The Adaro Blog

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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Indonesia reviewing rules mandating coal sales to local buyers: official
December 2, 2019, 8:15 pm
JAKARTA (Reuters) - Indonesia is reviewing rules that require coal miners to sell a portion of their coal to local buyers, a government official said on Monday, as suppliers struggle to meet the regulation. Coal miners are currently required to sell 25% of their output to the local market,...
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Japan's promotion of coal-fired power plants spurred U.N. to reject Abe's request to address September climate summit
November 29, 2019, 6:06 pm
The United Nations rejected Prime Minister Shinzo Abe’s request to speak at its climate summit last September, government sources said Thursday, apparently due to the government’s promotion of coal-fired power plants. Abe had wanted to brief participants at the U.N. Climate Action...
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US coal-fired power generation falls 11.2% on year to 85.9 TWh in September
November 27, 2019, 6:02 pm
US coal-fired power generation totaled 85.9 TWh in September, down 8.8% from August, US Energy Information Administration data showed Tuesday. From the year-ago month coal generation was down 11.2%, the smallest drop year on year in seven weeks. From the five-year average of about 110 TWh...
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Report: Global Coal-Fired Generation Down 3%
November 26, 2019, 7:30 pm
A report from a UK-based online journal that covers climate and energy policy said that coal-fired power generation worldwide will fall by 3% this year, to about 54% of global electricity output. The report from Carbon Brief, released Nov. 25, was written by researchers from climate research...
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Coal power set for record fall in 2019: analysis
November 25, 2019, 7:00 pm
Global coal-fired power, a key driver of climate change, is set to fall a record 3.0 percent this year, largely led by developed countries although much-criticised China and India play their part too, analysis showed Monday. This "historic" drop would be equal to 300 Terawatt hours...
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