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AsiaElec covers utility-scale power developments and policy across all main industry sectors, including coal and gas-fired thermal power, nuclear, renewables, hydro, combined heat and power (CHP), transmission, grid and storage. It also covers the closely interlinked coal-mining sector.
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MMC signs financing deal with other miners for containerised coal shipments terminal by Mongolian-Chinese border
SEB’s latest Green Bonds Report has placed a price of $4 trillion per year on the energy transition if the world is to reach net zero by 2050.
China’s promise to abandon financing coal projects overseas could affect a total of 44 coal plants across Asia and Africa with a combined 42,220 MW of capacity.
Japan’s Tokio Marine Holdings has become the first Japanese insurer to halt its support for new coal projects.
Hong Kong’s CLP Group is to close its fleet of coal-fired power plants across the world gradually by 2040, 10 years earlier than previously planned.
The Indian Coal Ministry is to re-auction 11 coal mines after it received little interest in its previous bid round in August.
Russia power exporter InterRAO said it could raise electricity exports to China after Beijing asked it to increase supplies in a bid to fill the current power deficit in northern China.
The closure of coal fired-plants located close to urban centres across the developing world in line with the 1.5 degree climate targets would prevent hundreds of thousands of deaths and drastically cut the economic fallout of air pollution.
Global hydro capacity needs to double by 2050 if water-based power is to make a meaningful contribution in the race to net zero, IRENA director-general Francesco La Camera has warned
China, the world’s largest energy consumer and carbon emitter, needs to reduce its current emissions pledges by 20% by 2030 if it is to come good on its commitments to achieve carbon neutrality by 2060.
A group of 11 of Asia’s poorest countries have called on the world’s richest states to keep to their promise of $100bn per year in climate finance in order to protect some of the world’s most vulnerable countries from climate change.
The Global Wind Energy Council and the International Renewable Energy Agency have set a target of 380 GW of offshore wind installations by 2030, and 2,000 GW by 2050, in a bid to reach international net-zero targets by 2050.
State-run Coal India Ltd has reached a deal with Prabha Energy for the commercial extraction of coal-bed methane (CBM) from one of its one blocks.
South Korea has blamed rising LNG, coal and oil prices for its decision to raise retail power prices by KRW3 ($0.0025) per kWh from October, its first such increase since 2013.
Investment in new coal-fired power plants has proved to be strong in countries with low access-to-power rates, a recent report from the Climate Policy Initiative (CPI) and SEforALL warned.
Chinese investment in Africa rose to $2.96bn in 2020, despite the impact of global pandemic on economies.
China’s hydrogen industry has urged the government to set a target of 100 GW of green hydrogen electrolyser capacity by 2030.
The AIIB and IRENA have signed a memorandum of understanding committing to work together to support Asia’s energy transition and mobilise more private capital for renewable energy.
Bloomberg Philanthropies and Goldman Sachs have launched a $25mn Climate Innovation Fund to support sustainable low-carbon economic development in South and Southeast Asia.
China is to abandon financial support for the construction of new coal-fired power plants abroad as part of Beijing’s wider plans to reach net-zero emissions by 2060.