Vietnam will find it hard to mobilize foreign funding for coal-fired electricity plants because many nations have vowed-up to step up environmental protection.
Vietnam to Indonesia: the Asian countries hit hardest by China’s clampdown on new coal-fired power plants overseas
Chinese President Xi Jinping’s pledge to the United Nations that China will no longer build coal-fired power plants overseas will leave many projects awaiting financial closure at risk of cancellation.
Jakarta (ANTARA) – The development of coal-fueled power plants (PLTU) is no longer an option in Indonesia, which is moving to transition from fossil fuels to new and renewable energy, the Energy and Mineral Resources Minister has said.
PHNOM PENH — The potential cost of Cambodia’s push to boost its reliance on coal power has increased sharply since it began to ramp up two years ago, prompting calls for the government to rethink and promote renewable energy.
China’s plan to stop building coal-fired power plants in other countries is an opportunity for Cambodia to switch to a mix of sustainable options, according to speakers at an online climate conference.Cambodia Climate Change Summit 2021 was organised by Mekong Future Initiative and supported by the Ministry of Environment.
JAKARTA — Consumer goods behemoths such as Unilever, PepsiCo and Nestlé that buy palm oil from Indonesia may be exposed to the environmental and social fallout from a seemingly unrelated industry there: coal mining.
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.
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.
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.
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.