Asian Development Bank coal financing

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NextGen CDR signs agreement with Alt Carbon for the purchase of carbon sequestration credits in India, marking its first operation outside Europe and the United States.
NextGen CDR signs agreement with Alt Carbon for the purchase of carbon sequestration credits in India, marking its first operation outside Europe and the United States.
In the heart of Donbass, Ukrainian miners continue to extract essential coal despite bombings. Their work, a true energy front, is crucial to maintaining Ukraine's electricity supply during wartime.
In the heart of Donbass, Ukrainian miners continue to extract essential coal despite bombings. Their work, a true energy front, is crucial to maintaining Ukraine's electricity supply during wartime.
French Banks Continue Investing in Coal through 2023
French Banks Continue Investing in Coal through 2023
In September 2024, China imported a record volume of coal, driven by the decline in international prices and growing domestic demand, particularly in electricity production and the chemical industry.
In September 2024, China imported a record volume of coal, driven by the decline in international prices and growing domestic demand, particularly in electricity production and the chemical industry.
The joint venture HVO, comprising Yancoal and Glencore, is seeking a temporary extension for its two main coal mines in New South Wales amidst concerns over greenhouse gas emissions.
The joint venture HVO, comprising Yancoal and Glencore, is seeking a temporary extension for its two main coal mines in New South Wales amidst concerns over greenhouse gas emissions.
The closure of the Komati coal plant, intended to become a flagship of the energy transition, has revealed the major challenges South Africa must overcome to achieve its decarbonation goals, particularly in terms of job reallocation and infrastructure.
The closure of the Komati coal plant, intended to become a flagship of the energy transition, has revealed the major challenges South Africa must overcome to achieve its decarbonation goals, particularly in terms of job reallocation and infrastructure.
The consecutive decrease in coal-based electricity production in India in September 2024 reflects a major energy transition, supported by rapid growth in renewable energy and a reduction in energy demand.
The consecutive decrease in coal-based electricity production in India in September 2024 reflects a major energy transition, supported by rapid growth in renewable energy and a reduction in energy demand.
A report by the Transition Pathway Initiative (TPI) reveals that the majority of major banks continue to finance coal-related activities, thereby undermining their commitments to reduce greenhouse gas emissions.
A report by the Transition Pathway Initiative (TPI) reveals that the majority of major banks continue to finance coal-related activities, thereby undermining their commitments to reduce greenhouse gas emissions.
Russia intensifies its coal sales to India to meet growing energy demand, despite Western sanctions impacting its other energy exports.
Russia intensifies its coal sales to India to meet growing energy demand, despite Western sanctions impacting its other energy exports.
The dockworkers' strike on the U.S. East and Gulf Coasts, which began on October 1st, has not significantly raised thermal coal prices, despite logistical disruptions. This situation is mainly due to an existing oversupply and weak global demand. Key importers, such as India, are reducing their dependence on U.S. coal in favor of cheaper domestic alternatives like petroleum coke. According to the latest assessment by S&P Global Commodity Insights, the existing oversupply continues to weigh heavily on U.S. coal prices, limiting the potential impact of the strike.
The dockworkers' strike on the U.S. East and Gulf Coasts, which began on October 1st, has not significantly raised thermal coal prices, despite logistical disruptions. This situation is mainly due to an existing oversupply and weak global demand. Key importers, such as India, are reducing their dependence on U.S. coal in favor of cheaper domestic alternatives like petroleum coke. According to the latest assessment by S&P Global Commodity Insights, the existing oversupply continues to weigh heavily on U.S. coal prices, limiting the potential impact of the strike.
The closure of the UK's last coal-fired power plant marks a major shift in the country's energy strategy, aiming for carbon neutrality by 2050. The UK thus becomes the first G7 member to eliminate this energy source.
The closure of the UK's last coal-fired power plant marks a major shift in the country's energy strategy, aiming for carbon neutrality by 2050. The UK thus becomes the first G7 member to eliminate this energy source.
The Australian government is extending the operation of three coal mines, raising questions within the energy sector about the impact of this decision on climate commitments and the transition to renewable energies.
The Australian government is extending the operation of three coal mines, raising questions within the energy sector about the impact of this decision on climate commitments and the transition to renewable energies.
EDF abandons plans to convert the Cordemais power plant. Electricity production will cease in 2027, with major repercussions for employment and the region's energy balance.
EDF abandons plans to convert the Cordemais power plant. Electricity production will cease in 2027, with major repercussions for employment and the region's energy balance.
The thermal coal derivatives market rose by 4% in August, supported by volatile prices, mainly in Europe. Volumes reached 32.3 million metric tons, according to data from the London Energy Brokers Association (LEBA).
The thermal coal derivatives market rose by 4% in August, supported by volatile prices, mainly in Europe. Volumes reached 32.3 million metric tons, according to data from the London Energy Brokers Association (LEBA).
Enea, awaiting clarification on its coal assets and regulatory framework, postpones its dividend policy. The company expects to develop its renewable capacities rapidly, subject to secure financing.
Enea, awaiting clarification on its coal assets and regulatory framework, postpones its dividend policy. The company expects to develop its renewable capacities rapidly, subject to secure financing.
India is at a critical juncture, faced with growing energy demand and ambitious climate commitments. Increasing coal production is raising major concerns about methane emissions, threatening the country's environmental goals.
India is at a critical juncture, faced with growing energy demand and ambitious climate commitments. Increasing coal production is raising major concerns about methane emissions, threatening the country's environmental goals.
South-East Asia, with countries such as Vietnam and the Philippines, should see its coal imports grow, while Chinese demand stabilizes.
South-East Asia, with countries such as Vietnam and the Philippines, should see its coal imports grow, while Chinese demand stabilizes.
The Polish government is drawing up a model for transferring the coal assets of state-owned enterprises, with the aim of finalizing it in less than a year to allay investors' fears and adapt to new financial constraints.
The Polish government is drawing up a model for transferring the coal assets of state-owned enterprises, with the aim of finalizing it in less than a year to allay investors' fears and adapt to new financial constraints.
Russia extends export duty exemption for thermal coal until December. Despite this measure, logistical restrictions and sanctions continue to hold back global demand.
Russia extends export duty exemption for thermal coal until December. Despite this measure, logistical restrictions and sanctions continue to hold back global demand.
Ørsted stopped using coal for good with the closure of its Esbjerg power plant on August 31, completing its shift away from fossil fuels and towards renewable energies.
Ørsted stopped using coal for good with the closure of its Esbjerg power plant on August 31, completing its shift away from fossil fuels and towards renewable energies.
India is developing 38 rail projects to optimize coal logistics, reduce costs and guarantee a stable supply to power and industrial plants.
India is developing 38 rail projects to optimize coal logistics, reduce costs and guarantee a stable supply to power and industrial plants.
India aims to eliminate thermal coal imports by 2025-26. Challenges related to the quality of domestic coal and technical constraints could, however, put the brakes on this ambition.
India aims to eliminate thermal coal imports by 2025-26. Challenges related to the quality of domestic coal and technical constraints could, however, put the brakes on this ambition.
Russian exports of thermal coal have risen sharply, boosted by strong demand in the Asia-Pacific and Mediterranean regions, as well as a temporary reduction in export tariffs.
Russian exports of thermal coal have risen sharply, boosted by strong demand in the Asia-Pacific and Mediterranean regions, as well as a temporary reduction in export tariffs.
Glencore decided to retain its coal activities, despite shareholder and environmental pressure, while leaving the door open to a possible demerger in the future.
Glencore decided to retain its coal activities, despite shareholder and environmental pressure, while leaving the door open to a possible demerger in the future.
A study reveals that mining companies in Indonesia ignore methane emissions, exacerbating their environmental impact.
A study reveals that mining companies in Indonesia ignore methane emissions, exacerbating their environmental impact.
Thermal coal exports from Russia to South Korea exceeded those from Colombia in July, thanks to lower freight costs and weather disruptions in Colombia.
Thermal coal exports from Russia to South Korea exceeded those from Colombia in July, thanks to lower freight costs and weather disruptions in Colombia.

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