sustainable finance

Carbon market players to focus on driving up demand of credits in 2026: CIX

Carbon exchange Climate Impact X CEO notes the importance of building confidence in the procurement of carbon credits

EDP Renewables will concentrate on growing its projects in Australia, Japan and Singapore.

Capital allocation in Asia remains the same despite EDP Renewables exiting several markets

The renewables energy company says it will invest up to US$2 billion in the region by 2030

Coal consumption growth in South-east Asia will lead the world until 2030, says the International Energy Agency.
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

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

The capital injection from OCBC’s investment arm is part of the bank’s sustainability investment programme, which seeks to directly invest in green and transition assets.

OCBC invests in low-carbon steel in Malaysia’s Sabah

The investment is for the development of a hot briquetted iron plant, which will be part of South-east Asia’s largest integrated low-carbon steel plant

International investors’ interest in green, social and sustainability bonds in South-east Asia is expected to remain robust.

South-east Asia’s ESG bond proceeds rebound with 73% jump in Q3 2025

Issuance of environmental, social and governance loans rise 33.3% to US$14.8 billion over the same period

The Suralaya coal-fired power plant in Cilegon, Banten in Indonesia;  the report has found that coal-fired power plants account for the largest share of both current and projected losses.

Asian utility companies to face climate-driven losses of US$8.4 billion by 2050: report

A report by the Asia Investor Group on Climate Change and MSCI notes that failure to adapt will increase operational costs and fixed asset losses

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

Singapore and Indonesia use different criteria for financing the early retirement of coal plants.
ESG INSIGHTS

Issue 172: Asean Taxonomy’s unfinished business; data centres encroach on palm oil

This week in ESG: Asean launches complete version of sustainable finance criteria; Malaysian plantations to build green data centres