coal phaseout

Strategic shift towards renewables and LNG amidst environmental concerns.

Amongst criteria listed is that CFPPs must be phased out by 2040.

The updated ASEAN Taxonomy calls for a significant regional shift to cleaner energy that benefits the future, but comes with daunting challenges.

The G7’s push for faster decarbonisation includes ending subsidies for coal power, and supporting cleaner energy technologies.

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

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

Asia is the only region that will post growth in coal generation.

SG's membership in the PPCA reflects its efforts to phase out unabated coal.

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

BPI aims to stop lending 45% of coal-fired powered projects.

Almost 1,500 MW of wind and solar are now in operation, along with 655 MW of solar that secured financing.

China looked increasingly isolated as other nations and financial institutions continue to withdraw from coal. 

This puts the Paris Agreement carbon target at risk.

The government is planning to convert most of the region’s energy into hydropower.

2041 may see the last coal job in NSW sputter out.