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Advancing a Fair and Sustainable Energy Transition in ASEAN

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Advancing a Fair and Sustainable Energy Transition in ASEAN

Overview The ASEAN region is currently undertaking a massive overhaul of its energy systems to balance rapid economic growth and rising energy demand with the urgent need for deep decarbonization. To achieve a just and responsible energy transition, Southeast Asian nations must address a significant investment gap and the “energy trilemma” of security, affordability, and sustainability.

Key Points

  • ASEAN is the world’s fourth-largest energy consumer, with energy demand and carbon emissions both growing at an annual rate of 3%, which is significantly higher than the global average.
  • The region faces a massive investment gap, requiring an estimated $150 billion annually in clean energy funding by 2030, while currently attracting only about $30 billion per year.
  • Geographical and economic vulnerabilities, such as exposure to rising sea levels and agricultural dependence, make the transition to resilient, low-carbon power systems an urgent necessity.
  • The transition is complicated by “young” coal fleets and a grid infrastructure originally designed for conventional thermal power rather than intermittent renewable energy.
  • Targeted funding and concessional finance mechanisms, such as the Just Energy Transition Partnership (JETP), are needed to de-risk unattractive investment areas like the early retirement of coal plants.
  • Regional policy alignment regarding carbon taxes and sustainable activity taxonomies is essential to create a stable environment for international investors.
  • Technology transfer in areas such as carbon capture (CCUS), green hydrogen, and smart grids is critical for modernization.
  • A “just” transition must include workforce reskilling and community engagement to ensure that those dependent on the coal economy are not left behind during the shift.
  • The “ASEAN Leaders for Just Energy Transition” community, facilitated by the World Economic Forum, has issued a Shared Aspirations Statement to provide a unified voice for the region’s specific challenges and priorities.

ASEAN faces a critical energy transition, aiming for deep decarbonization despite surging demand and significant funding gaps. The region, a major energy consumer, is highly vulnerable to climate change, necessitating an urgent overhaul of its power sector. Key challenges include economic development goals, a young coal fleet, and infrastructure limitations. To succeed, ASEAN requires an estimated $150 billion annually in clean energy investment. Success hinges on mobilizing funds, fostering extensive regional and global collaboration, and aligning policies. A just transition also involves reskilling the workforce and ensuring community buy-in for long-term benefits.

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At Close of Business podcast March 4 2026

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At Close of Business podcast March 4 2026

Ella Loneragan talks to Nadia Budihardjo about why WA home care providers are working hard to adjust to market changes.

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Aussie shares dive as investors brace for energy shock

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Aussie shares dive as investors brace for energy shock

Australia’s share market has logged its second-worst session of 2026, on concerns a sustained oil price shock will intensify inflation and spark steeper interest rates.

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Diesel Prices Outgain Gasoline, Risking Higher Transportation Costs for Goods

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Ryan Dezember hedcut

American consumers are focused on prices at the pump following U.S. and Israeli strikes against Iran, and it’s looking like truckers might be in for the biggest shock.

Diesel futures rose 12% in New York, ending Monday at $2.9004 a gallon in the biggest daily gain since early 2022 when Russia invaded Ukraine. Gasoline futures, meanwhile, added 3.7% to settle at $2.3706 a gallon, the highest price since August 2024.

Relatively low fuel prices have been a bright spot in the Trump administration’s efforts to rein in the cost of living ahead of November’s midterm elections. While more expensive gasoline will surely frustrate U.S. drivers, higher diesel prices have the potential to raise shipping costs and those of goods broadly.

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Coffey to depart as Claremont FC CEO

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Coffey to depart as Claremont FC CEO

Claremont Football Club has announced that longstanding chief executive Darcy Coffey will depart Tigerland at the end of the month.

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Usana Health Sciences CIO Benedict Peter sells $88,258 in stock

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Usana Health Sciences CIO Benedict Peter sells $88,258 in stock

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TLT Is Having Its Worst Day In 2026

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Stocks Little Changed After Fed Decision

So far, this bond fund hasn’t suffered a bigger blow this year.

Popularly known as TLT, the iShares 20+ Year Treasury Bond ETF, a long-duration bond fund, is down 1.4% today.

This would be its worst single day percentage decline in 2026. The last time it fell by more than today was on Dec. 1, 2025, when it fell 1.6%, according to Dow Jones Market Data.

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US Temporarily Identifies Alibaba and Baidu as Companies Supporting China’s Military

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US Temporarily Identifies Alibaba and Baidu as Companies Supporting China’s Military

The Pentagon listed Alibaba, BYD, Baidu, and TP-Link Technologies Co. as companies providing support to the Chinese military. This designation highlights concerns over these firms’ alleged involvement or assistance in military activities, emphasizing increasing scrutiny of Chinese technology companies amid geopolitical tensions.


Recent reports have highlighted the involvement of several Chinese tech giants, including Alibaba and Baidu, in activities that may support China’s military ambitions. These firms are said to provide cloud computing services, data analytics, and artificial intelligence technologies that could be utilized for military purposes. U.S. officials have expressed concerns that such collaborations could enhance China’s military capabilities and undermine international security.

The scrutiny arises amid rising tensions between the United States and China, with the U.S. government actively monitoring Chinese companies that operate in sensitive sectors. Alibaba and Baidu, two of China’s leading technology firms, are accused of offering services that might facilitate military logistics, intelligence, and surveillance systems. These allegations come despite the firms’ public commitments to adhere to regulations and international standards.

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In response, U.S. policymakers are considering restrictions aimed at limiting the technological support provided to Chinese military endeavors. Experts emphasize the importance of transparency and regulation in preventing dual-use technologies from aiding military development. The situation underscores ongoing concerns about the intersection of technology, security, and international diplomacy, as both nations navigate a complex landscape of competition and cooperation.

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First Plane Carrying Stranded Aussies Is on Its Way to Australia From the Middle East

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Emirates airplane

The first plane carrying Australians who have been stranded in the Middle East is on its way to Australia.

The news comes as thousands of Australians remain stranded in the region amid the ongoing conflict between the United States, Israel, and Iran.

First Plane Carrying Stranded Australians on Its Way to Australia

According to Sky News, Flight EK414 departed shortly after 9 a.m. AEDT. It is the first commercial flight that has been able to bring Aussies back to Australia since the conflict began.

It is expected to arrive in Sydney later tonight.

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The report notes that there are 24,000 Australians who have been stranded in the United Arab Emirates.115,000 have been stranded in the Middle East region.

The Australian government has received heavy criticism regarding its handling of stranded Australians as the conflict in the region rages on.

“Unfortunately, I continue to get reports from them about the government just being flat-footed,” Shadow foreign minister Ted O’Brien said to Sky News.

He added, “They are struggling to get the right responses from the government, which is indicative of the government’s overly quiet and slow response in the lead-up to the conflict.”

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Australians Narrate Their Experience Escaping the Middle East

Some Australians who have managed to escape to safer ground have shared their experiences with ABC News.

An expat living in Dubai named Richard recounted how he had to book a limousine to guarantee a safe passage to Oman. However, it was denied entry at the border.

He and his partner had to board an overcrowded bus full of scared passengers just to get to Oman. When they got there, taxi rides were being quoted for as high as $8,000.

Another family shared their experience of having to pay thousands in dollars for alternative flights that were ultimately cancelled.

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“The airlines were hiking prices, knowing they could double their profit from people desperate and in need,” Simon Cass told ABC News.

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Is Your Facebook Down? Thousands Report Account Errors Before Service Is Restored

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X, Formerly Twitter, Offers Valuable Insights Into Self-Reported Chronic Pain Using Machine Learning: Study

Thousands of Facebook users experienced unexpected service downtime on the afternoon of March 3, causing frustration and confusion across the platform.

Downdetector data showed reports of issues surged rapidly, peaking at over 10,000 complaints as users struggled to access their accounts.

Users Encounter Error Messages

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During the outage, many users saw the message: “Your account is currently unavailable due to a site issue. We expect this to be resolved shortly. Please try again in a few minutes.”

While the alert indicated a temporary technical problem rather than account-specific issues, it offered little reassurance to those locked out, according to USA Today.

What Facebook Users Said About the Recent Outage

On Reddit, some users said that Facebook was undergoing extreme slowness when they loaded the page. Others thought that they were banned on the platform.

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“I’m getting that same error, but my wife isn’t. It seems to only be impacting certain users. The site is very slow for her, but it does still work,” one user wrote.

“Can confirm, I am also facing this issue. Seems to be a PC only problem for me though, as I can use Facebook app on phone and using my phone’s browser just fine. Doesn’t seem to be an account problem on my end,” another concerned user said.

Downdetector Shows Rapid Spike and Recovery

Real-time tracking from Downdetector highlighted the disruption’s scale, with complaints climbing sharply before gradually declining later in the evening. By 8:30 p.m. ET, reports had dropped to roughly 150, signaling that most issues were resolved.

The quick drop in complaints suggests a backend fix implemented by Facebook’s technical team, although the company has not publicly explained the cause.

Outages of this magnitude are often caused by server misconfigurations, software deployment errors, or infrastructure-related issues.

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Service Restored, But Reliance Remains

While Facebook’s services have largely returned to normal, the temporary blackout shows the platform’s importance for communication, business operations, and community engagement. Even brief outages can disrupt advertising campaigns, social interactions, and online workflows.

Meanwhile, TikTok faced an unexpected outage due to another Oracle outage. According to Tech Times, some content creators said that there were lags when they tried to post videos on their accounts.

Originally published on Tech Times

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Deloitte appoints new senior partner for the South West and Wales

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Andrew Wright has taken up the role from Dave Tansley

Dave Tansley and Andrew Wright of Deloitte.(Image: Chris Fairweather/Huw Evans Agency)

Professional advisory firm Deloitte has appointed Andrew Wright as its new practice senior partner for the South West and Wales. Mr Wright, who has close to 30 years of experience at the firm, will lead a combined team of 2,300 people, succeeding Dave Tansley.

He joined the firm 1996 and became a partner in 2012. He leads Deloitte’s audit business in Bristol and Cardiff and is also part of the national Deloitte Private leadership team and the global audit transformation group. In his new role Mr Wright will oversee the firm’s strategic direction across the South West and Wales.

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He takes over the role from Dave Tansley, who has led the firm in the South West and Wales for the past two years. Mr Tansley will continue his work as partner at Deloitte leading key initiatives until his retirement in May.

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During his two year stint as practice senior partner, Mr Tansley spearheaded the firm’s move into its new Bristol headquarters in the Halo Building in Finzel’s Reach, which has consolidated its position as a leading employer in the region. He also accelerated the growth of the firm in Wales, including its Cardiff Delivery Centre.

Mr Wright said: “The South West and Wales stands on the cusp of a vibrant future, powered by innovation in advanced manufacturing, clean energy, and a thriving digital economy, offer unparalleled opportunities for sustainable economic growth.

“My career has been rooted in the south West and Wales, and I know first-hand the depth of talent, expertise and potential that we have here. I am committed to developing that talent, and ensuring that we continue to make a tangible impact to our clients, people and communities.

“I want to thank Dave for his exemplary leadership. He has fostered a real sense of collaboration across the firm, leaving a strong foundation for future growth.”

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Mr Tansley, partner, Deloitte, said: “This role has provided an exciting last chapter as I close out my 32-year career with the firm. It has been immensely rewarding to support the growth of our people and witness the enthusiasm and expertise that they bring to sector-leading projects across the region.”

Ian Howse, senior partner, Wales, and Sam Hart, office senior partner for Bristol, will continue to lead their respective offices.

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