energy transition

As India and China surge ahead with nuclear energy, all eyes on Asean’s next move

The war in the Middle East beefs up the case for nuclear energy to underpin energy security

While solar and wind are the most mature and commercially viable clean energy sources, they are intermittent sources of power. 

AI-driven electricity demand powering hybrid financing for advanced nuclear startups

But scaling such technologies will hinge on the ability to bring in banks and institutional investors

The closure of the Strait of Hormuz has disrupted exports of aluminium from smelters in the Persian Gulf, and that has hit beverage manufacturers in India.

The Iran war is coming for your Diet Coke

The disruption in aluminium exports is hitting beverage manufacturing and power grid build-outs

Ravi Menon, Singapore's ambassador for climate action, says that despite challenges in carbon markets, it is key to "rebuild integrity so that financing can follow".

Asean may be forced to choose between economic growth and climate if both are not decoupled: Ravi Menon

Singapore will work on carbon markets, nature-based resilience, climate resilience as the bloc’s chair in 2027

In 2025, Asean member states signed an enhanced Asean Power Grid memorandum of understanding, building on the original 2007 agreement.

Fast-tracking the Asean Power Grid amid global energy turmoil

While constraints remain, a faster pace of implementation is increasingly feasible

Ravi Menon, Singapore’s ambassador for climate action and senior adviser to the National Climate Change Secretariat, at Ecosperity Week, Temasek’s flagship sustainability conference.

Convergence of energy security and climate action is ‘fragile’: Ravi Menon

Three forces make it so: that the move to greener energy takes time, Asian states’ use of subsidies, and coal being dug in

Fast-P was launched by MAS at the United Nations' 2023 climate change conference in Dubai.

Temasek-backed fund under Singapore’s blended finance initiative hits US$800 million in second close

Two other funds under the initiative are progressing towards their first closes later this year

Indonesia produces 14.5 billion litres of biodiesel annually, reducing diesel import dependence.
THE BOTTOM LINE

Fuel and feed South-east Asia from within

The region must reduce fossil fuel dependence and build a more diversified energy mix

There are plans to shut the the South Luzon Thermal Energy Corporation coal plant in 2030 through transition credits.

Philippine transition credits to cost between S$50 and S$80 in line with Singapore’s carbon tax

This is not the cheapest price range, but replacing coal with solar energy and battery storage is expensive

Mike Ng, chief sustainability officer of OCBC, says energy security and sustainability are increasingly converging priorities.

Costs of energy transition likely to go up over short term due to Iran war, says OCBC CSO 

The lender expects persistent inflationary pressures as central banks keep interest rates higher for longer