DOF: ADB-backed energy transition mechanism to hasten PHL’s coal exit by 10-15 years
The Asian Development Bank (ADB)-supported initiative to speed up the Philippines’ transition from coal to clean energy sources is seen to generate investments, create jobs, and accelerate the retirement of coal-fired power plants in the country
Vietnam Spurns Coal as Southeast Asia Aims to Kick Dirty Habit
Vietnam made a surprise commitment at the COP26 climate summit to stop building new coal power plants, as Southeast Asian nations once seen as growth markets for the fuel start to turn their backs on it.
Indonesia sets $90/tonne coal price cap for local cement, fertiliser industries
Indonesia has set a price cap of $90 per tonne for coal sold to local cement and fertiliser industries, a ministerial regulation document showed on Thursday, amid a surge in global coal prices.
Singapore pledges to phase out unabated coal in electricity mix by 2050
GLASGOW – Singapore on Thursday (Nov 4) joined the Powering Past Coal Alliance, an international coalition of countries, cities, regions and businesses that promotes the transition from coal to clean energy.
Retirement of 10 out of PH’s 28 coal-fired power plants pushed
MANILA, Philippines — Consultants for the Asian Development Bank (ADB) have recommended three coal-fired power plants (CFPPs) with an aggregate capacity of 967 megawatts as priority for retirement through the ADB’s Energy Transition Mechanism or ETM, which is to be launched at COP26 in Glasgow on Nov. 3.
Indonesia could phase out coal by 2040 with financial help, finmin says
LONDON, Nov 2 (Reuters) – Indonesia could phase out coal-fired power plants by 2040 if it gets sufficient financial help from the international community, the finance minister told Reuters.
COP26: Energy Minister outlines Indonesia’s plan for phasing out PLTUs
Jakarta (ANTARA) – Energy and Mineral Resources Minister Arifin Tasrif underlined Indonesia’s commitment to stop the utilization of coal-fired power plants (PLTU) at the Indonesian Pavilion at the 26th Conference of Parties (COP) in Glasgow, Scotland. Antara News
Exxonmobil exploring carbon capture storage in Indonesia
JAKARTA, Nov 2 (Reuters) – Indonesian state-owned oil and gas company PT Pertamina and American energy giant Exxon Mobil Corp (XOM.N) signed an agreement on Tuesday to look at ways to use carbon capture storage (CCS) in the Southeast Asian country.
More than 60 Asian CSOs call on ADB to clarify details of its coal retirement mechanism
The Asian Development Bank (ADB) must delay soliciting financial support for its coal buy-out scheme in Southeast Asia at COP26 until it has addressed a number of practical concerns about this proposal, including the risk it could undermine an ambitious, swift, and just transition from coal in targeted areas, an alliance of non-governmental organizations from […]
Projects to Create Green Grid, CCS Hubs Across ASEAN, Australia
National authorities and companies across Southeast Asia and Australia are seeking ways to pool renewable energy resources and form a green power grid in the region, according to media reports.