climate tech startups.
Kebijakan & Keuangan
‘Businesses fear regulation on transition-washing’: Environmental lawyer Joyce Melcar Tan
The new head of Japan and Southeast Asia for ClientEarth tells the Eco-Business Podcast how the law can be used to hold polluters to account in the world's biggest emitting region. She also says it's time the legal profession faced scrutiny for greenwashing.
Karbon & Iklim
‘Nobody wants to be the bad guy’: Authors of optimistic climate novel say don’t write off oil industry solutions
Former petrochemicals industry executives Steve Willis and Genevieve Hilton have written a novel set 50 years into the future that has a happy ending. They tell the Eco-Business podcast that the book is a pitch to carbon-intensive industries to try workable climate solutions.
Energi
Scrutiny, Scope 3 and Asian realities: Petronas sustainability chief on climate action at COP28
The oil and gas sector needs to cut operational emissions faster, Charlotte Wolff-Bye tells the Eco-Business podcast. But slashing fuel output won’t do for the Asian supplier, and it welcomes respectful debate at the climate summit.
#SEA clean energy transition Rilis Pers
Energy Development Corporation
First-Gen EDC enables more PH companies to shift to green energy
Global Reporting Initiative
GRI-SM highlight business case for net zero in 2021 Asean regional e-summit
British Embassy Manila
Race to Zero: Philippine business leaders commit to accelerating climate action
#SEA clean energy transition Riset
