India's imports from Russia have jumped nearly five times to over $15 billion ever since Russia invaded Ukraine.
They will hurt in the short term but will be a blessing in disguise by accelerating the EU’s green transition.
The Deputy Minister of Foreign Affairs appreciated the potential of nuclear power but reaffirmed Vietnam’s commitments to the goal of achieving net zero emissions by 2050.
The Cambodian government and its partners have been looking for new markets to sell carbon credits to strengthen conserving natural resources and boost local economies.
According to Vietnam Electricity, 62 projects with a total capacity of 4,170MW, due to slow progress, could not be put into commercial operation on time.
Even the Kuala Lumpur International Airport was not spared as a blackout was reported through the Malaysia Airport Twitter account.
Rising temperatures, combined with resumption of economic activity after the Covid-19 outbreaks, have significantly raised the demand for energy, especially electricity.
Exxon Mobil of the United States and Britain’s Shell, which held stakes in the projects, have announced their withdrawal. But Japanese companies will continue to participate.
The United States, Russia, Japan, South Korea, Argentina, France and the United Kingdom had reached out to Manila to help lower energy costs.
President Xi Jinping and Russian President Vladimir Putin made the pledge in congratulatory messages delivered to the third China-Russia Energy Business Forum.