Eco-Business

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.

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.

Pertamina oil and gas facility in Rokan Block in Riau

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.

By Gabrielle See

By Rhick Lars Albay

By Gabrielle See

By Hannah Alcoseba Fernandez

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A street in South Jakarta, with exposed electrical infrastructure

To achieve net zero emissions in Southeast Asia, addressing the significant financing gap is crucial, requiring bold targets and more international support. By Trang Nguyen

Workers installing power transmission line in Jakarta, Indonesia

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. By Mutya Yustika

Asia Pacific Green Hydrogen Conference and Exhibition (APGH) 2024 in Sarawak

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. By Christopher Len

Bullish gas plans ignore the financial challenges of infrastructure development, renewable energy potential in the region and climate policy restrictions. By Ayumi Fukakusa and Lidy Nacpil

By Lidy Nacpil

By Alvin Putra Sisdwinugraha, Marlistya Citraningrum

By Mutya Yustika

By Anissa R. Suharsono and Yanuar Nugroho

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Transition credits explainer video_title card

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.

Jovie Montajes, founder of Light of Hope PH

After 20 years without electricity, more than 50 households in Cebu's poorest district have been provided with solar energy, financed by carbon offsets.

Air-conditioning units on a building in Singapore

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.

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Climate tech podcast with Steve Melhuish

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.

A protest for climate justice in the Philippines

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.

Sea orchards developed on decommissioned oil platforms

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.

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.

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