Thailand is not moving away from the use of coal power fast enough, Greenpeace has claimed, insisting that the transformation towards clean energy must start now if climate change is to be averted on the road towards a target of net zero greenhouse gas emissions by 2050.
Cambodia generated more than $21 million in non-fiscal revenue from the mining sector in 2020, up slightly from the previous year.
BNN Bloomberg, Canada’s business news network reporting on finance and markets, has recently published an article highlighting the extraordinary 100-fold increase in solar power that has taken place in Vietnam over the last two years.
JAKARTA — Indonesia says it will stop building new coal-fired power plants after 2023 to meet its carbon-neutral goals — but the more than 100 plants to be built by then will still be churning out CO2 decades after that.
Indonesia’s coal industry is running out of options. The pot of money for coal power is drying up. On Apr 22, South Korea announced it will no longer provide financial support for overseas coal projects. China seems to be the only country willing to provide the immense financial aid that Indonesia’s bloated coal industry needs […]
Indonesia’s biggest utility has pledged to stop building new coal power plants beyond its current pipeline of projects. In a briefing to Indonesian media, Zulkifi Zaini, president of the state-owned electricity company Perusahaan Listrik Negara (PLN), said the company would invest in renewables and aim to become carbon neutral by 2050.
A 265MW coal-fired power plant in Oddar Meanchey province is scheduled to begin operations early next year as construction of the plant’s infrastructure and transmission line connecting to East Siem Reap Substation nears completion, according to deputy provincial governor Di Rado.
The Asian Development Bank (ADB) will stop financing new coal power plants under a draft energy policy released Friday, a move that was cautiously welcomed by environmental groups.
KUALA LUMPUR, May 6 (Reuters) – Malaysia’s Malayan Banking Bhd (Maybank) on Thursday said it will no longer finance new coal activities as part of a five-year strategy that will also see the bank committing 50 billion ringgit ($12 billion) in sustainable financing.
Coal is set to continue leading power generation in Vietnam over the next decade, says a report. The analysis by data and analytics firm GlobalData shows that coal generation in the Southeast Asian country will reach 177.7 terawatt-hours (TWh) by 2030, providing almost 39% of its total power generation.