The Adaro Blog

Standard Chartered Exits Three SE Asia Coal Plants Worth Estimated £5.4 Billion
December 18, 2019, 6:34 pm
SINGAPORE — Standard Chartered has pulled financing for three coal-fired power plants in Southeast Asia amid a global push to cut greenhouse gas emissions, throwing into doubt projects worth an estimated $7 billion (£5.4 billion) and piling pressure on the coal industry. Banks and...
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World demand for coal falls despite growth in Asia
December 17, 2019, 7:35 pm
Global demand for coal has fallen this year for the first time in two years as Europe and the US turn their backs on coal-fired power plants in favour of cheap gas and renewable energy. A report from the International Energy Agency (IEA) found that the world’s appetite for coal declined in...
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Moody’s sees negative 2020 US thermal coal outlook on smaller stack share, lower exports
December 16, 2019, 7:04 pm
Moody’s Investors Service said Friday it retained a negative outlook on US thermal coal markets in 2020 based on stiffer competition in the generation stack from natural gas and renewables, in addition to low export expectations given the US’ role as a swing producer. Economic,...
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Kementerian ESDM targetkan DMO batubara tahun 2020 sebanyak 155 juta ton
December 13, 2019, 5:20 pm
Pemerintah melalui Kementerian Energi dan Sumber Daya Mineral (ESDM) memasang target kuota volume domestic market obligation (DMO) batubara sebesar 155 juta ton pada tahun 2020 mendatang. Jumlah tersebut meningkat dibandingkan dengan rencana DMO di tahun ini sebesar 128 juta ton. Kasubdit...
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Australia energy market operator turns Scrooge on coal lobby
December 12, 2019, 6:55 pm
LAUNCESTON, Australia (Reuters) - Australia, which vies with Indonesia for the title of the world’s largest coal exporter, is planning for an electricity future where use of the polluting fuel dwindles and is rapidly replaced by renewable energy sources. The Australian Energy Market...
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Credit Suisse to stop financing new coal-fired power plants
December 11, 2019, 5:20 pm
ZURICH — Credit Suisse will stop financing the development of new coal-fired power plants, Switzerland’s second-biggest bank said, a week after environmental groups urged it to act. “The bank has decided to no longer provide any form of financing specifically related to the...
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Bearish US thermal coal export market driven by unsupportive pricing: Platts Analytics
December 9, 2019, 7:43 pm
Houston — Expectations for US thermal coal exports are bearish, with further declines forecast, Platts Analytics said in a report Monday. "Exports of Illinois Basin coal from the US Gulf Coast and Northern Appalachian coal exports through Baltimore have both slowed considerably from...
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ANZ to shed more than $700m in loans to thermal coal projects by 2024, leaked document reveals
December 6, 2019, 7:57 pm
It will shed more than $700 million of thermal coal loans by 2024 — a reduction of 75 per cent — an internal email from July shows. The bank is also on the look out for opportunities to "accelerate this timetable" to cut lending to the fossil fuel sector even faster. The...
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HSBC, StanChart Help Keep Coal Industry Alive, Says Greenpeace
December 5, 2019, 8:00 pm
(Bloomberg) -- Four British banks have provided $31.8 billion of financing to coal companies in the past three years, even as they publicly moved away from doing business with some of the fossil-fuel industry, according to Greenpeace. The environmental group said Barclays Plc, HSBC Holdings Plc,...
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3 S. Korean institutional investors declare end to coal exposure
December 3, 2019, 7:07 pm
Three South Korean institutional investors on Dec. 3 declared an end to coal exposure in their portfolios. This comes in line with the global push for responsible investment principles, such as environmental, social and governance criteria. DB Insurance, the Korea Teachers’ Credit Union...
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