Indonesia to Impose Carbon Tax on Coal Power Plants Starting July: Airlangga
Coordinating Minister for the Economy Airlangga Hartarto said Indonesia planned to impose a cap and trade tax and offset or carbon tax on coal-fired power plants starting July 2022. Coal-fired power plants operating inefficiently and producing emissions higher than the upper cap will be subject to additional costs.
Second straight week of major fuel price hikes set Tuesday
Oil firms are set to implement a major hike in pump prices of petroleum products this week, marking the second straight week of increases. In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Inc. said they will hike prices per liter of gasoline by P2.15, diesel […]
Draft Indonesia renewables bill proposes coal-based fuels as ‘new energy’
Environmental experts on Wednesday slammed an Indonesian parliamentary proposal for a bill aimed at promoting renewables that prominently feature the development of coal-based energy.
PTTEP to start Thailand’s first CCS project in 2026
PTT Exploration & Production (PTTEP) is gearing up to develop Thailand’s first carbon capture and storage (CCS) project at the Arthit offshore gas field as the state-backed upstream player eyes its net zero greenhouse gas (GHG) emissions target.
TNB inks US$3bil coal import deal with Indonesia
MELAKA: Tenaga Nasional Bhd (TNB) has inked a coal import agreement with Indonesia’s coal exporters, involving imports worth US$3 billion (US$1=RM4.37) for three years.
Philippines’ SMPC looks to diversify coal exports
The Philippines’ sole large-scale commercial coal mining firm Semirara Mining and Power (SMPC) is eyeing a further diversification of its export destinations this year as a way to buffer itself from volatility in the international market. One market the company is aggressively expanding into is South Korea. Coal sales to South Korea reached over 300,000t […]
Rich countries seek coal-to-clean energy deals with Indonesia and Vietnam
The UK, France, Germany, US and EU announced an $8.5 billion partnership with South Africa in November, under which they invest in renewable energy, electric vehicles and green hydrogen. It targets economic regeneration of coal mining areas to provide green jobs.
Japan’s Inpex delays Abadi LNG project in Indonesia again
Inpex’s (TYO:1605) proposed Abadi liquefied natural gas (LNG) plant in the Masela Block offshore Indonesia, which has long struggled to gain traction, has been delayed even further with a final investment not targeted until the latter half of this decade. Significantly, the project looks increasingly unlikely to be developed. Inpex’s managing executive director Daisuke Yamada […]
