At today’s EU-ASEAN Summit in Brussels, the European Commission and the Member States of the Association of Southeast Asian Nations (ASEAN) have agreed to set up the EU-ASEAN Energy Dialogue. In the context of global challenges such as the fight against climate change and the ongoing energy crisis, this dialogue will allow for a structured engagement on energy policy development, regulatory reforms, and practices in the two regions.

European Union nations’ energy ministers have agreed on a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The Czech presidency of the European Council, which represents member countries, said a deal was reached in Brussels on Monday. The cap is the 27-country EU’s latest attempt to lower high gas prices that have inflated citizens’ energy bills and driven record-high inflation this year after Russia cut off most of its gas deliveries to Europe.

Prime Minister Datuk Seri Anwar Ibrahim today instructed all government departments to formulate and develop suitable measures to implement targeted subsidies by taking into consideration the interests of the consumers and the industries. In a statement issued after chairing the National Action Council on Cost of Living (NACCOL) meeting today, Anwar said Malaysia must channel bulk subsidies, which also benefit the super-rich and conglomerates, towards supporting the B40, M40 and small business owners who are particularly affected by the rising cost of living.

Energy companies from the United Kingdom (UK) are in Uganda to collaborate with local companies in the energy sector to develop innovations and improve access to energy. The 12 UK companies are on a trade mission seeking partnerships with key Uganda energy companies to realise affordable and clean energy. The companies are also expected to use this visit to explore energy access markets in Uganda, with a view to submitting project bids under the UK Aid-funded Energy Catalyst programme (ECP)

Tenaga Nasional Bhd (TNB) has called for energy players as well as the public and private sectors around the globe to continuously engage, collaborate and leverage each other’s best practices in the journey towards a sustainable future. Speaking at ENLIT Europe 2022 in Frankfurt, Germany, TNB president and chief executive officer Datuk Baharin Din said that as the world is rapidly changing, energy is the biggest driver of transformation.

China is willing to work with the Association of Southeast Asian Nations to promote green and low-carbon development, as part of the country's larger drive to make continuous contributions to global sustainable development, officials said on Thursday. Su Wei, deputy secretary-general of the National Development and Reform Commission, highlighted the importance of promoting green, low-carbon and sustainable development, saying China and ASEAN member economies share a broad cooperation space.

Proposed European Union rules aimed at tempering natural gas price spikes may actually jeopardize financial stability and need to be redesigned, the European Central Bank said on Thursday in a formal opinion. The EU proposed a "market correction mechanism" last month aimed at tempering natural gas prices and market volatility after a spike in energy costs pushed inflation to record highs and raised financial market stress in energy derivatives trading.

It "will take years" to get energy prices back to pre-Ukraine war levels, the boss of one of the world's biggest energy firms has told the BBC. Enel's Francesco Starace said bringing prices down depends on new sources of energy such as renewables and heat pumps. Governments across Europe are spending billions helping business and households afford energy bills. They are also scrambling to secure new supplies.

For the past two decades, environmental responsibility has increasingly come into focus for many countries and corporations. With initiatives like environmental, social and corporate governance (ESG) and accords like the Paris Climate Agreement, it is safe for us to assume that the future of energy is going to look very green.

There is a need to support large-scale renewable power as developing countries require sustainable power to support developments and economic growth, particularly in the Southeast Asian region, said Sarawak Energy Bhd strategy and corporate development executive vice president Ting Ching Zung.

The Sekdoorn floating solar farm in the Netherlands is completed after a record six weeks of work. This is the fastest construction speed ever for the German company specialized in the renewables sector BayWa r.e., who worked together with its Dutch partner GroenLeven to build the power plant.

The UK’s Department for Business, Energy & Industrial Strategy on Tuesday launched an innovation programme that will support the use of artificial intelligence (AI) to lower carbon emissions. The ‘AI for Decarbonisation Programme’ has received $1.7m in funding from the UK government. It forms part of the UK government’s $1.19bn ‘Net Zero Innovation Portfolio’ and will deploy in two stages.