South Korea’s KEPCO cancels foreign coal power investment
According to a media statement from Solutions for Our Climate, a Seoul-based nongovernmental organisation, KEPCO CEO Kim Jong-gap revealed this news during an annual governmental audit hearing by the Korean National Assembly. Kim Jong-gap further underlined that the company has “no plans to pursue overseas coal power projects in the future.”
South Korea’s move away from coal leaves a Philippine power plant in limbo
MANILA — State-run Korea Electric Power Corporation (KEPCO) will be cleaning up its widely criticized overseas coal energy investments, putting in limbo two projects in the pipeline in the Philippines and South Africa.
South Korean utility Kepco moves away from coal
South Korea’s biggest electricity distribution company said it will not invest in further new overseas coal power ventures and would either cancel or convert two out of four remaining projects in the pipeline to gas-powered ones.
South-east Asia must phase out coal plants, reduce reliance on fossil fuels to combat climate change: UN
SINGAPORE – As one of the regions with the highest number of coal plants in the pipeline, South-east Asia must work to quickly end its reliance on fossil fuels, with the goal of phasing out all coal plants from 2020, the United Nations (UN) urged on Friday (Aug 2). Speaking to journalists via a teleconference, […]
Southeast Asia may become net fossil fuel importer in coming years: IEA
SINGAPORE: Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in the region, the International Energy Agency (IEA) warned in a report. This comes despite expectations of slower growth in the region’s energy demand as economies shift towards less energy-intensive […]
Southeast Asia pins hopes on carbon capture to cut emissions
Southeast Asia’s climate fight was never going to be easy. As the region’s energy transition continues to lag and planet-cooking emissions skyrocket, governments are pinning their hopes on carbon capture, utilisation and storage (CCUS) technologies to help hit climate targets.
Southeast Asia turning away from coal power
New coal power capacity has fallen sharply in the region as renewables become more competitive, finds report Wind and solar power plant, Ilocos Norte, Philippines (Source: Veejay Villafranca / Greenpeace) Countries in Southeast Asia are building fewer coal-fired plants than expected as lenders distance themselves from the polluting technology. A new report from Global Energy Monitor (GEM) […]
Southeast Asia’s Clean Energy Challenge
While the region can’t give up on coal for now, there is a lot it can do to get clean. December 12 marks the third anniversary of the Paris Agreement, a compact intended to catalyze a global reduction in carbon emissions. Yet all the statistics suggest the problem is getting worse: the latest report from the International Energy […]
Southeast Asian coal demand to grow at fastest rate in world
TOKYO — Southeast Asian coal demand is forecast to rise 5% yearly through 2023 for the fastest growth rate worldwide, an International Energy Agency […]
Spike in national average power rate blamed on PHL’s coal dependence
The Center for Energy, Ecology, and Development (CEED) said Thursday the country’s dependence on coal power has actually driven power prices higher, as seen in the recent spike in electricity prices.