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.

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.

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.

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.

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).

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.

Indonesian coal output could decline by as much as 47pc from 610mn t in 2019 to 322mn t by 2050 under a low carbon scenario compatible with the Paris Agreement (LCCP) target, according to a long term projection by the United Nations Framework Convention on Climate Change (UNFCCC).

TEMPO.CO, Jakarta – The Energy and Mineral Resources (ESDM) Ministry’s Mineral and Coal Director-General Ridwan Djamaluddin said Indonesia still has large coal reserves of 38.84 billion tons. “We still have about 60 to 65 years to go of our [coal] reserves,” said Ridwan in the ministry’s virtual discussion on Monday, July 26, 2021.

SINGAPORE: As Singapore lacks suitable known geological formations needed to store carbon dioxide permanently underground, it is exploring partnerships with companies and other countries to do so .

The Indonesian government has released an updated 2030 climate plan and long term strategy that indicate the country’s reliance on coal will continue well into the 2050’s. In a 156-page long term strategy document submitted to the UN, it outlines three pathways including a “low carbon scenario compatible with the Paris Agreement”