This year has seen 56 global banks, insurers, pension funds and asset managers boost coal exit policies

Asia’s reliance on coal-fired power may prove unsustainable in the long run because thermal power plants need to be cooled down with large quantities of water, the sources of which are drying up because of climate change, says a new study. Coal-fired power plants in India and South-East Asia are most likely to be affected by future water shortages, says […]

MANILA, April 5 (Bloomberg): Asia is pumping billions of dollars into new gas infrastructure, making the region pivotal in a debate over the role of the fossil fuel as the world aims to curb emissions.

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.

A surge in coal prices is driving a wave of bank loans to miners in Indonesia, the world’s fifth-largest coal producer and top exporter.

MANILA, Philippines — Philippine banks are urged to phase out financing for coal projects in the country. Clean energy group Center for Energy, Ecology, and Development (CEED) said 13 local banks were identified by the Global Coal Exit List (GCEL) to be responsible for lending or underwriting $6.3 billion to coal developers from 2017 to […]

BANPU Plc, a leading integrated energy solutions company in the Asia-Pacific, is now in its second consecutive year of penetrating Vietnam’s coal markets. It aims to seal agreements to provide more than 2 million tonnes of coal to Vietnamese clients to respond to growing demand for coal. Moreover, under its “greener and smarter” strategy, the […]

The Mine and Energy Ministry has called on local and foreign companies to bid for the Kingdom’s coal mining exploration licences in Oddar Meanchey. The announcement wants both local and foreign private companies to apply for a licence to explore coal mines within a 200 square kilometre area in the province’s Ou Svay commune in Trapeang […]

Coal expansion by the Philippines’ biggest energy companies could lead to the fossil fuel’s share of the energy mix growing from 52 per cent today to a whopping 75 per cent by 2025. Using government data, environmental advocacy group Greenpeace identified how four of the country’s biggest conglomerates are set to substantially increase their coal portfolios. […]

Church leaders and civil society groups advocating clean and renewable energy sources on Thursday appealed to banks and financial institutions funding coal projects to withdraw their support for the development of this dirty fossil fuel. In a statement issued during the launching on Thursday of the drive dubbed “Withdraw From Coal Campaign,” environmental groups said […]