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EPIRA amendments urged to allow government role in power auctions
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More foreign investments in RE projects expected - BusinessWorld Online
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BusinessWorld
May 23, 2021 | 6:22 pm
REUTERS
GOVERNMENTS must consider all available technologies, including advances in âclean coal,â in their strategies for achieving net-zero emissions, a UK-based coal industry group said last week.
âOur focus has to be on… deploying the best-available clean technologies, whatever they might be, including clean coal technologies, so that they can actually play their part in (reaching) our overall global community goal of net zero,â World Coal Association (WCA) Chief Executive Officer Michelle M. Manook told
BusinessWorld in a video call on May 17.
âIt shouldnât be that we dismiss coal outright. We need to look at coal in terms of, how it can actually position itself for the next generation of clean, efficient plants,â she added.
ADB declares coal exit in Asia Pacific, but gas remains in play
by Imelda Abano on 11 May 2021
The Asian Development Bank (ADB) plans to exit financing coal, oil and natural gas exploration and extraction activities, according to its draft energy policy released May 7.
The bank says it also intends to deliver climate finance worth $80 billion between 2019 and 2030 to ensure that at least 75% of its projects address climate change issues.
While green groups have welcomed the transition, they note that the draft energy policy has a loophole by potentially allowing fossil gas investments.
ADB is set to release its final energy policy by October this year.
Asian Development Bank to end coal, upstream oil and gas financing - draft statement (.)If the Bank will consider fossil gas as a bridge and transition fuel, it needs to stipulate an end, he added. Set up in the early 1960s and headquartered in Manila, the ADB has channelled $42.5 billion into the energy sector across the region between 2009 and 2019, it said on its website.Reuters | Updated: 10-05-2021 06:22 IST | Created: 10-05-2021 06:22 IST
The Asian Development Bank will no longer finance coal mining or oil and natural gas production and exploration, it announced in a draft policy statement on Friday, a move welcomed by environmental groups, which said it was a decade overdue. The multilateral development bank, which focuses on eradicating poverty in Asia, provided no timeline for its commitment. It also laid out conditions under which fossil fuel projects would continue to receive funding, such as where no other cost-effective technology was available.
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