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.

Economic Logic Alone Will Not Curb ASEAN’s Carbon Emissions

A recent report by the climate research group Carbon Tracker grabbed headlines when it claimed that around 75 percent of current coal-fired capacity and 80 percent of planned new capacity is concentrated in just five countries: China, India, Vietnam, Japan, and Indonesia. This figure is jarring (although most of that is China and India), but […]

ASEAN needs a pragmatic approach to reach net zero

KUALA LUMPUR (July 26): The path to net zero should be an integrated initiative involving governments, industry and consumers, with policymakers taking the lead to create an ecosystem where all economic players can effectively participate.