ESG

ESG INSIGHTS

Issue 176: Indonesia’s U-turn on coal phase-out; climate scenarios caught in paper retraction

This week in ESG: Cancellation of coal plant’s early retirement jeopardises multilateral programme; Retracted study used to model climate damage by central banks

While the 2023 data indicated a downward trend, NCCS cautioned that emissions may fluctuate in the coming years based on economic conditions and the pace of mitigation efforts.

Singapore’s 2023 greenhouse gas emissions fall 5.3% as industrial output declines

Industry and power sectors remain the largest contributors to the nation’s carbon footprint

Machinery transferring coal at a port in southwestern China. Demand in the country is expected to fall slightly by 2030 as renewable capacity increases.

Global coal demand hits record high this year but is set to decline by 2030: IEA

It is forecast to rise 0.5% in 2025 to a record 8.85 billion tonnes

Before retraction, a Potsdam Institute paper estimated unchecked climate change could cut global output by about 62% this century.

Global central banks to issue new climate scenarios after earlier model controversy

The group including the ECB and PBOC has been pulled into an academic error after a climate study was withdrawn

STRAIGHT TO YOUR INBOX

Fridays: Latest environmental, social & governance issues.

Indonesia’s state-owned utility company PLN cites extremely high costs as the reason behind its decision to scrap Cirebon-1’s early shutdown.

Investor interest in Indonesia’s energy transition may suffer after first coal phase-out project scrapped

The policy U-turn contradicts the country’s own commitments, says a think tank

Clean-energy stocks are among this year’s best performers across regions, with some players' gains exceeding the rally in US tech heavyweights.

Green stocks are big winners as tech boom drives energy demand

Lower interest rates have also improved the outlook for debt-heavy clean-power counters

Alinta’s indirect emissions exceed Sembcorp’s mostly due to contracted power purchased from a coal plant.
ESG INSIGHTS

Issue 175: Sembcorp courts still-brown Alinta; Asia can’t let coal go

This week in ESG: Sembcorp to buy Australian utility A$6.5 billion; coal phase-out fizzling out in Asia

Singapore's first electric vessel charging station at Toll Offshore Petroleum Services.

Toll Group launches first electric decarbonisation hub in Singapore

The initiative is expected to cut emissions by up to 80% per trip by vessels

Sembcorp says the move will add meaningful scale and diversification to its portfolio.
BROKERS’ TAKE

Sembcorp’s Alinta Energy buy: One step forward on earnings, two steps back on emissions?

Sembcorp says the acquisition is driven by Alinta’s renewables pivot, not its Loy Yang B coal-fired power station

Trixy Elle, a plaintiff from a fishing community, said that the lawsuit was about getting justice.

Filipino typhoon survivors sue Shell over climate change

Typhoon Rai struck in December 2021, killing over 400 people and leaving hundreds of thousands homeless