Petronas sign against the backdrop of the Twin Towers.
Goh Seng Chong | Bloomberg | Getty Images
Asia needs to achieve net zero before the world can do so, according to the CEO of Malaysia’s state-owned oil and gas company Petronas.
“The bulk of the emissions [that] are expected to emit will be produced in Asia going forward,” Tengku Muhammad Taufik told CNBC’s JP Ong Tuesday on the sidelines of the Energy Asia in Kuala Lumpur, Malaysia.
“The world cannot achieve net zero without Asia achieving net zero,” Taufik pointed out during the opening address of summit. Asia will represent half of global GDP by 2040, as well as 40% of global consumption, he added.
The energy transition goals embodied in the Paris Agreement cannot be undertaken by “one industry, or one set of policymakers, or one country alone,” he said during the keynote speech.
The world’s governments agreed in the 2015 Paris climate accord to limit global heating to well below 2°C, compared to pre-industrial levels, and pursue efforts to limit the temperature rise to 1.5°C.
According to a March report by the International Energy Agency, emissions from Asia’s developing economies and emerging markets grew more than other regions in 2022, up by 4.2%. More than half of this increase is attributed to coal-fired power generation.
An idealist’s narrative?
Seeking to clamp down on the use of fossil fuels, or completely abandon it, may not necessarily be the way forward, Taufik said, adding that complete decarbonization overnight is an idealist’s narrative.
Including fossil fuels as part of the energy base, at least for the first half of the century, is needed if the world wants to move away from energy supply shocks, he said.
“Unfortunately, the narrative to date has been driven by idealists. Extremists who believe there’s a binary switch that overnight we can turn from System A to System B,” he said, referring to System A as the inherent fossil fuel backed economy, and System B as decarbonizing to zero carbon overnight.
The world has not thought about the full ecosystem that comes with implementing System B, such as the minerals and metals requirements and supply chain issues that need to be resolved first, Taufik added.
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“Yet we seek to abandon fossil fuels in an extreme fashion without allowing the industry to deal with inherent emissions challenge,” he said.
According to a separate world energy outlook report by the International Energy Agency, the world remains highly reliant on the use of fossil fuels such as oil, natural gas and coal.
“The share of fossil fuels in the global energy mix has been stubbornly high, at around 80%, for decades,” the report stated. In a scenario-based forecast hinging on current policy settings, the fossil fuel mix would fall to just below 75% in 2030, and above 60% in 2050.
“We’ve always positioned natural gas as a transition fuel,” the Petronas chief said, noting that recent debates have considered views that gas could even be a destination fuel because it offers a baseload of security and certainty, especially when renewables have yet to overcome intermittency issues.
But it looks like the design refresh is still a transitional in Tesla’s production as the automaker is still taking orders for the previous version:
For the launch in North America and Europe, Tesla has only added a new “trim” on the Model Y online configurator for a ‘Launch Series New Model Y’, which is the version unveiled in China earlier this month.
But in China, only this new version has been available for sale since the last two weeks.
Tesla estimates that the new version will have 320 miles of EPA range. Compared to 311 miles for the previous Model Y Long Range AWD, the only version of the new Model Y Launch Series available.
Here are all the other changes with the new Model Y compared to the previous version:
Feature
Model Y
New Model Y
Starting Price After Est. Savings
$31,490 Available Now
$46,490 Available Starting March
Trims
Long Range RWD Long Range AWD Performance AWD
Launch Series Long Range AWD
Range
277-337 miles (EPA est.)
303-320 miles (est.)
Seating
First row: power recline and heated Second row: manual fold and heated
First row: power recline, heated and ventilated Second row: power two-way folding and heated
8 exterior cameras (includes a new front-facing camera)
Audio
Long Range RWD: 7 speakers Long Range AWD: 13 speakers, 1 subwoofer Performance AWD: 13 speakers, 1 subwoofer
Launch Series Long Range AWD: 15 speakers, 1 subwoofer
Connectivity
First-generation hardware
Second-generation hardware
Trunk
Power open
Hands-free power open on approach
Interior
Footwell and door pocket ambient lighting Wooden detailing with black interior
Footwell and door pocket ambient lighting Wrap-around ambient lighting Aluminum detailing and premium textiles
Climate
Tinted and laminated safety glass Power-actuated first-row air vents Manual second-row air vents
Tinted and laminated safety glass with metallic infrared reflective coating Power-actuated first- and second-row air vents
For the Launch Series, Tesla is pricing the new Model Y Long Range AWD at $59,999 USD. That’s $12,000 more than the previous Model Y Long Range AWD, which is still available to order.
Specifically for the Launch Series, buyers get a bunch of special badging around the car:
But they also get things called “Premium Textil Trim” and “Vegan Suede for Black Interior”:
Currently, Tesla is only offering the new Model Y in Stealth Grey, Pearl White Multi-Coat, Ultra Red, and Quicksilver, but they are all included in the Launch Series price.
Tesla is talking about the first deliveries of this new version of the Model Y coming in March in North America.
Electrek’s Take
This came sooner than expected, as most expected the launch to be closer to March based on how Tesla launched the Model 3 refresh last year.
But this is also different since Tesla continues to take orders for the previous version.
Tesla was likely worried about the Osborne effect and this strategy of starting with this more expensive version of the Model Y, the Launch Series, is going to help sales of the much cheaper previous version.
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Rivian (RIVN) plans to launch a new Advanced Driver Assistance System (ADAS) this year to enable hands-free driving. The new feature is expected to be similar to Tesla’s Full-Self Driving (FSD). In 2026, Rivian will up the ante with an “eyes-free” system.
Rivian plans hands-free driving in 2025, eyes-free in 2026
At the new Rivian Space opening in San Francisco on Thursday, CEO RJ Scaringe revealed a few exciting developments to look forward to.
According to the folks at RivianForums, Scaringe said during the event that the company plans to launch a hands-free ADAS feature in 2025. Next year, Rivian will follow it up with an “eyes-free” system.
The big question is, will current Rivian R1S and R1T owners gain access? It could depend on whether you drive a Gen 1 or Gen 2 model. All Rivian models built through 2024 are considered Gen 1, while models 2025 and newer are Gen 2.
Rivian introduced the second-generation R1S and R1T last summer. They were “completely reengineered” with hundreds of hardware improvements, fully redesigned software, and more.
The upgrades include its new in-house autonomy system, Rivian Autonomy Platform. It’s powered by 11 cameras, five radars, and predictive AI.
Rivian R1T (left) and R1S (right) electric vehicles (Source: Rivian)
Rivian said the new platform is “10 times more powerful” than the old system. It also features 360-degree visibility with 8X the number of camera pixels than the previous models. Gen 2 models already include features like Blind Spot Monitoring and Highway Assist.
With the premium version, drivers gain access to Lane Change, while Rivian said Enhanced Highway Assist and other features were coming soon.
Rivian R2 electric SUV (Source: Rivian)
Although all Rivian R1S and R1T EVs include OTA updates, some features may require additional hardware or software not included on Gen 1 models.
Rivian hands-free and attention-free autonomous highway driving will be available on the upcoming R2 model. The smaller electric SUV is due out in the first half of 2026, starting at around $45,000.
Electrek’s Take
As a Tesla Model 3 driver, I can tell you that Full-Self Driving (FSD) is fun and can be helpful at times. I’ve used it on longer trips, like through the Blue Ridge Mountains, and it makes driving or sitting in the car a little more enjoyable.
Although the system still requires you to pay attention, it enables the vehicle to drive itself almost anywhere with “minimal driver intervention.”
The new Actually Smart Summon feature is one of my favorites. Through the Tesla app, you can summon your vehicle to come to you in a parking lot. The vehicle will then move around other cars, people, and objects to find you.
Other functions, like Navigate on Autopilot, will take over while the vehicle is on the highway, changing lanes (with turn signals) and braking or accelerating as needed.
For Rivian owners, it would be like an upgraded system from Highway and Lane Change Assist. The “eyes-free” system coming next year will likely have a few regulatory hurdles to pass before it rolls out, so it should be interesting to see what that will consist of. Check back for more info soon. We’ll keep you updated with the latest.
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The United Arab Emirates is building the world’s largest solar and battery storage project that will dispatch clean energy 24/7.
Emirati Renewable energy company Masdar (Abu Dhabi Future Energy Company) and Emirates Water and Electricity Company (EWEC) are developing the trailblazing solar and battery storage project. Once it’s online, will become the largest combined solar and battery energy storage system (BESS) in the world.
Located in Abu Dhabi, the project will feature a 5.2 GW solar PV plant coupled with a 19 gigawatt-hour (GWh) BESS.
His Excellency Dr. Sultan Al Jaber, minister of industry and advanced technology and chairman of Masdar, said:
For decades, the biggest barrier facing renewable energy has been intermittency – to be able to source uninterrupted clean power day and night.
In collaboration with EWEC and our partners, we will develop a renewable energy facility capable of providing clean energy round the clock.
For the first time ever, this will transform renewable energy into a world-leading 1 GW of reliable baseload energy every day on an unprecedented scale – a first step that could become a giant leap for the world.
Masdar announced China’s JA Solar and Jinko Solar, two of the world’s largest solar panel suppliers, and Chinese battery and BESS giant CATL as preferred suppliers. JA Solar and Jinko Solar will supply 2.6 GW of solar panels each. India’s Larsen & Toubro and POWERCHINA have been selected as preferred engineering, procurement, and construction contractors.
Masdar says the project will create 10,000 jobs and doesn’t yet indicate a projected completion date.
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