Asia coal-fired plants

Amidst the challenges of eliminating coal in the region’s energy mix, ASEAN Taxonomy Board paves way for sustainable financing for phase-out.

This comes as demand for coal-based power remains high.

The market plans to add 76GW of solar and wind power by 2025. 

Around 30 projects currently in the planning stage may be withdrawn.

The company announced it will stop providing reinsurance to new coal mining or power plants.

The increase in coal output in some Asian markets may be short-term.

This will lead to a “very expensive” power, the IEEFA said.

It has produced 315.7MT of coal in the first half of 2022.

Solar and wind power are not reliable enough to meet Southeast Asia’s issue on power demand, Enlit Asia’s invitees said.

India and China are amongst the markets that have increased coal production for energy security.

The government will impose a 28% rate when the coal benchmark price goes over $100/tonne.

The combined cash balance amounted to $6.8b in the first quarter. 

Coal will continue to dominate the region’s power mix through 2027.

Producers are only meeting 60% to 65% of annual demand.

Vietnam should craft incentives to carry out cost-competitive renewables, argues IEEFA.

The scheme targets Indonesia, the Philippines, and Vietnam for its initial phase.