Asia Clean Energy Coalition (ACEC)’s Post

https://lnkd.in/dYGYkQzC 🌍 Renewable Energy Trade Agreements: Paving the Way for a Sustainable Future 🌱 In the global pursuit of a sustainable future, renewable energy trade agreements are playing a pivotal role in accelerating the transition to cleaner energy sources. These agreements between nations go beyond politics—they form the backbone of international collaboration aimed at reducing carbon emissions, expanding access to renewable technologies, and driving global economic growth through green energy initiatives. Facilitating Access to Clean Energy Technologies 🌞 One of the key functions of renewable energy trade agreements is to enable the cross-border exchange of clean energy technologies. Solar panels, wind turbines, and energy storage systems are among the many innovations that are traded between countries, allowing nations with fewer resources to access cutting-edge technologies. This trade accelerates the adoption of renewable energy solutions worldwide, helping countries meet their climate goals more efficiently. Strengthening International Collaboration 🌐 Renewable energy trade agreements foster stronger ties between nations, encouraging cooperation on global climate challenges. By establishing frameworks that support the free flow of green technologies, countries can work together to address shared environmental concerns. These agreements often include provisions for joint research, development, and deployment of clean energy projects, ensuring that innovations are shared across borders for maximum impact. Reducing Carbon Emissions on a Global Scale 🌎 As more countries engage in renewable energy trade agreements, the overall reduction in global carbon emissions becomes more attainable. By prioritizing the trade of renewable energy systems over fossil fuel-based energy sources, these agreements help to phase out carbon-intensive industries. The ripple effect of these agreements extends across multiple sectors, including transportation, energy production, and manufacturing, contributing to significant emissions reductions worldwide. 🌱✨ Let’s support renewable energy trade agreements and work together to create a more sustainable planet for future generations! #RenewableEnergy #Sustainability #GreenEnergyTrade #ClimateAction #GlobalCollaboration

A first-of-its-kind trial of a non-usage-based energy tariff from ivie aimed at encouraging the uptake of low-carbon technology will begin this winter. #energytransition

BREAKING NEWS: DPPA Decree Approval - Exciting news for sustainable energy in Vietnam! 🎉⚡ On 3 July 2024, the Vietnamese government issued Decree 80/2024/NĐ-CP on Direct Power Purchase Agreement (DPPA), marking a huge progress in the Renewable energy sector and showcasing Vietnam’s commitment to decarbonize the economy and achieve net-zero emissions by 2050. By enabling the direct sale of rooftop solar and other renewable energy sources via both private transmission lines and the national grid, the approval of DPPA helps the Vietnamese Government achieve multiple goals: 📈Meeting the market demand for Clean Energy  💸Attracting investments in Renewable Energy  🔌Pathway to implement a competitive electricity retail market in Vietnam ⚡Advancing governmental control’s efficiency in the direct sale and purchase of electricity between major Renewable energy providers and major consumers For more details, please visit the MOIT website: https://lnkd.in/gAv3kWti At GEFE 2024 we will have meaningful discussions between government representatives, business leaders, and industry experts on key sustainability topics such as clean energy. Join us on 21-23 October in Ho Chi Minh City to be part of the movement! __________ Save the date: 📅October 21-23, 2024 📍Thiskyhall Sala Convention Center, HCM City 💡Register early: https://lnkd.in/gt5dCcHz #GEFE2024 #EuroCham #GreenEconomy #Sustainability #GreenTransition #GreenGrowth #BuildingGreenFutures *This is an illustrative image

*Boost to India's Solar Ambitions: Key Highlights from Budget 2024-25* The Indian government has reaffirmed its commitment to renewable energy with the Union Budget 2024-25, introducing several initiatives to propel the solar industry forward. Here are the key highlights: 1. *Increased Allocation for Renewable Energy*: The budget has allocated ₹4,500 crores for renewable energy projects, a significant increase from the previous year. This boost will accelerate India's transition to clean energy. 2. *Solar Power Tariff Relief*: To encourage solar adoption, the government has reduced the goods and services tax (GST) on solar power generation equipment from 18% to 12%. This move will make solar energy more competitive with fossil fuels. 3. *Green Energy Corridor Phase-II*: The government has announced an outlay of ₹10,000 crores for the Green Energy Corridor Phase-II, aimed at strengthening the transmission infrastructure for renewable energy. 4. *Solar Rooftop Scheme Extension*: The successful solar rooftop scheme has been extended, offering subsidies to residential and commercial establishments for adopting solar energy. 5. *Customs Duty Exemption*: To reduce costs, the government has exempted customs duty on imported solar panels and modules.The Budget 2024-25 has announced exemption of production machinery from import duty, which earlier attracted a 7.5% customs duty. This move is expected to catalyze India's solar modules and cells capacity. 6.*Renewable Energy Target*: India aims to have 500 GW renewable energy capacity by 2030, with solar playing a significant role in achieving this target. 7.*Domestic Production*: The government has announced schemes like production-linked incentives for solar panels, import duty on panels and cells, and a list of models and manufacturers for panels to boost domestic production. 8.*Current Capacity*: India's solar modules manufacturing capacity is currently over 50 GW, while cells making capacity is 6 GW. 9.*Budget Allocation*: The government has earmarked ₹400 cr in the budget for India’s participation in the World Expo 2025 to be held in Osaka, Japan from April 13- October 13, next year. An India pavilion will be set up at the event, and the estimated expenditure to be incurred in 2024-25 is ₹300 crore and ₹100 crore in 2025-26. These initiatives demonstrate India's dedication to achieving its ambitious renewable energy targets and becoming a global leader in the solar industry. - #RenewableEnergy - #IndiaBudget2024 - #BudgetHighlights - #Sustainability - #EnergyTransition - #GreenEnergy - #SolarPower - #Photovoltaic - #EnergyStorage - #SmartGrids

BOOM! Big News! Vietnam has issued a new decree on DPPA. A significant milestone! On July 3, 2024, the Vietnamese government issued Decree 80/2024/ND-CP on Direct Power Purchase Agreements (DPPA), marking a significant milestone in the renewable energy sector and demonstrating Vietnam’s commitment to decarbonizing its economy and achieving net-zero emissions by 2050. Key Highlights of the DPPA: Facilitates Direct Energy Sales: Allows direct sale of rooftop solar and other renewable energy via private transmission lines and the national grid. Establishes mechanisms for direct energy purchases between power producers and large electricity consumers. Two Forms of Direct Purchase: Through a dedicated connection line. Through the national power grid. Clear Regulations and Pricing: Renewable energy producers must negotiate and sign agreements on capacity, output, and price for surplus electricity with Vietnam Electricity (EVN) or an authorized entity. Retail electricity prices for large consumers buying from EVN are regulated by the Ministry of Industry and Trade. Spot Electricity Market: Renewable energy sales through the national grid occur in the spot electricity market. Prices are determined by the market electricity price and market capacity price, regulated by the MoIT. Impact on Businesses: Businesses can leverage this new policy for: Corporate social responsibility (CSR) Cost management and stability Competitive advantage Mitigation of regulatory risks New investment opportunities Renewable energy infrastructure development Energy storage solutions Financial and legal advisory services Green Tech innovation Corporate renewable energy procurement Government and public sector contracts Environmental credits and carbon offsetting After 2 years, the new DPPA mechanism has finally been released. Owing to the significantly changed regulations, which will give more confidence to the international investors. There are still challenges that could be happening in the following steps, you have to enhance grid infrastructure to ensure stability and efficiency in energy distribution. Stakeholders need comprehensive guidelines and support to navigate the new DPPA framework effectively. Welcome to point it out if you are still keen to develop this market, let's leave the communications open. #Vietnam #DirectPowerPurchaseAgreements (DPPA) #sustainability #cleanEnergy

To meet Thailand’s goals of carbon neutrality by 2050 and net-zero GHG emissions by 2065, a rapid acceleration of finance and investment in renewable power and energy efficiency is required. In order to support the country in reaching its goals, the OECD - OCDE has released the Clean Energy Finance and Investment Roadmap of Thailand. It outlines key recommendations and actions for unlocking finance and investment in clean energy, particularly in: ⚡ Renewable power, specifically small-scale renewable power systems, through strengthening policy planning, increasing policy predictability and setting region-specific targets over the near- and long-term, in line with Thailand’s net-zero target. 🏢 Energy efficiency in buildings, with a focus on cooling applications, including enhancing building codes and minimum energy performance standards, establishing bulk procurement models as well as developing Energy Efficiency Technology Lists. Read the full report to find out more 🔗 https://lnkd.in/enutecK7 Find out more about the OECD’s Clean Energy Finance and Investment Mobilisation (CEFIM) programme 🔗 www.oecd.org/cefim/ #Thailand | #CleanEnergy | #Finance | #OECD Géraldine Ang Ang, Valentina Bellesi, Deger Saygin, Lylah Davies

[Brand Innovation Reinforces Our Commitment to Green Energy] To further emphasise its image as a green energy corporate, our parent company, The Hong Kong and China Gas Company Limited (Towngas), has rebranded its logo that retains the simpler and fresher “Towngas”, aligning with current trends in energy transition and low-carbon development. Rooted in Hong Kong for over 160 years, Towngas has been continuously reducing its environmental impact and developing cleaner fuels. Although the Chinese-speaking public commonly refers to the company as “coal gas”, Towngas ceased using coal as a feedstock for town gas production as early as 1967. Apart from city-gas, Towngas and Towngas Smart Energy supply renewable energy through solar photovoltaics, energy storage and other projects on the Chinese mainland. Our smart energy services in fields such as energy management, virtual power plants, as well as water and environment businesses, also help us transform ourselves and communities we serve towards a green and low-carbon future. Since lighting up the streets of Hong Kong in the 19th century, we always bear in mind our mission as a public utility to provide safe, reliable and clean energy. In the future, Towngas will continue to promote more green and low-carbon projects, including green methanol, hydrogen energy, and sustainable aviation fuel (SAF) for sea, land, and air transport respectively, driving sustainable development. Watch this video to look back on Towngas’ logo history, and review the path we have taken to bring the blue flame to millions of households across Hong Kong and the Chinese mainland. #Towngas #TowngasSmartEnergy #Brand #Refresh #GreenEnergy

A new policy brief from the Griffith Asia Institute evaluates Australia’s 2024 green energy-related policies and examines their potential impact on Asia. Titled “Future Made in Australia: Evaluating Australia’s 2024 Green Energy-Related Policies and Their Potential Impact on Asia,” the report delves into the implications of Australia’s ambitious green energy initiatives for the Asia-Pacific region. Specifically, it analyses the Australian Government’s recently announced “Future Made in Australia agenda” and other legislative acts. #renewableenergy #renewable #Australia #cleanenergy

ACT's Solar Soak: A Brighter Future for Solar Energy The ACT has taken a significant step forward in managing the integration of solar energy with the introduction of Evoenergy ACT’s 'solar soak' tariff, as reported [1] by Ian Bushnell on the Riotact. This innovative approach avoids the imposition of export charges and instead incentivises energy use during peak solar production hours. In contrast [2], NSW's Ausgrid has implemented an Australian Energy Regulator approved two-way tariff system that includes both charges for daytime exports and incentives for evening exports. These differing strategies highlight the evolving landscape of renewable energy management in Australia. Some observations and considerations from the article: - Consumer-Friendly Incentives: Evoenergy’s 'solar soak' tariff rewards consumers for using energy during peak solar production times, fostering positive behaviour change without financial penalties. - Grid Management and Efficiency: Encouraging daytime energy use helps balance the supply and demand on the electricity grid, reducing strain and the need for costly infrastructure upgrades. - Economic and Environmental Benefits: This approach not only lowers energy costs for consumers but also maximises the utilisation of renewable energy, contributing to sustainability goals. - Comparative Models: The contrast between Evoenergy’s incentives and Ausgrid’s two-way tariff system offers valuable insights into different methods of managing solar energy integration. - Community and Technology Engagement: Extensive consultation with customers ensures the tariff structure meets consumer needs, while incentivising energy use during peak production times drives increased adoption of smart technologies. Evoenergy’s 'solar soak' tariff and Ausgrid’s two-way tariff system represent two innovative approaches to managing the growth of distributed solar energy. By comparing these models, we can gain valuable insights and feedback to shape future energy policies and promote sustainable energy practices. Evoenergy’s strategy highlights the potential for consumer-friendly solutions that support both economic and environmental objectives. Let's see how the market responds. #SolarEnergy #CleanEnergy #EnergyEfficiency #Tariff #EnergyPolicy References: [1] Sun still shining for ACT solar panel owners after export charge fears allayed by Ian Bushnell (The RiotACT / 20 May 2024) .. https://lnkd.in/g6dmxQph [2] The New Grid Charges for Distributed Solar Energy by Geoff Eldridge (LinkedIn Post / 18 May 2024) .. https://lnkd.in/gWkaSyJ6

After a record-setting heat wave hit Southeast Asia this past Spring, a transition to renewable energy has never been more urgent. To meet renewable energy targets, the region must attract a substantial amount of Foreign Direct Investment. Although those countries with less foreign ownership regulations may seem most attractive, investors must be diligent in their moves to unlock ASEAN’s renewable energy potential.   In his article, Associate Managing Director & Head of Political Risk and Strategic Intelligence for APAC Maxwell Abbott writes, "By fostering a more transparent and inclusive investment environment, ASEAN can accelerate its renewable energy transition and better address the pressing challenges of climate change and energy security. But with restrictive foreign ownership limits still in place across Southeast Asia, foreign investors will be wise to conduct rigorous investigative due diligence and mitigate the myriad risks presented by joint ventures with local business partners." Read the full story: https://lnkd.in/e3ib7Vwy Learn more about Max’s practice at Nardello & Co.: https://lnkd.in/e2_BnFkb #ASEAN #ESG #FDI #RenewableEnergy #ClimateChange #JointVentures #InternationalBusiness