The Japan Bank for International Co-operation (JBIC) is earmarking USD1 billion to fund two power projects in Indonesia. Fumio Hoshi, the bank's executive director, the projects include a steam-based power plant in Central Java and a geothermal power plant in Sarula, northern Sumatra according a report in journal Industrial Fuels and Power.
Global clean energy finance and investment grew significantly in 2010 to USD243 billion, a 30 percent increase from the previous year with China, Germany, Italy and India leading the charge in nations that most successfully attracted private investments, according to new research released by The Pew Charitable Trusts.
As Japan struggles with the aftermath of the Tōhoku earthquake - including a death-toll likely to top 25,000, more than 2,750 injured, 400,000 homeless and an estimated economic cost in excess of USD100 billion - confidence in civilian nuclear power across Asia has been badly shaken.
Geothermal leader Energy Development Corporation (EDC) and the World Wide Fund for Nature, Philippines (WWF) have joined forces to accelerate geothermal development in Asia, starting with the Philippines and Indonesia, via the landmark 'Ring of Fire' project.
The Indonesian Government is poised to issue a presidential decree that will lay out regulations for the development of geothermal energy resources, allowing renewable energy companies to mine in protected forest areas, according to a report by detikFinance.
As details of China's 12th Five Year Plan continue to be fleshed out, it is clear the economy is being pushed hard down the low-carbon path. Jiang Kejun, research professor in energy systems analysis at the Energy Research Institute – a think tank under China's powerful National Development & Reform Commission – is very well placed to see where that path is leading. He spoke to CleanBiz Asia executive editor Fergus O'Rorke at The Climate Group's Business Summit on Climate Leadership 2011 about progress being made and the inevitable bumps in the road as China approaches the peak of coal consumption.
This report by the World Bank spells out what the world would be like if it warmed by 4 degrees Celsius, which is what scientists are nearly unanimously predicting by the end of the century, without serious policy changes.
Companies in Asia reveal expectations that regulations that could lead to rising costs for reporting and reducing GHG emissions will also be the main sources of climate-related business opportunities.
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