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G7+ Raises US$20bn to Help Indonesia’s Coal Plants Retirement Program

TEMPO.CO, Jakarta – A coalition of G7+ members has agreed to help Indonesia fast-track its energy transition program by raising US$20 billion (around Rp311 trillion) over the next three to five years, through Indonesia Just Energy Transition Partnership (JETP). The partnership included efforts to shut down coal-fired power plants early and increase the use of renewable energy sources.

Indonesia, ADB launch first coal power plant retirement deal

Indonesia, the Asian Development Bank (ADB) and a private power firm are teaming up to refinance and retire early the first coal-fired power plant under a groundbreaking new carbon emissions reduction project that moves from concept to reality on Monday.

Korea mulls investment in Cambodian mining sector

South Korea expressed interest in investing in the mining sector in Cambodia and requested Cambodia to launch a more detailed study project on mining potential.

Reversing course, Indonesia conditionally allows new coal-fired power plants

Indonesia is allowing the development of coal-fired power plants for certain projects and under specific conditions, a year after it said it would phase them out to become carbon neutral by 2060.

The Asian Development Bank’s Energy Transition Mechanism

In 2021, the Asian Development Bank (ADB) announced it would no longer finance coal-fired power plants. This announcement was made at a time when other big players, like Japan and South Korea, were making similar commitments. If followed through on, such a change in policy would be a big deal given how much coal is burned in Southeast […]

Vietnam to increase coal imports in 2025-2035 period: Ministry

Vietnam’s coal imports are forecast to rise to meet domestic production demand, according to a draft strategy for developing the coal industry in Vietnam recently introduced by the Ministry of Industry and Trade (MoIT).

Marcos govt keeps ban on new Philippine coal plants

The Philippines’ new government of president Ferdinand Marcos will keep a moratorium on new coal-fired power plants in the country to avoid sending mixed signals to investors.

Vietnam targets higher coal imports as domestic demand climbs

Vietnam has forecast a substantial increase in coal imports over the next 12-15 years, particularly from the power sector, on rising domestic demand, according to a draft strategy for the coal industry from the Ministry of Industry and Trade, or MoIT.

Malaysia to stop building coal plants from 2040

The Malaysian government will stop building coal power plants starting in 2040, and shift its focus toward clean and renewable energy, according to Minister in the Prime Minister’s department in charge of economy Mustapa Mohamed.

Thailand PTT Group exits coal mining business with a nine-figure

Thai oil and gas conglomerate, PTT Group’s board of directors gave the go-ahead for PTT Mining of Hong Kong (PTTML), a coal mining business, to be transferred to Indonesia-based PT Astrindo Nusantara Infrastruktur Tbk (Astrindo).