Commentary

Vietnam’s direct power purchase agreement decree could catalyze a new era for renewable energy

On 3 July 2024, the Government of Vietnam issued its long-awaited decree permitting direct power purchase agreements (DPPAs) for renewable energy between private project developers and private energy consumers. An extraordinary feature of the decree grants permission for entirely privately developed, owned, and operated transmission lines. This provision could allow the development of large-scale solar or wind farms at remote sites to supply industrial consumers directly. This landmark legislation could ignite a new wave of rapid renewable energy development in Vietnam.

Commentary

Vietnam’s direct power purchase agreement decree could catalyze a new era for renewable energy

Commentary

Enhancing Financing Availability is Crucial for Achieving India’s Decarbonisation Goals

For India to achieve its net-zero target by 2070, a comprehensive transition to renewable energy is imperative. This necessitates a multifaceted approach, encompassing policy frameworks, investment strategies and technological advancements.

Commentary

Commercial production of white hydrogen unlikely in the short term

Hydrogen is touted as the "ultimate energy source of the 21st century." Significant in promoting sustainable global economic development, it gradually becomes one of the important drivers for global energy transition.

Commentary

Three reasons the US LNG pause does not threaten South Korea’s energy security and transition

Since the United States (US) Biden Administration announced the temporary pause on new liquefied natural gas (LNG) export approvals early this year, many Asian countries expressed concern about the potential disruption in energy security and decarbonization goals.

Commentary

Implementing Indonesia’s JETP plan requires prioritisation, processes, and transparency

In November 2022, the Indonesian government and the multi-government International Partners Group (IPG) announced the US$20 billion Indonesia Just Energy Transition Partnership (JETP). Unprecedented in size and scope, it seeks to mobilise public and private sector funds to retire energy assets with high carbon dioxide (CO2) emissions, and accelerate the adoption of clean technology, whilst providing the country with sustainable economic development. But discussions seem to have become stuck on defining transition priorities.

Commentary

Indonesia signals it could abandon science-based taxonomy for coal power plants

Last week, Indonesian financial regulators indicated they were considering a place for new coal-fired power plants in the country’s green taxonomy. This appears to be going beyond their plan to recognize, under the green label, targeted coal power plants scheduled for early retirement. The U-turn not only marks a backsliding of the official position displayed early last year but, if implemented, would also relegate Indonesia to the bottom of the pack of global green or sustainable finance taxonomies.

Commentary

Can voluntary carbon markets accelerate decarbonisation in Asia?

Asia has a powerful climate financing challenge. Taking the power sector for example, the region is projected to consume half the world’s electricity by 2025, and whilst growing renewable energy adoption offers encouraging signs of transition, the reality is that significant additional financing is required to deliver a net-zero power landscape.

Commentary

Keeping Indonesia’s downstream coal projects afloat will require hefty government subsidies

Air Products’ withdrawal from planned state-linked facilities highlights cost challenges

Commentary

A 1970s Oil Crisis replayed in modern days

A world thirsty for fossil fuels

Commentary

Gwadar coal power plant: One step forward, two steps back

The revival of the Gwadar power project on imported coal could heighten Pakistan’s economic stress

Commentary

Ramping up clean energy will help Bangladesh reduce its reliance on imported fossil fuels

Bangladesh’s energy and power sectors continue to experience the pinch of its reliance on expensive and highly volatile imported liquefied natural gas (LNG), coal and oil. This is increasing the country’s fiscal burdens, eventually prompting the government to pass the cost to the consumers.

Commentary

Would Pakistan’s long-term power purchase agreements become roadblocks to its solar energy revolution?

A recent public hearing held by the National Electric Power Regulatory Authority (NEPRA) on a proposed 600 MW solar power plant in Muzaffargarh has brought to light a host of concerns on the right incentives needed to promote an expedient uptake of solar power in Pakistan.

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