Insights
Market Reports
Blogs
Under the backdrop of restructuring electricity market mechanisms in the Asia-Pacific region, Apala Group has launched a new article series, What’s Next?. This series aims to explore future trends in the renewable energy markets across the region and provide key priorities for renewable energy buyers. First up is the Taiwan market!
Today, it is imperative to recognize that cities are a catalyst for development and growth. At the same time, they play a crucial role in the fight against climate change. As such, implementing measures to reduce the environmental impact of the building sector can help ensure that cities of the future are inclusive, safe, resilient and sustainable spaces; but the reality is a little more complex.
Vietnam’s Power Development Plan (PDP) has outlined the country’s energy sector goals since 1981, beginning with PDP1. The latest version, PDP8, approved in May 2023, establishes the energy resource structure for 2021–2030, with a vision extending to 2050. As the country heads into the official calendar year and the “era of national rise” under To Lam, there is heightened anticipation regarding the sector’s direction.
As the realities of the climate crisis become ever more visible, many across the globe are navigating unique challenges and opportunities in their pursuit of a sustainable future. In 2024, countries in the Asia Pacific (APAC), Latin America and the Caribbean emerged as key players in this phenomenon, leveraging their rich natural resources and special technologies amid acute climate vulnerabilities, to pioneer innovative approaches to sustainable development. This article serves as a recap of the notable trends and developments in renewable energy and carbon markets within these emerging regions over the past year, offering insights into both the promise and complexities of their rapidly evolving landscapes.
In today's ever-evolving global business landscape, companies are proactively exploring sustainable solutions to reduce their carbon footprint and actively participate in environmental conservation. An integral aspect of these endeavors is the deliberate pursuit of higher-impact opportunities for renewable energy sourcing within the dynamic Asian markets, including Power Purchase Agreements (PPAs) and Virtual Power Purchase Agreements (VPPAs).
The Taiwan Ministry of Environment unveiled draft rules for the Round 3-2 offshore wind auction at the end of September, shedding light on adjustments to national offshore wind development restrictions. The auction will involve a two-phase selection process, beginning with a rigorous “performance review” assessing technical, financial, and industrial linkage commitments. Only developers meeting these high standards will progress to the “competitive evaluation” phase, where pricing and industrial linkage strategies will be decisive.
With the majority of a company's greenhouse gas (GHG) emissions stemming from supply chain activities and the Asian market serving as the primary hub for supply chains, US-based corporations are increasingly turning their gaze toward Asia to find opportunities for decarbonization. While strategies like optimizing supply chain efficiency and electrification are available to mitigate emissions, the most substantial and promising avenue currently lies in procuring renewable energy.
Although Colombia is only a contributor of 1% of Global Greenhouse Gas Emissions, the country is highly committed to decarbonizing its industries not only to reduce their environmental impact but also to foster economic growth in the region.
Corporations globally are increasingly looking to address the carbon emissions associated with their business. While most companies have thus far focused on reducing emissions within the boundaries of Scopes 1 and 2, the greatest opportunity for reductions lies in the realm of Scope 3 emissions, which average 5.5 times more emissions than both Scopes 1 and 2 combined. This article aims to pinpoint some of the best practices recommended by Science Based Target initiative (SBTi) for companies to reduce their carbon footprint.
In conversations with Apala Group’s clients, we have identified that initiating a decarbonization roadmap is a critical first step. To assist in this process and drive decarbonization in alignment with a 1.5°C scenario, we have created a supply chain decarbonization roadmap below. While the following parameters have been described in general terms, each will require more informed, nuanced steps specific to the each company’s unique supply chain, goals and available pathways.