Carbon Capture is the Key to Indonesia’s Net-Zero Emissions Future
In recent years, various energy efficient technologies have been developed in a bid to reduce global carbon emissions and the impacts of climate change. But so far, these alone have proven insufficient to reach the ambitious decarbonization goals laid out in the Paris Agreement.
PH not ready yet to get rid of coal-fired plants, says AboitizPower chief
The Philippines might continue to rely on coal-fired power plants in the next 25 years even as the government and energy companies are revving up efforts in the transition to clean energy, according to Aboitiz Power Inc.
Record coal prices pose problems for power producers
Coal futures have soared to record highs, reaching $179 per tonne this month. Spot prices of thermal coal, used in power stations, have risen 110 percent since the start of the year and are nearing 2008’s record.
Indonesia still clinging to coal despite phaseout pledge, new plan shows
JAKARTA — Experts have panned Indonesia’s vision for achieving net-zero carbon dioxide emissions, which consists of continuing to burn coal while hoping that untested carbon capture technology will stop the greenhouse gas from reaching the atmosphere.
ADB studying feasibility of acquiring, retiring coal plants in PHL
THE Asian Development Bank (ADB) said it is in the final stages of conducting pre-feasibility studies on coal plant acquisition and retirement in three Southeast Asian countries, including the Philippines.
Financing, investments needed to phase out coal
MANILA, Philippines — International concessional financing and private sector investment are critical in the phase out of coal developments in Asian countries, including the Philippines, which still has a heavy pipeline of fossil fuel-based plants, according to an official of the World Bank Group.
Indonesia’s pipeline of coal plants undermines pledge to only build renewables
Coal currently makes up nearly 40 per cent of Indonesia’s energy mix. Despite green rhetoric from the government, the situation is not likely to improve soon.
Financial firms plan to buy and close Asian coal-fired power plants
Financial firms are reported to be working together to buy and close coal-fired power plants across Asia in a bid to help industry meet climate targets. According to UK broadcaster the BBC, the plan was developed by British insurer Prudential and involves the Asian Development Bank (ADB) which is hoping the plan can be ready […]
