In a lawsuit, Jakarta residents will argue policymakers have failed to tackle air pollution, hoping to force the government to move away from coal power and into renewables.
SHANGHAI (Reuters) - Chinese regulators are close to releasing new “green bond” standards that would exclude polluting fossil fuel projects from corporate financing channels designed to lift environmental standards, people familiar with the matter told Reuters.
As China the world’s second-largest economy stepped up its fight against smog, its environment minister, Li Ganjie, said China expanded its coal-to-gas and coal-to-electricity projects to 35 cities in 2018 from 12 cities the previous year.
Use of coal increased again in 2018, raising questions about the green energy transition, reports Feng Hao and Tom Baxter
UPDATED FRIDAY FEB 22: In another seeming blow for Australia’s coal industry an official of China’s Dalian Port Group has told Reuters Newsagency that customs at the northern port has banned imports of Australian coal and will cap overall coal imports for 2019 through its harbours at 12 million tonnes.
Activist investors, pushing carbon intensive companies to develop more ambitious climate strategies have scored a major victory as Australia’s largest coal miner Glencore has succumbed to shareholder pressure to take action to address climate change, and announced it will cap its global coal output.
As part of her mission to put greenhouse gas emissions on a downward path by 2020, Christiana Figueres pushes for renewables to electrify one of the most coal-dependent countries in Southeast Asia.