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 […]
Southeast Asia pins hopes on carbon capture to cut emissions
Southeast Asia’s climate fight was never going to be easy. As the region’s energy transition continues to lag and planet-cooking emissions skyrocket, governments are pinning their hopes on carbon capture, utilisation and storage (CCUS) technologies to help hit climate targets.
Indonesia suspends coal exports from 34 mining companies: Report
JAKARTA: Indonesia has suspended coal exports from 34 coal mining companies it said failed to meet domestic market obligations between January and July this year, CNBC Indonesia reported on Monday (Aug 9), citing a government document.
ADB, Citi, HSBC, Prudential hatch plan for Asian coal plant closures: Sources
Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said.
ASEAN countries start to shake off smokestack addiction
JAKARTA/BANGKOK/LONDON — Fossil fuel-reliant Southeast Asian nations have begun moving away from oil, coal and other polluting resources, swayed by a global push for decarbonization, with Indonesia’s state-owned public utility promising a full exit from coal in four decades.
ADB, fin firms draw plan to close Asia coal-fired power plants
Financial firms, including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed up the closure of Asia’s coal-fired power plants in order to reduce the biggest source of carbon emissions, five people with knowledge of the initiative said.
IESR asks government to prepare coal transition roadmap
Jakarta (ANTARA) – The Institute for Essential Services Reform (IESR) has asked the government to prepare a coal transition roadmap to anticipate the social and economic impact of any potential decline in coal demand in future.
Sembcorp to book $212 million impairment on Chinese coal venture in first-half results
SINGAPORE – Sembcorp Industries will book an impairment expense of $212 million in its first-half financial results, but it expects net profit to remain positive, the company announced before the market opened on Monday (Aug 2).
