Laos makes solid progress towards carbon neutrality
The ADB said in a recent report that Laos has made solid progress towards achieving its nationally determined contributions (NDCs) under the Paris Agreement, aimed at achieving net-zero emission.
Vientiane (VNA) - The ADB said in a recent report that Laos has madesolid progress towards achieving its nationally determined contributions (NDCs)under the Paris Agreement, aimed at achieving net-zero emission.
The ADB’s Asian Development Outlook 2022 noted that Laosis committed to further promoting renewable energy and investments in low-carbonsectors to achieve carbon neutrality by 2050.
According to the report, strong foreign privateinvestment inflows are expected to support the development and supply oflow-carbon electricity and grid connectivity in Laos for export markets.
It cited as examples plans on wind farm investments of1.6 gigawatts, including a 600-megawatt (MW) Monsoon Wind project in Xekong andAttapeu provinces that will export energy to Vietnam.
These investments are expected to become one of theworld’s largest wind farms and provide over 90 million t꧟onnes of carbon savingover their l꧙ife.
The report also mentioned the Lao government’s plan toincrease the share of solar power in its energy mix to almost 25 percent by 2025,from under 1 percent at present.
The government has given the green light for investorsto develop a number of solar projects, with some currently carrying outfeasibility studies.
According to the ADB, although Laos’ emissions🐽 are lowcompared with other Southeast Asian economies, industrial development andincreasing consumption are nevertheless contributing to gro🎶wing emissions./.
The Ministry of Planning and Investment (MPI) is collecting opinions on the Prime Minister’s draft decision on approving the national action plan on green growth for 2021-2030, with a vision to 2050.
Vietnam presented five proposals to promote parliaments' actions to achieve net zero targets at the plenary meeting of the 144th General Assembly of the Inter-Parliamentary Union (IPU-144) in Bali, Indonesia, on March 22.
Greening the garment industry is essential for the sector to fully exploit opportunities arising from free trade agreements and participate deeply in the global value chain, according to the Vietnam Garment and Apparel Association (VITAS).
The World Bank (WB) supports the Indonesian government's endeavors in recovering the economy from the impact of the COVID-19 pandemic while still addressing the issues related to climate change.
Vietnam has been actively building energy planning in the direction of reducing thermal electricity, increasing renewable energy and developing gas-fired power in a rational manner, according to Minister of Industry and Trade Nguyen Hong Dien.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
