APAC

Over 80% of new renewables in 2023 cheaper than fossil fuel alternatives

Solar PV costs dropped in 2023, becoming 56% cheaper than fossil fuel and nuclear options.

Over 80% of new renewables in 2023 cheaper than fossil fuel alternatives

Solar PV costs dropped in 2023, becoming 56% cheaper than fossil fuel and nuclear options.

Global power sector needs $115t to achieve 2050 net zero goal

However, some consumers, including Singaporeans, do not want to spend more on electricity.

GWEC appoints new deputy CEO

A new chief industry officer was also named.

Global energy transition faces growing challenges: McKinsey

A significant gap exists between climate ambitions and reality.

Clean hydrogen investments reach $75b in 2024

However, the industry is facing delays, putting climate targets at stake.

Offshore wind faces growing O&M challenges

Large turbines offer potential benefits but also significant challenges according to the report.

Contractor errors and defects fuel offshore wind project losses

This accounted for over 60% of insurance claims in 2022.

Integrate climate change into company’s long-term strategy to align with SDGs - EY’s Judy Li

Effective waste recycling and resource utilisation boost company sustainability and offer new approaches to global waste management.

KPMG’s Sharad Somani stresses sustainability goals require a multi-faceted approach

He emphasised the importance of tailored solutions, technological integration, and sustainability in addressing waste management challenges and opportunities in Asia.

Renewables to stabilise APAC thermal gencos’ earnings

Thanks to the insulation of clean energy from fuel costs.

Asia-Pacific may miss RE targets

Countries must attract investments to advance their clean energy goals.

Fossil fuels to supply over 75% of global energy by 2030

This reliance will drive emissions higher, primarily from hydrocarbon extraction and gas flaring.