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.
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.
Vietnam plans to more than triple the amount of electricity it produces from renewable sources and push for a 26 percent increase in household solar energy usage by 2030, Prime Minister Nguyen Xuan Phuc told Reuters in an interview. Vietnam has been seeking to promote renewable energy development to reduce its increasing reliance on coal for electricity generation.
Government and business leaders met for the fifth Singapore Dialogue on Sustainable World Resources, following the release of a UN report that found South East Asia is failing to achieve two thirds of the Sustainable Development Goals. Under discussion at the event was how ASEAN could achieve economic growth whilst ensuring development was sustainable and eco-friendly, with speakers from countries in the region proposing different methods of motivating green growth.
Across the globe, the paths of economic growth and development are on an unsustainable trajectory, risking the natural assets and environmental services upon which long-term economic growth and human well-being are dependent on. Addressing natural capital depletion, pollution, the loss of biodiversity, and climate change is urgent in developing nations.
Blockchain technology has the capability to securely record, verify and share important information and so could eliminate data manipulation. It is the innovative potential that has led many to say blockchain is the most ingenious invention since the internet itself. In terms of the power sector, it may prove to be the missing link that…will allow the wide-scale adoption of sustainable and renewable energy.