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Straits Times
01-07-2025
- Business
- Straits Times
Can transition credits help SE Asia kick the coal habit?
How Asia can retire young coal plants early using transition credits and whether the market is ready. ST PHOTO: HADYU RAHIM Green Pulse host and ST deputy foreign editor, David Fogarty looks at Asia's tough balancing act: meeting rising electricity demand while cutting emissions, and the role of transition credits in helping shut down young coal plants early. ST PHOTO: HADYU RAHIM Green Pulse Podcast Can transition credits help SE Asia kick the coal habit? Synopsis: Every first and third Tuesday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change. Carbon credits are increasingly regarded as a key way to accelerate investment in renewable energy in Asia while also shutting down polluting coal plants early. Burning coal is a top source of planet-warming CO2 and air pollution. Asia faces a major challenge of meeting its growing appetite for electricity while also curbing emissions growth. A further challenge: The average age of coal power plants in the region is about 15 years – when the plants have a life of up to 50 years. To compensate plant owners, a coalition of power companies, banks, governments and philanthropy have come together to embrace transition credits, which monetise each tonne of CO2 saved from shutting down a coal plant early. The money from credit sales helps pay for the renewable energy power generation that replaces the coal power plant. But how far are we from viable transition credit projects and the sale of these credits? And who will buy them? Join Green Pulse hosts Audrey Tan and David Fogarty as they discuss these questions in this episode. Have a listen and let us know your thoughts! Highlights of conversation (click/tap above): 1:42 What are transition credits? 3:53 Are there any projects in the pipeline that could yield transition credits? 5:53 Any idea how much transition credits might be? 9:08 Who will be the main buyers? 11:46 What are the criticisms of transition credits? 16:19 The chicken-and-egg problem. Build the green power project first, credit money comes later. Follow Audrey Tan on LinkedIn: Read her articles: Follow David Fogarty on LinkedIn: Read his articles: Hosts: Audrey Tan (audreyt@ & David Fogarty (dfogarty@ Produced and edited by: Hadyu Rahim Executive producers: Ernest Luis & Lynda Hong Follow Green Pulse Podcast here and get notified for new episode drops: Channel: Apple Podcasts: Spotify: Feedback to: podcast@ --- Follow more ST podcast channels: All-in-one ST Podcasts channel: ST Podcast website: ST Podcasts YouTube: --- Get The Straits Times' app, which has a dedicated podcast player section: The App Store: Google Play: --- Find out more about climate change and how it could affect you on the ST microsite here.
Straits Times
17-06-2025
- Business
- Straits Times
'Things are bad. But don't lose hope' - A Singapore climate scientist's view of the world
Many nations and businesses are still investing in climate action, with green energy seen as smart economics. ST PHOTO: HADYU RAHIM Hosts Audrey Tan and David Fogarty in the ST podcast studio. ST PHOTO: HADYU RAHIM Green Pulse Podcast 'Things are bad. But don't lose hope' - A Singapore climate scientist's view of the world Synopsis: Every first and third Tuesday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change. The world is in a very dangerous place, says Singapore climate scientist Professor Winston Chow. Right when nations need to be united in fighting climate change, we seem more divided than ever, more focused on what are perceived to be more pressing issues, from cost of living to hot wars and trade wars. But climate change is exacting an ever greater toll and is a today problem, not the 'tomorrow problem' that many policymakers believe, Prof Chow tells Green Pulse hosts Audrey Tan and David Fogarty Scorching heat, increasingly costly climate-linked disasters, melting ice caps and rising sea levels – these are threats that need much greater attention from policymakers, including in SE Asia. The good news is that many nations and businesses remain committed to investing in climate adaptation and cutting emissions, such as green energy investments. And sustainability isn't dead – it's just good economics to factor in the cost-benefits of greener investing, he says. Have a listen and let us know your thoughts! Highlights of conversation (click/tap above): 2:27 What is your feeling right now given the dark clouds on the climate and policy fronts? 8:41 What is the one thing that has alarmed you? 13:37 Does the average person really understand how serious things are? 18:24 How worried should we be in SE Asia? 20:55 But there is reason for optimism, too, isn't there? 25:59 What's your message for those in the climate space? 'Don't lose hope.' Follow Audrey Tan on LinkedIn: Read her articles: Follow David Fogarty on LinkedIn: Read his articles: Hosts: Audrey Tan (audreyt@ & David Fogarty (dfogarty@ Produced and edited by: Hadyu Rahim Executive producers: Ernest Luis & Lynda Hong Follow Green Pulse Podcast here and get notified for new episode drops: Channel: Apple Podcasts: Spotify: Feedback to: podcast@ --- Follow more ST podcast channels: All-in-one ST Podcasts channel: ST Podcast website: ST Podcasts YouTube: --- Get The Straits Times' app, which has a dedicated podcast player section: The App Store: Google Play: --- Find out more about climate change and how it could affect you on the ST microsite here.
Straits Times
03-06-2025
- Business
- Straits Times
Why is everyone talking about an Asean power grid?
A long-discussed regional power grid could help Southeast Asia meet rising energy demands while curbing carbon emissions driving climate change. ST PHOTO: HADYU RAHIM Green Pulse Podcast Why is everyone talking about an Asean power grid? Synopsis: Every first and third Tuesday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change. Rapidly growing Asean is hungry for power to keep its economies humming. With electricity demand growth of 3 to 4 per cent a year, meeting that demand is a costly challenge for governments in the region. A regional grid, long-talked about, could help the region meet its energy needs while also putting a lid on growing carbon emissions that are heating up the planet. The regional grid could shift power around the region, helping move green electricity to countries less able to produce it. And the grid is becoming a reality, with Singapore's demand for low-carbon electricity imports helping drive investment. But wiring up the whole region will be expensive and large hurdles remain, including stronger policy support from regional governments, guaranteed power purchase agreements and lack of regional power trading networks. Join Green Pulse hosts Audrey Tan and David Fogarty as they discuss these questions in this episode. Have a listen and let us know your thoughts! Highlights of conversation (click/tap above): 1:52 The ASEAN power grid was first floated as an idea in 1997 but languished for years. 3:16 What are the key turning points that are helping make the grid a reality? 6:26 Lower air pollution, cheaper power are just some of the potential benefits 9:54 But high upfront costs of wiring up the region is a key challenge 14:48 What are some of the other challenges? 21:41 Blended finance and other funding sources are needed to come together to lure investors Follow Audrey Tan on LinkedIn: Read her articles: Follow David Fogarty on LinkedIn: Read his articles: Hosts: Audrey Tan (audreyt@ & David Fogarty (dfogarty@ Produced and edited by: Hadyu Rahim Executive producers: Ernest Luis & Lynda Hong Follow Green Pulse Podcast here and get notified for new episode drops: Channel: Apple Podcasts: Spotify: Feedback to: podcast@ --- Follow more ST podcast channels: All-in-one ST Podcasts channel: ST Podcast website: ST Podcasts YouTube: --- Get The Straits Times' app, which has a dedicated podcast player section: The App Store: Google Play: --- Find out more about climate change and how it could affect you on the ST microsite here.
Straits Times
20-05-2025
- Business
- Straits Times
The emerging ocean economy in South-east Asia
Offshore renewables are a key part of the emerging blue economy, as businesses invest in sustainable ocean-based industries to support climate goals. PHOTO: REUTERS Synopsis: Every first and third Tuesday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change. A healthy ocean is one of humanity's greatest defences against climate change, and businesses are now starting to recognise the importance – and potential – of the emerging blue economy. From sustainable aquaculture and farming practices, to offshore renewables and sustainable shipping, the ocean is becoming a frontier for innovation and investment. The involvement of the private sector can bring in much-needed funding to ensure that the oceans are managed sustainably. But what are the opportunities in this emerging sector, and is there a tension between profit-making and conservation? Tune in to this episode to hear more from Dr Alfredo Giron, head of ocean at the World Economic Forum. Highlights of conversation (click/tap above): 1:06 What is the blue economy? 6:35 What are the traditional and emerging sectors in the ocean economy? 10:22 How can opportunities in the ocean economy be made available to developing countries? 14:59 What are some examples of bankable ocean projects? 17:45 What do countries think of the potential of the ocean economy? 22:55 What is the appetite like among businesses? Follow Audrey Tan on LinkedIn: Read her articles: Follow David Fogarty on LinkedIn: Read his articles: Hosts: Audrey Tan (audreyt@ & David Fogarty (dfogarty@ Produced and edited by: Hadyu Rahim & Natasha Liew Executive producers: Ernest Luis & Lynda Hong Follow Green Pulse Podcast here and get notified for new episode drops: Channel: Apple Podcasts: Spotify: Feedback to: podcast@ --- Follow more ST podcast channels: All-in-one ST Podcasts channel: ST Podcast website: ST Podcasts YouTube: --- Get The Straits Times' app, which has a dedicated podcast player section: The App Store: Google Play: --- Find out more about climate change and how it could affect you on the ST microsite here.
