Indo-Pacific Energy Update – June 14, 2023
On June 1, Politico reported that Indonesia, Malaysia, and the Philippines are advocating for their firms to qualify for the electric vehicle (EV) tax credit under the U.S. Inflation Reduction Act (IRA).
On June 1, Politico reported that Indonesia, Malaysia, and the Philippines are advocating for their firms to qualify for the electric vehicle (EV) tax credit under the U.S. Inflation Reduction Act (IRA).
On June 14th, EIRP President Paul Saunders discussed the intersection of geopolitics, domestic politics, economics, resource availability, and the energy transition at the 21st Century Public Policy Institute, a program of Keidanren, the Japan Business Federation.
In the second installment of EIRP’s working paper series on Russia’s global energy role, Yury Melnikov assesses Russia’s renewable energy potential in the wake of Russia’s invasion of Ukraine.
On May 19, the U.S., the G7, and other governments jointly announced new sanctions against 200 Russian entities involved in Russia’s future energy production and its mining sector.
On May 1, Australian mining company Strategic Materials signed an agreement to purchase one hundred tons of rare earth (RE) oxides from Vietnam in the second half of 2023.
In the first installment in a new EIRP working paper series on Russian Energy, Alexandra Prokopenko, a Visiting Fellow at the German Council on Foreign Relations and Non-Resident Scholar at the Carnegie Endowment for International Peace, assesses Russian nuclear energy monopoly Rosatom’s international activity in the wake of Russia’s war in Ukraine and U.S. and allied efforts to apply economic pressure through sanctions.
On April 28, the Russian newspaper Kommersant Daily reported that Ukraine intends to raise transit fees on Russian oil entering its territory via the Druzhba Pipeline.
On Monday, April 24, Center for Energy Governance and Security at Hanyang University Director Younkyoo Kim said that recent Internal Revenue Service guidelines for implementing the Inflation Reduction Act’s electric vehicle tax credit were a ‘win-win’ outcome for the United States and South Korea that has reassured Korean manufacturers and the Korean public, at least in the near term.
The UN’s International Seabed Authority (ISA) said it will receive deep-sea mining applications for project outside member countries’ Economic Exclusion Zones beginning on July 9.
On March 21, during Chinese President Xi Jinping’s visit to Russia, Russian Prime Minister Mikhail Mishustin and Jinping agreed to $165 billion in investment across 79 projects through an intergovernmental commission.