The ASEAN green taxonomy is necessary to accelerate green financing for coal-fired power plant early retirement plans.
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Jakarta, May 4, 2023 - The ASEAN Taxonomy Board (ATB) published the second version of the ASEAN Taxonomy for Sustainable Finance (ATSF v2) in March 2023. This taxonomy acts as a guidance to help classify economic activities, particularly those related to green financing. The Institute for Essential Services Reform (IESR) welcomes the publication of the…
The Institute for Essential Services Reform (IESR) Executive Director, Fabby Tumiwa, said that all countries, including ASEAN, are competing to develop new and renewable energy.
"The problem is that the mix of renewable energy in electricity generation in Indonesia is still low. The highest is Laos because there are many hydropower plants and Vietnam," he said.
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To support the low carbon transformation process, it is imperative to strengthen cooperation among key stakeholders in the SEA countries. Achieving this goal will face different challenges across the region as some countries are more advanced in terms of infrastructure in renewable energy and financial instrument compared to other countries. Therefore, discussion…
Jakarta, 9 February 2022 - ASEAN is one of the most populated regions in which the economy is growing and energy demand grows rapidly. Economic growth emerged at time when there was a global effort to reduce greenhouse gas emissions. To maintain economic development and energy demand growth, a cleaner energy system should be developed…