Indonesia needs around 470 billion USD to meet its climate commitments, in addition to about 100 billion USD for a programme to develop 100 GW of solar power. As public funding alone will not be sufficient, the carbon market is expected to become an important source of finance for clean energy, forest conservation and emissions reduction projects.
KAI Vice President for Corporate Communications Anne Purba said the transition to B50 biofuel will be carried out in phases and undergo a rigorous testing process to meet the operational requirements of the railway industry, which demands high reliability and continuous operation.
The Vietnamese government and businesses need to work together to build favourable legal frameworks to encourage more sustainable production and consumption models, said insiders.
Vietnam is a notable destination for the Canada-based startup dynaCERT to expand its carbon emission reduction technology for diesel engines called HydraGEN, President and CEO of the firm Jim Payne told the Vietnam News Agency.
Carbon credits could become a key measure of success in sustainable rice farming, according to Dr Nguyen Do Anh Tuan, Director General of the International Cooperation Department of the Ministry of Agriculture and Rural Development (MARD).
