Southeast Asia's Clean Energy Transition
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A flurry of high-profile decisions this year such as an electricity law update have propped up optimism in Vietnam's renewables sector. But green power firms are wary about restarting projects in a market marred by past volatility.
SDG 13. Climate
Climate quitters? Meet Asia’s energy executives leaving Big Oil for clean energy jobs
Energy professionals are gradually moving out of oil, gas and coal jobs for positions in renewables in the world’s most fossil fuel-dependent region. Eco-Business asked executives why they made the switch.
Despite Rempang residents rejecting eviction to develop the Indonesian island into a solar hub tied to a deal exporting clean power to Singapore, authorities have begun house demolitions – some unannounced – under the project's “new phase”.
SDG 12. Consumption
DBS ‘circumspect’ about scaling Indonesia’s first early coal retirement nationwide
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.
He dislikes spending climate money, but opportunities could arise where interests align. Observers also hope the private market can pull through if the US disengages.
SDG 13. Climate
Southeast Asia spent nearly four times more on oil imports than clean energy in 2023: IEA
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.
Coal-fired power plants are driving a health crisis in Southeast Asia, where fine particle pollution causes millions of premature deaths annually.
SDG 7. Energy
Green groups alarmed as Philippines and South Korea start feasibility study for Bataan Nuclear Power Plant
But Filipino nuclear engineer Ronald Daryll Gatchalian says atomic energy will complement intermittent renewable power, and considers “infighting among low-carbon technologies” an obstacle to the country achieving climate goals.
SDG 11. Cities
Financing Indonesia’s energy transition can happen beyond sluggish JETP deals – here’s how
Experts say that rerouting subsidies and implementing a better tender process for renewables can help Indonesia reduce its dependence on coal and other fossil fuels.
Paris has just hosted what was billed as the most sustainable Olympics in history. Can Indonesia or India make credible bids to host a green Games in 2036?
SDG 9. Infrastructure
Explainer: Why is it so hard for companies to buy renewables in Southeast Asia?
Vietnam’s recent opening up of its green power market won industry plaudits, but such reforms have been slow to materialise in the region. Eco-Business examines where firms may find procuring renewables easy, tricky, or nigh on impossible.
SDG 13. Climate
Vietnam’s long-awaited greenlight for direct renewables sourcing could revive stalled market
The new decree is seen as the latter of two policy moves needed to jumpstart the country’s clean energy market. New funding is already flowing, but concerns remain as to whether Vietnam’s power grid can handle more renewables.
