Japan to fund coal plant shutdowns in Southeast Asia

Japan to fund coal plant shutdowns in Southeast Asia

Japan’s Mizuho Financial Group will provide financing to help close coal power plants ahead of schedule in Southeast Asia.
German emissions at 70-year low as coal use drops

German emissions at 70-year low as coal use drops

German emissions were at their lowest point in around 70 years as Europe's largest economy managed to reduce its dependence on coal faster than expected, a study published Thursday showed.
MoIT steadfast in aim to ensure coal switch

MoIT steadfast in aim to ensure coal switch

The Ministry of Industry and Trade will wield an iron fist on delayed build-operate-transfer projects, giving a chance instead to ventures that switch from coal.
Coal supply moves shoring up generation of power

Coal supply moves shoring up generation of power

As Vietnam faces the prospect of a coal shortage and the challenges of securing supply, more actions are needed to ensure a long-term coal supply for power generation.
Coal still with part to play in energy mix

Coal still with part to play in energy mix

In light of the possibility of electricity scarcity, Vietnam is aware of the continuing usefulness of coal as an energy resource, according to industry insiders.
New version of ASEAN taxonomy hoped to help with coal phase-out

New version of ASEAN taxonomy hoped to help with coal phase-out

The Association of Southeast Asian Nations (ASEAN) has recently launched the second version of its taxonomy for sustainable finance, expected to help the region unlock financing for coal phase-outs.
Coal groups contend with new era

Coal groups contend with new era

Vietnam is being urged to demonstrate that economic development will not depend on the use of fossil fuels like coal.
New balance required in exploitation of fossil fuels

New balance required in exploitation of fossil fuels

With global challenges on climate change as well as international commitments on emission reduction, Vietnam will require a strategy to effectively use coal power and follow suit with its goals.
Vietnam to cut gas power capacity in electricity development plan

Vietnam to cut gas power capacity in electricity development plan

The Ministry of Industry and Trade (MoIT) has been told to finalise the National Power Development Plan VIII (PDP VIII) for 2021-2030 with a vision to 2045, focusing on reducing coal power plants.
Coal power balance back on the agenda

Coal power balance back on the agenda

Following global tensions and heatwaves in its metropolises, Vietnam is becoming more ravenous for energy by the day, demanding not just sufficient but also sustainable solutions against the backdrop of its zero emissions targets.
Ensuring energy security vital during coal upheaval

Ensuring energy security vital during coal upheaval

As Indonesia unexpectedly decided to ban coal exports for the month, Vietnam’s power generators fear fuel shortages. VIR’s Van Nguyen spoke with Assoc. Prof. Dr. Nguyen Canh Nam from the Vietnam Energy Association about the ban and how it will affect the nation’s power supply.
Finance and capacity lead energy transition dilemma

Finance and capacity lead energy transition dilemma

The Vietnamese government is calculating an additional plan for the development of power sources in the country, considering the contingency and reduction of coal power sources following the COP26 climate summit.
KEPCO to join coal power plant project in Vietnam

KEPCO to join coal power plant project in Vietnam

KEPCO has decided to take part in a coal-fired power plant project in Vietnam, despite growing criticism from global investors and overseas environmental group.
Japanese giant Sumitomo Mitsui Financial Group halts lending to new coal-fired power plants

Japanese giant Sumitomo Mitsui Financial Group halts lending to new coal-fired power plants

Sumitomo Mitsui Financial Group (SMFG) – one of Japanese largest megabanks – announced it would halt lending to new coal-fired power plants from May 1, 2020.
Japanese bank Mizuho to stop lending to coal power plants

Japanese bank Mizuho to stop lending to coal power plants

Japanese financial giant Mizuho Financial Group has approved a shareholder resolution to stop investing and lending to new coal power projects.