USAID Clean Power Asia
Harnessing the power of renewable energy for a sustainable ASEAN
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Energy policymakers gave the green light to start buying solar power generated from private buildings and households once again after postponing the programme for more than four years. Private buildings and households that are accepted by the programme will sell surplus solar power to the state's utilities.
Pioneering blockchain company LO3 Energy is gearing up for international projects set to lay foundations for future of its distributed ledger system, Exergy. The three projects involve novel local energy trading market places based around the Exergy platform in Texas, the UK and Australia.
Major Thailand-based financier TMB Bank has issued the country’s first green bond, the funds of which will be used to finance renewable energy projects. The overall aim of the bond is to expand financing for private sector investments that help address climate change, by providing an alternative source of long-term green finance in the country.
Member states of ASEAN are intensifying efforts to shift towards green growth, according to regional leaders and stakeholders who gathered for a sustainable conference in Singapore recently. Environmental measures and policy efforts from different ASEAN countries serve as a timely reminder that taxes and regulations should take into account the environmental and social costs of different sectors.