Australia’s conservative Liberal-National government has rejected the Intergovernmental Panel on Climate Change (IPCC) report’s call to phase out coal power by 2050, claiming renewable energy cannot replace base-load coal power.
As the Philippines’ banks continue to finance coal-fired power plants, a surplus of coal plants could turn them into bad investments—and the subsequent burden of high electricity costs could be passed on to consumers.
The country’s major banks have rolled out new policies limiting coal project financing, but a new report shows that Japanese financial institutions are still driving coal development domestically and internationally.
Australia does not need to quit the Paris climate agreement because our commitments are non-binding, and new coal plants can continue to be constructed, according to the resources minister, Matt Canavan.
JAKARTA — A far-reaching corruption scandal centered on a proposed power plant in Indonesia has cast a shadow over the country’s risky reliance on coal as a supposedly cheap source of energy.
Pakistan has responded to its energy crisis largely through coal, and the new government can do little to change that, especially because coal-fired power plants are being set up by China.
Residents say the expansion will lead to increased air and water pollution, damage crops, and have a negative impact on wildlife.
Experts are calling for the government to return to cutting capacity after policy reversal, reports Feng Hao
In an open letter, a coalition of 16 local NGOs has called on Singapore’s powerful banks to cease financing coal power, saying it impacts the health of local communities and undermines the country’s commitments to the Paris Agreement.