Indonesia, ADB launch first coal power plant retirement deal
Indonesia, the Asian Development Bank (ADB) and a private power firm are teaming up to refinance and retire early the first coal-fired power plant under a groundbreaking new carbon emissions reduction project that moves from concept to reality on Monday.
Indonesia, ADB launch first coal power plant retirement deal
Korea mulls investment in Cambodian mining sector
South Korea expressed interest in investing in the mining sector in Cambodia and requested Cambodia to launch a more detailed study project on mining potential.
Reversing course, Indonesia conditionally allows new coal-fired power plants
Indonesia is allowing the development of coal-fired power plants for certain projects and under specific conditions, a year after it said it would phase them out to become carbon neutral by 2060.
The Asian Development Bank’s Energy Transition Mechanism
In 2021, the Asian Development Bank (ADB) announced it would no longer finance coal-fired power plants. This announcement was made at a time when other big players, like Japan and South Korea, were making similar commitments. If followed through on, such a change in policy would be a big deal given how much coal is burned in Southeast […]
Vietnam to increase coal imports in 2025-2035 period: Ministry
Vietnam’s coal imports are forecast to rise to meet domestic production demand, according to a draft strategy for developing the coal industry in Vietnam recently introduced by the Ministry of Industry and Trade (MoIT).
Marcos govt keeps ban on new Philippine coal plants
The Philippines’ new government of president Ferdinand Marcos will keep a moratorium on new coal-fired power plants in the country to avoid sending mixed signals to investors.
Vietnam targets higher coal imports as domestic demand climbs
Vietnam has forecast a substantial increase in coal imports over the next 12-15 years, particularly from the power sector, on rising domestic demand, according to a draft strategy for the coal industry from the Ministry of Industry and Trade, or MoIT.
