Tuesday, 03 Aug 2021 08:15 AM MYT The group plans to create public-private partnerships to buy out the plants and wind them down within 15 years. — AFP pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. MELBOURNE, Aug 3 ― Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said. The novel proposal, which includes the Asian Development Bank (ADB), offers a potentially workable model and early talks with Asian governments and multilateral banks are promising, the sources told Reuters.