preparation crucial for banks to avail of green credit trends

Preparation crucial for banks to avail of green credit trends

Many foreign and Vietnamese financial institutions are now enthusiastically enforcing green loans or bonds as they continue to work towards transition to a low carbon economy. However, issues such as debtors’ leverage ratio or energy project quality are associated with risks. Pham Nhu Anh, member of the Board of Management, head of the Corporate and Investment Banking Division at Military Bank, talked to VIR’s Luu Huong about the risks and rewards of these climate-friendly initiatives.
apple announces 200 mn forestry fund to reduce carbon

Apple announces $200 mn forestry fund to reduce carbon

Apple on Thursday announced a $200 million fund to invest in timber-producing commercial forestry projects, with the goal of removing carbon from the atmosphere while also generating profit.
ge highlights gas potential in low carbon energy production

GE highlights gas potential in low-carbon energy production

At an online media roundtable held to share the findings of its latest Whitepaper on energy transition builds, GE has reiterated its commitment to carbon neutrality in its operations by 2030 and to exit the new-build coal power market.
forests soil may not keep pace with co2 emissions experts warn

Forests, soil may not keep pace with CO2 emissions, experts warn

The world is counting too heavily on soil and plants to soak up planet-ravaging carbon pollution, researchers cautioned Wednesday.
eu carbon tax plan compels local suppliers to step up

EU carbon tax plan compels local suppliers to step up

Vietnamese manufacturing exporters will be under pressure to invest in greener solutions once the European Union adopts a resolution on placing a carbon tax on some products from outside the bloc that do not meet decarbonisation standards
hsbc to phase out coal funding on shareholder pressure

HSBC to phase out coal funding on shareholder pressure

HSBC bank on Thursday unveiled plans to phase out financing of the coal industry over the next two decades, bowing to shareholder pressure to do more to tackle global warming.
lng powering the future of energy

LNG powering the future of energy

US-backed GE and partners have launched operations at Track 4A Power Plant in Malaysia, marking the very first commercial use of the former’s second-generation H-class gas turbines that are expected to widen the horizons of low-carbon energy production and accelerate the growth of liquefied natural gas in the global energy mix.
pooling all efforts for the carbon market

Pooling all efforts for the carbon market

The prime minister has assigned relevant ministries and agencies to compile a draft regulation introducing the forest environment and CO2 indexes in accordance with the regulation that localities developing industrial projects and emitting CO2 will be charged based on their forest environment index. Prof. Pham Van Dien, deputy director general of the Vietnam Administration of Forestry (VNFOREST), told VIR’s Kim Oanh about the principles these indexes need to incorporate and how they will help build out the carbon market in Vietnam.
vietnam leaps on carbon credit craze

Vietnam leaps on carbon credit craze

Once a policy to apply forest environmental and CO2 indicators is officially approved, Vietnam may participate more actively in the sale and purchase of carbon credits for both enterprises and localities.
new technological trends for carbon credit investors

New technological trends for carbon credit investors

Carbon credits are an essential part of the national and international scheme of things, which provides economic incentives worldwide to reduce pollutants and climate change. Thomas G. Giglione, founder and managing director of Carbon Credit Group in Toronto, writes on the potential of carbon credits and new technological trends.
vietnam reports positive results from partnership project on carbon market formation

Vietnam reports positive results from partnership project on carbon market formation

After five years of implementing the Vietnam partnership for market readiness project (VNPMR) in steel production, numerous positive results have been achieved, creating an important basis for Vietnam to build and develop its own carbon market and then connect it to the globe.
gas power generation to remain a prominent energy source in next decade

Gas power generation to remain a prominent energy source in next decade

Gas power generation is going to be a prominent source of energy in Asia in the next 10 years, following the decarbonisation trend taking place at the moment.
ge rises to challenges of energy transition

GE rises to challenges of energy transition

GE has announced a comprehensive set of goals to achieve carbon neutrality for the company’s operations by 2030.
unilever to eliminate fossil fuels in cleaning products by 2030

Unilever to eliminate fossil fuels in cleaning products by 2030

Unilever, a leading manufacturer of cleaning and laundry products, has announced it will replace 100 per cent of the carbon derived from fossil fuels in its cleaning and laundry product formulations with renewable or recycled carbon. This move is set to transform the sustainability of global cleaning and laundry brands including OMO, Sunlight, Cif, and Domestos (known as Vim in Vietnam).
apple pledges to be fully carbon neutral by 2030

Apple pledges to be fully carbon neutral by 2030

Apple pledged Tuesday to be carbon neutral across its entire business, including its manufacturing supply chain, by 2030, in a stepped up push to fight climate change.