A recent report from Bloomberg claimed that the bolstering of electric mobility in South Asian countries like India, Thailand and other could change the regional Electric Vehicle (EV) market. The report indicated a general trend where, electric vehicles (EVs) are displacing 1.7 million barrels per day of oil usage, which is equivalent to about 3% of total road fuel demand. Currently. there are 722 million passenger EVs that are expected to be on the road in 2040 in the Economic Transition Scenario. The Bloomberg study found that there is a 380 million gap in the number of electric passenger vehicles…
Author: Saur News Desk
(By Simone Buffa, Cofounder, The ImPart Collective) In the current corporate scenario, the integration of Environmental, Social and Governance (ESG) into every business ecosystem has become extremely important. Following the Kyoto Protocol which was adopted in December 1997 and came into force on 16 February 2005, nearly 200 parties across the world have committed to emission reduction. With increasing consciousness about our environment, businesses are moving towards net-zero models. Regulatory Pressure With the world waking up to environmental concerns, regulations on businesses are getting more and more stringent. The Kyoto Protocol defines the mechanism of cap and trade at worldwide…
A latest report from the International Energy Agency (IEA) said that several countries in Southeast Asia have their renewable energy targets. The report by the international energy think tank said that eight out of 10 countries in the region have announced target dates of carbon neutrality: Singapore, Malaysia and four others in 2050; Indonesia in 2060; and Thailand in 2065. However, the report said that the lesser investments towards renewable had been a concern and posing new challenges. “For the moment, there are significant gaps between investment trends and the region’s long-term goals. Southeast Asia’s spending on clean energy represents…
On today’s episode of why we can’t have good things easily, carbon credits get to be in the limelight. Originally proposed in 1997 with the Kyoto Protocol as a way for companies to fund the development of renewable and carbon-offsetting projects, carbon credits utilize third party firms who sell carbon credits and use the money to fund renewable projects. Credits were to be earned broadly for every tonne of carbon emissions avoided being equal to a credit, with a market developed to trade in these credits. Companies which emit massive amounts of greenhouse gases buy these to get a PR…
Data Centres have moved to the front of the conversation around rising energy demand, what with the spread of digital usage, and more recently, the hype around AI or Artificial Intelligence. Readers have asked us to explain why these data centres bring built to serve the ever growing demand for computing power and information storage are measured in Megawatt (MWS). So here goes. Compute power is a weird thing to try and measure. Generally, on a micro or personal level, it’s measured in FLOPS or Floating-Point Operations Per Second. You get numbers like 10.28 teraflops for the newest Playstation, Nvidia’s…
A recent report from Bloomberg NEF said that nuclear energy remains pivotal for several Southeast Asian countries towards achieving its net-zero targets. The report mainly talked about the different pathways and scenario to reduce emissions and achieve the net-zero targets. “Nuclear plays an important role in several economies’ pathway to net zero, including China, India, Southeast Asia, the US, Japan and South Korea. In all these regions, the share of nuclear power grows from 2023, especially in Chia and India. In Europe, the technology’s contribution falls despite further capacity buildout. We do not expect Australia and Latin America to embrace…
On May 9, The 8th Global ICT Energy Efficiency Summit, themed “Green Site, Building a Brighter Future”, was held in Bangkok, Thailand. At this summit, Site Power Facility Domain of Huawei Digital Power launched the All-Scenario Smart Telecom Power Solutions, aiming to build excellent power systems that meet operators’ needs for “one-time deployment, ten-year evolution.” This is also used for solar power. Simplified: To expand the capacity of traditional power systems, multiple sets of devices need to be added. Huawei Smart Power adopts the modular design, and supports on-demand configuration and elastic capacity expansion, achieving capacity expansion with only one set. It features…
Sri Lanka, which joined the renewable energy bandwagon much later than many others, thanks to its extended civil war and the brush with bankruptcy till recently, is finally ready to move ahead on its targets. The island nation targets taking the share of renewable energy to 70% of its requirements, from a share of just 2% in 2018. With almost 100% access to electricity thanks to a grid reaching 98% of its population, Sri Lanka, as it recovers from the bankruptcy that stifled growth in the past two years, has much catching up to do. With a total installed capacity…
Singapore-listed concrete innovation firm Pan-United Corporation Ltd (Pan-United) is partnering with Cleantech Solar, a Singapore-headquartered renewable energy development company, to provide turnkey solar solutions. The project will consist of about 900 solar panels on the rooftops of its operational headquarters in Kaki Bukit, Singapore, and its slag grinding plant in Johor, Malaysia. Cleantech Solar is backed by Keppel Ltd., Keppel Asia Infrastructure Fund and Shell Singapore Pte. Ltd. (formerly known as Shell Eastern Petroleum (Pte) Ltd). When installation by Cleantech Solar is completed in 1Q 2024, Pan-United will be a frontrunner in Singapore’s concrete industry to reduce carbon emissions through…
Swedfund a Sweden’s development finance institution invested 12 MUSD in Southeast Asia Clean Energy Fund II (SEACEF II), managed by Clime Capital. This investment will provide scale-up capital to early-stage companies focused on advancing the low-carbon transition in some of Southeast Asia’s most fossil fuel-intensive economies. While Southeast Asia is expected to experience robust mid-term growth, many of the countries face challenges in meeting their emission reduction targets due to their heavy reliance on fossil fuels. The renewable energy sector in the region also suffers from a significant funding shortage, hindering the development of bankable projects. By investing in SEACEF II Swedfund…