Vietnam aims to achieve net-zero carbon emissions by 2050 through initiatives like the Just Energy Transition Partnership (JETP) with the International Partners Group (IPG). However, significant investment and regulatory reforms are needed to meet this goal, given the country's heavy reliance on coal and the need to attract foreign capital.

A planned 500-mile transmission line, SunZia, has been in development for 17 years to carry wind power across the Southwest, but its approval process has been stalled due to bureaucratic delays and opposition from local communities.

EMOV, an independent international energy company, has acquired a majority stake in Nostrum Oil & Gas, becoming the largest shareholder. EMOV now holds 18.9% of Nostrum's issued shares, enhancing its presence in the Caspian region through the acquisition of Nostrum's Chinarevskoye field in Kazakhstan.

U.K. Treasury chief Jeremy Hunt will present his budget amidst high expectations for relief from the cost of living crisis, while workers protest for higher wages and better working conditions. The budget includes a significant increase in defense spending and support for child care, but faces challenges from ongoing strikes by public sector workers, particularly in healthcare. Hunt aims to restore fiscal responsibility and manage inflation, which has risen to historic highs due to the ongoing conflict in Ukraine.

The UK has extended its energy price guarantee to keep energy bills stable at £2,500 ($3,037) for three months, aiming to ease household pressure as natural gas costs decline. This decision, announced by the Treasury, will last until July and aims to prevent a £500 increase in annual energy costs. Chancellor Jeremy Hunt emphasized the importance of this move in managing inflation. Consumer advocacy groups have raised concerns about the sustainability of the current support measures, highlighting the need for long-term solutions to address energy affordability.