MURANG Kuryente Partylist (MKP) wants the Manila Electric Co. (Meralco) to abandon its coal- power plant projects and instead shift to developing renewable-energy (RE) sources. “Renewable energy is safer, more affordable and more sustainable than coal, and it is welcome to hear Meralco say they are committing to it. But we don’t want RE to […]

AN ENERGY think tank said it is seeking support from Congress to help contain the growth of coal-fired power plants in Southeast Asia, which it said make up the bulk of upcoming power projects. In a statement Wednesday, the Center for Energy, Ecology and Development (CEED) said legislators should take part in the global effort […]

HANOI/SINGAPORE (Reuters) – Vietnam has become a hot spot for energy investors eying a spend of up to $150 billion over the coming decade to meet surging power demand, with coal set to dominate despite signs of a government effort to go green. FILE PHOTO: Power-generating windmill turbines are pictured at a wind park in […]

SINGAPORE — A push to end Southeast Asia’s addiction to fossil fuels is gathering pace after the region’s two biggest banks said they would stop funding coal-fired power plants. Singapore’s DBS Group Holdings said last month that it would cease financing new coal power projects from 2021 following the completion of existing projects in Indonesia and Vietnam, and […]

The Indonesian coal price reference (HBA) has continued to decline this month due to shrinking market demand to US$81.86 per ton, or a month-to-month (mtm) decrease of 7.86 percent. Energy and Mineral Resources (ESDM) Ministry spokesperson Agung Pribadi said that East and West Asian countries, especially China and India, were currently limiting their Indonesian coal […]

JAKARTA — Citizens of countries participating in China’s Belt and Road Initiative, or BRI, strongly prefer clean energy over the coal projects that have become Beijing’s calling card, a new survey shows. The findings, from a multi-country survey, commissioned by environmental group E3G, were published ahead of an international forum hosted in Beijing for leaders […]

TOKYO, April 22 (Reuters) – A consortium of banks led by Japan Bank for International Cooperation (JBIC) approved a nearly $2-billion loan for a coal-fired power plant in Vietnam that critics said breached an international agreement on financing the dirtiest fossil fuel. The state-owned JBIC signed the loan agreement for $1.99 billion with private banks […]

[JAKARTA] An international team of environmental and financial experts claim in a report that contrary to declarations it made in 2013, the World Bank (WB) has been indirectly funding coal mining projects in Asia. According to the report, published this month (11 April),  the WB’s private-sector arm – the International Financial Corporation (IFC) – has […]

Opponents of coal-fired power stations have done a great disservice to the economy of Sabah, said Sabah Deputy Chief Minister Wilfred Madius Tangau. The state industrial development minister said those who opposed the proposed coal-fired power station in Lahad Datu years ago were now coming to see him to propose a similar power generation project […]

Singapore’s OCBC Bank is the first banking giant in Southeast Asia to rule out financing new coal-fired power plants. In an interview with Bloomberg on Wednesday, the bank’s chief executive Samuel Tsien said the company would no longer fund new coal-fired power plants in any country. “We hope that by doing this, we are encouraging […]