Coal

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

Coal has been closely tied to the Communist Party’s history and to its efforts to transform China’s economy over the past decades.

China confronts the cost of dismantling the world’s biggest coal sector

Green industries have created more than seven million jobs and ultimately there will be net growth in employment from the energy transition

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

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

Almost 200 nations signed an agreement that avoided an explicit mention of transitioning away from fossil fuels, as developing countries argued for economic growth using all energy sources.

Coal’s grip on Asia strengthens as early phaseout bids stall

Governments keen to avoid outages are waving through coal plant approvals

Asia’s fleet of 2,000 coal plants is also decades younger than that of Europe and the US, and retiring it early requires financial support to end power-purchase agreements.

Tactics to dump coal are failing in Asia as energy demand booms

The region has struggled to wean itself off a fossil fuel that remains a cost-competitive source of stable power thanks to its abundance

Cirebon-1 in West Java had been due to be retired almost seven years early under an agreement between Indonesia’s government, the Asian Development Bank (ADB) and other partners.

Indonesia coal plant seen as flagship for fuel’s exit scraps early closure

[JAKARTA] A coal-fired power plant in Indonesia scheduled to close down early and act as a flagship for efforts to shift Asia’s economies away from the fossil fuel has scrapped proposals to shutter ah...

East Asia and South-east Asia are key regions with large pipelines of potential coal phase-out projects, a study finds.
ESG INSIGHTS

Issue 173: Coal confronts imperfect pathways; COP30 leaves world wanting more

This week in ESG: Coal Transition Commission tackles scaling solutions; COP30 wraps up with adaptation target

Within Asean, coal plants assessed to have the most opportunities for early shutdown are those operating in liberalised electricity markets or are owned by independent power producers.

COP30: About one-third of world’s coal fleet shows ‘significant’ opportunity for early shutdown, says report

Coal Transition Commission notes that 80% of this capacity are young to middle-aged assets which offer potential for significant emissions reductions

Executive chairman and CEO Charles Antonny Melati notes that Geo Energy Resources has exceeded its full-year production target.

Geo Energy Q3 net profit falls 55% to US$3.2 million due to lower coal prices

This is despite higher revenue, which is up 62% at US$136.6 million