Features
The Biggest Renewable Energy Market Jump in 2023 and 2024
The IEA's June 2023 Renewable Energy Market Update forecasts an unprecedented wind and solar power boom globally.
Solar Energy Investment is Expected to Overtake Oil Production For the First Time
While investments in fossil fuels are slowing down, the IEA's World Energy Investment Report 2023 says they remain way above the levels needed to reach net-zero by 2050.
Vietnam Has Approved the PDP8: What Comes Next?
The approval of the PDP8 is finally here. While not without its potential flaws, the plan allows Vietnam to start leaping towards its net-zero by 2050 target – a moment that energy investors have long been waiting for.
MHI Greenwashing Tactics Demand Closer Scrutiny
Mitsubishi Heavy Industries (MHI) is pushing its net-zero emissions by 2040 pledge at full force. But, its strategy includes relying on gas-fired power projects, questionable carbon capture technology and profiting as a major carbon credit broker. These tactics demand closer media scrutiny and overall environmental monitoring.
European Green Deal: What Asia Can Learn
Following the shining example of EU member states and designing policies similar to the European Green Deal can help developing Asia build a more resilient, sustainable and cost-efficient energy system.
Taiwan’s LNG Development Overpowers Its Renewables Ambitions
The Taiwanese government has earmarked some USD 32 billion for renewables, hydrogen and carbon capture and storage (CCS) investments to move the country’s energy development in the right direction. However, it also continues a major liquefied natural gas (LNG) build-out as part of its long-term energy mix strategy, putting the country in an energy supply and climate mitigation quandary.
G7 Gas Move a Likely Nod to US and Japanese Interests
The G7 just concluded its meeting in Hiroshima. The group made several decisions impacting the global energy sector, including further reliance on coal-fired power projects and a problematic call to continue gas and liquefied natural gas (LNG) investment. These decisions come in light of long-term US and Japanese gas interests and development.
Natural Gas Forecast 2023: Demand in Asia to Bounce Back
While natural gas prices are expected to remain low, they would still be above their historical averages. As a result, Asian countries' imports would still be costly, even in an ideal world without any market volatility.
Thailand’s LNG Development Is Not The Way Forward For Its Energy Sector
Thailand is one of the few Asian countries ramping up LNG procurement as prices for the fuel dip. This comes as it needs gas to drive a post-COVID economic recovery. However, lower prices are only part of the story. The other part is that Thailand is a natural gas-based economy.
The G7’s Responsibility to Help Bangladesh and Other Climate-affected Countries
At the approaching 2023 G7 meeting, the world expects global leaders to address the elephant in the room: fossil fuel phase-out. The G7 must set an example and develop a unified vision to help address climate change – an issue heavily impacting developing nations.
Renewable Energy Projects in the Philippines: 100% Foreign Ownership Authorised
The Philippines' drive to ramp up its renewable energy sector is a step in the right direction. However, it needs even more renewable energy development and investment. The government must also make a net zero by 2050 pledge to catch up to its regional neighbours.
The Renewable Energy Policy in Vietnam Risks Deterring Investors
Maintaining a healthy ongoing dialogue with clean energy investors and project developers is critical if Vietnam is to get back on track and continue stunning the world with its renewable energy progress.
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