keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events

WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Saturday, 25 September 21
IEEFAImplementation challenges could block funding for other equally important high impact clean energy funding strategies
In the lead up to the United Nations Climate Change Conference COP26, the Asian Development Bank (ADB) announced a plan to speed up the retirement of high emissions coal-fired power plants in Southeast Asia. This announcement sets the stage for a transformation of the Asian multilateral development bank’s (MDB) role in guiding power infrastructure development in the region, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
With British insurer Prudential and other financial firms, ADB’s ambitious plan is to build public-private funding vehicles to buy coal-fired power plants and retire them within 15 years to allow countries time to switch to renewable energy.
“COP26 is driving a new round of policy work by the MDB’s, and ADB is working hard to have a compelling solution on the table for donor nations to support,” says report co-author Melissa Brown.
“The ADB has an important role to play because donor nations have struggled to find fundable transition initiatives in Southeast Asia’s strategically important energy growth markets, including the Philippines, Vietnam, Indonesia, and in South Asia, Bangladesh.”
The ADB proposes an energy transition mechanism (ETM) focused on coal retirement. The ETM has the potential to be an innovative effort to match new sources of blended finance with high priority steps that Southeast Asian countries could take to decarbonize.
“ADB’s ETM program will inevitably be assessed based on its ability to build on new financial market trends and accelerate the reduction and elimination of climate risks for the stakeholders they serve,” says Brown.
“To meet these expectations and have a catalytic impact, the projects undertaken should also meet the highest standards of market governance and align with credible international coal phase-out goals.
“The stakes are high for all concerned, because implementation challenges could rob the ADB of credibility and block funding for other equally important high impact clean energy funding strategies.”
In April, ADB launched a USD4.05 million technical assistance program (TA) to accelerate the clean energy transition in Southeast Asia. The TA signaled a new pathway for ADB by candidly addressing the complexity of the region’s dependence on fossil fuels and the barriers to scaling up renewables.
“The element of the program that has captured the market’s attention is a proposal to develop a public-private funding vehicle that would finance early decommissioning for some of Southeast Asia’s most carbon-intensive fossil fuel power plants to kick-start transition and create more space for the scale-up of renewables,” says Brown.
The TA, along with the ETM, are signs of a potential sea change for the ADB. However, for this plan to attract meaningful donor and private sector funding, the market will have to be convinced that the ETM is a cost-effective catalyst that can rewire Southeast Asian power markets for clean energy – and do so within a meaningfully short timeframe.
To further analyse the prospects for this proposal, the ADB and regional stakeholders will need to think carefully about the details of the program and its ability to catalyse new funding flows that meet local needs. The following issues deserve careful attention:
Is the ADB well-positioned to provide the right technical inputs and stewardship for the ETM?
Can Southeast Asian markets meet the pre-conditions for success of an ETM: competitive pressure from stranding risk, transparent price discovery, and strong governance mechanism?
How will the ETM address the challenge of coal lock-in in Southeast Asia and the reliance on opaque power purchase agreements that have been a barrier to rapid transition?
Are there other market-based strategies that would more efficiently unlock blended capital?
Investors could be exposed to complex reputational risks via the ETM. Has the proposed program been stress-tested to address the challenges?
Based on IEEFA’s analysis of the goals of the ETM and the market realities, stakeholders should have a big role in guiding the ADB to a better understanding of what role an ETM might play in creating durable incentives for change.
“Power market decision-making typically sits with energy, power, or industry ministries that often have more loyalty to domestic energy interests and power companies than price-sensitive power consumers,” says Brown.
“Without a credible commitment to stakeholder governance, it could prove difficult to attract the support of donor countries and international asset owners who have every reason to be sensitive to reputational risks.”
Finding the right way to calibrate design decisions will be critical because the three Southeast Asian power markets that are the focus of the ETM are ill-suited to a one-size-fits-all funding solution. Local stakeholders may also prefer programs focused on new grid and storage innovations that can unlock more investment in renewables.
One critical issue will be how much money would be needed to position an ETM program for success.
Senior ADB officials have already signaled their intention to press partners at the upcoming COP26 meetings for commitments to the ETM facility.
“The funding needed to support the scale-up of this program is dramatically higher than existing ADB clean energy financing programs,” says report co-author Grant Hauber.
“Simply funding the buyout of the book value of one large coal-fired facility in the 1-gigawatt (GW) range would cost approximately USD1.0 billion if the backer’s generous assumption of USD1.0 to 1.8 million per megawatt were used.”
According to IEEFA’s analysis, if the goal was to use the ETM facility to support the early retirement of half of the coal fleet in Indonesia, the Philippines, and Vietnam, the total facility size could balloon to as much as USD30.0 to 55.0 billion.
This is significantly more than the ADB’s USD20.0 billion COVID-19 assistance package, or the USD1.7 billion of co-financing pledged for the ASEAN Catalytic Green Finance Facility.
“Considering the gap between current funding levels for the energy transition in Southeast Asia and the commitments needed to turn an ETM into a viable catalyst for decommissioning, stakeholders would be right to stress test any statements regarding the timing or funding levels for the ETM,” says Hauber.
“This is a market that needs credible market catalysts to accelerate the transition. Matching the expansive goals in the ADB’s USD4.05 million technical assistance (TA) program with efforts to mobilize tens of billions of dollars from a mix of donor nations and financial investors would be ambitious under any circumstances.
“It will naturally raise questions about how this process can be managed to ensure that other, potentially more cost-effective proposals are not crowded out.”

If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 19 October 21
The domestic sponge iron industry might report a negative growth in the ongoing December quarter “if the shortage of coal is allowed to conti ...

Tuesday, 19 October 21
The post-Covid economic recovery has led to a major increase in the demand for power, both in India and globally. In India, coal-based power plants ...

Saturday, 16 October 21
Recent increase in solar power installations could push coal to peak sooner than expected   If India keeps installing solar capacity a ...

Saturday, 16 October 21
U.S. coal sector is locked into a long-term sectoral decline Coal prices have surged to the highest level in years in the U.S., and have soare ...

Saturday, 16 October 21
Surging natural gas prices have led to a jump in coal use, with plants in Europe and Asia firing back up as temperatures decline and the world grap ...

   1 2 3 4 5   
Showing 6 to 10 news of total 6427
News by Category
Popular News
Total Members : 27,597
User ID
Remember Me
By logging on you accept our TERMS OF USE.
Forgot Password
Our Members Are From ...

  • Maharashtra Electricity Regulatory Commission - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • APGENCO India
  • HSBC - Hong Kong
  • Arch Coal - USA
  • Sindya Power Generating Company Private Ltd
  • WorleyParsons
  • Coastal Gujarat Power Limited - India
  • Idemitsu - Japan
  • UOB Asia (HK) Ltd
  • Cigading International Bulk Terminal - Indonesia
  • Core Mineral Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Barclays Capital - USA
  • EIA - United States
  • Semirara Mining and Power Corporation, Philippines
  • Infraline Energy - India
  • International Coal Ventures Pvt Ltd - India
  • Africa Commodities Group - South Africa
  • MS Steel International - UAE
  • The University of Queensland
  • SN Aboitiz Power Inc, Philippines
  • Malabar Cements Ltd - India
  • Ministry of Transport, Egypt
  • Anglo American - United Kingdom
  • Manunggal Multi Energi - Indonesia
  • Thermax Limited - India
  • Vitol - Bahrain
  • Semirara Mining Corp, Philippines
  • Madhucon Powers Ltd - India
  • Thomson Reuters GRC
  • Wilmar Investment Holdings
  • TeaM Sual Corporation - Philippines
  • PowerSource Philippines DevCo
  • Toyota Tsusho Corporation, Japan
  • Agrawal Coal Company - India
  • Eastern Energy - Thailand
  • Coalindo Energy - Indonesia
  • NALCO India
  • BRS Brokers - Singapore
  • Larsen & Toubro Limited - India
  • Noble Europe Ltd - UK
  • IOL Indonesia
  • Rudhra Energy - India
  • Coal and Oil Company - UAE
  • Petrochimia International Co. Ltd.- Taiwan
  • Chettinad Cement Corporation Ltd - India
  • Aboitiz Power Corporation - Philippines
  • Parliament of New Zealand
  • Heidelberg Cement - Germany
  • The Treasury - Australian Government
  • Kumho Petrochemical, South Korea
  • McKinsey & Co - India
  • Electricity Generating Authority of Thailand
  • Global Coal Blending Company Limited - Australia
  • Sucofindo - Indonesia
  • Adaro Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Riau Bara Harum - Indonesia
  • Freeport Indonesia
  • Cardiff University - UK
  • TRAFIGURA, South Korea
  • The India Cements Ltd
  • Australian Coal Association
  • Bhushan Steel Limited - India
  • Dalmia Cement Bharat India
  • RBS Sempra - UK
  • Glencore India Pvt. Ltd
  • Baramulti Group, Indonesia
  • Tanito Harum - Indonesia
  • VISA Power Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • CESC Limited - India
  • IBC Asia (S) Pte Ltd
  • Timah Investasi Mineral - Indoneisa
  • Price Waterhouse Coopers - Russia
  • World Coal - UK
  • GMR Energy Limited - India
  • Bangladesh Power Developement Board
  • PetroVietnam
  • Eastern Coal Council - USA
  • GB Group - China
  • NTPC Limited - India
  • Simpson Spence & Young - Indonesia
  • KOWEPO - South Korea
  • globalCOAL - UK
  • White Energy Company Limited
  • Malco - India
  • Jatenergy - Australia
  • London Commodity Brokers - England
  • Mercuria Energy - Indonesia
  • Sical Logistics Limited - India
  • Indonesia Power. PT
  • Mjunction Services Limited - India
  • Shenhua Group - China
  • Gresik Semen - Indonesia
  • GHCL Limited - India
  • TNPL - India
  • Bangkok Bank PCL
  • World Bank
  • Trasteel International SA, Italy
  • Siam City Cement PLC, Thailand
  • Banpu Public Company Limited - Thailand
  • Marubeni Corporation - India
  • Central Java Power - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • South Luzon Thermal Energy Corporation
  • Thriveni
  • AsiaOL BioFuels Corp., Philippines
  • IEA Clean Coal Centre - UK
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • CCIC - Indonesia
  • Orica Mining Services - Indonesia
  • Star Paper Mills Limited - India
  • GVK Power & Infra Limited - India
  • Britmindo - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Energy Link Ltd, New Zealand
  • Vale Mozambique
  • Indian Energy Exchange, India
  • Commonwealth Bank - Australia
  • Tata Power - India
  • Platou - Singapore
  • Berau Coal - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Makarim & Taira - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Thiess Contractors Indonesia
  • Fearnleys - India
  • Indian School of Mines
  • Coal Orbis AG
  • TANGEDCO India
  • Antam Resourcindo - Indonesia
  • PLN Batubara - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Meenaskhi Energy Private Limited - India
  • Vedanta Resources Plc - India
  • Shree Cement - India
  • Jorong Barutama Greston.PT - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Standard Chartered Bank - UAE
  • Permata Bank - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Deloitte Consulting - India
  • UBS Singapore
  • Qatrana Cement - Jordan
  • Bulk Trading Sa - Switzerland
  • Gujarat Mineral Development Corp Ltd - India
  • Georgia Ports Authority, United States
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Bhoruka Overseas - Indonesia
  • Ambuja Cements Ltd - India
  • Straits Asia Resources Limited - Singapore
  • SRK Consulting
  • Cemex - Philippines
  • Petrosea - Indonesia
  • Grasim Industreis Ltd - India
  • GN Power Mariveles Coal Plant, Philippines
  • Total Coal South Africa
  • India Bulls Power Limited - India
  • Carbofer General Trading SA - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Tata Chemicals Ltd - India
  • San Jose City I Power Corp, Philippines
  • U S Energy Resources
  • New Zealand Coal & Carbon
  • Altura Mining Limited, Indonesia
  • Inspectorate - India
  • SMG Consultants - Indonesia
  • Indian Oil Corporation Limited
  • Mercator Lines Limited - India
  • OPG Power Generation Pvt Ltd - India
  • Cement Manufacturers Association - India
  • Orica Australia Pty. Ltd.
  • Ministry of Finance - Indonesia
  • Ince & co LLP
  • Videocon Industries ltd - India
  • Xindia Steels Limited - India
  • Enel Italy
  • ING Bank NV - Singapore
  • Sakthi Sugars Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Uttam Galva Steels Limited - India
  • PLN - Indonesia
  • Coal India Limited
  • bp singapore
  • PTC India Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Mintek Dendrill Indonesia
  • Thailand Anthracite
  • Independent Power Producers Association of India
  • Power Finance Corporation Ltd., India
  • Indorama - Singapore
  • Port Waratah Coal Services - Australia
  • Indo Tambangraya Megah - Indonesia
  • ICICI Bank Limited - India
  • SUEK AG - Indonesia
  • The State Trading Corporation of India Ltd
  • Global Business Power Corporation, Philippines
  • IHS Mccloskey Coal Group - USA
  • Indonesian Coal Mining Association
  • Bukit Baiduri Energy - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Xstrata Coal
  • Indika Energy - Indonesia
  • Sojitz Corporation - Japan
  • Platts
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Vizag Seaport Private Limited - India
  • Kobe Steel Ltd - Japan
  • Moodys - Singapore
  • Tamil Nadu electricity Board
  • Savvy Resources Ltd - HongKong
  • Energy Development Corp, Philippines
  • IMC Shipping - Singapore
  • Maruti Cements - India
  • Attock Cement Pakistan Limited
  • Borneo Indobara - Indonesia
  • ASAPP Information Group - India
  • Lanco Infratech Ltd - India
  • Posco Energy - South Korea
  • Merrill Lynch Bank
  • Ind-Barath Power Infra Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Thai Mozambique Logistica
  • Oldendorff Carriers - Singapore
  • BNP Paribas - Singapore
  • Sinarmas Energy and Mining - Indonesia
  • Lafarge - France
  • Bhatia International Limited - India
  • Samsung - South Korea
  • Intertek Mineral Services - Indonesia
  • Metalloyd Limited - United Kingdom
  • J M Baxi & Co - India
  • Latin American Coal - Colombia
  • Bukit Makmur.PT - Indonesia
  • Medco Energi Mining Internasional
  • Neyveli Lignite Corporation Ltd, - India
  • Siam City Cement - Thailand
  • Deutsche Bank - India
  • Adani Power Ltd - India
  • Electricity Authority, New Zealand
  • Aditya Birla Group - India
  • Mitsubishi Corporation
  • CNBM International Corporation - China
  • Arutmin Indonesia
  • GNFC Limited - India
  • Inco-Indonesia
  • Bank of China, Malaysia
  • European Bulk Services B.V. - Netherlands
  • Miang Besar Coal Terminal - Indonesia
  • Jindal Steel & Power Ltd - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Wood Mackenzie - Singapore
  • Maersk Broker
  • Binh Thuan Hamico - Vietnam
  • Australian Commodity Traders Exchange
  • Economic Council, Georgia
  • Gupta Coal India Ltd
  • Asmin Koalindo Tuhup - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Samtan Co., Ltd - South Korea
  • McConnell Dowell - Australia
  • Asia Cement - Taiwan
  • Mechel - Russia
  • SGS (Thailand) Limited
  • Barasentosa Lestari - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Mitsui
  • ETA - Dubai
  • Sree Jayajothi Cements Limited - India
  • Pinang Coal Indonesia
  • ANZ Bank - Australia
  • Surastha Cement
  • LBH Netherlands Bv - Netherlands
  • Cosco
  • Bukit Asam (Persero) Tbk - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • CIMB Investment Bank - Malaysia
  • KPMG - USA
  • Asian Development Bank
  • DBS Bank - Singapore
  • Singapore Mercantile Exchange
  • Globalindo Alam Lestari - Indonesia
  • Gujarat Sidhee Cement - India
  • SASOL - South Africa
  • PNOC Exploration Corporation - Philippines
  • Clarksons - UK
  • Planning Commission, India
  • Kalimantan Lumbung Energi - Indonesia
  • Interocean Group of Companies - India
  • Billiton Holdings Pty Ltd - Australia
  • Parry Sugars Refinery, India
  • Iligan Light & Power Inc, Philippines
  • Formosa Plastics Group - Taiwan
  • Salva Resources Pvt Ltd - India
  • Geoservices-GeoAssay Lab
  • Runge Indonesia
  • Edison Trading Spa - Italy
  • Russian Coal LLC
  • Humpuss - Indonesia
  • Credit Suisse - India
  • Therma Luzon, Inc, Philippines
  • Mitra SK Pvt Ltd - India
  • Panama Canal Authority
  • Maybank - Singapore
  • OCBC - Singapore
  • Gujarat Electricity Regulatory Commission - India
  • Essar Steel Hazira Ltd - India
  • Coeclerici Indonesia
  • Ernst & Young Pvt. Ltd.
  • Petron Corporation, Philippines
  • Kaltim Prima Coal - Indonesia
  • Merrill Lynch Commodities Europe
  • Directorate Of Revenue Intelligence - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Reliance Power - India
  • JPower - Japan
  • KPCL - India
  • Indogreen Group - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Goldman Sachs - Singapore
  • Bayan Resources Tbk. - Indonesia
  • Rio Tinto Coal - Australia
  • ACC Limited - India
  • Sarangani Energy Corporation, Philippines
  • Bank of America
  • Bharathi Cement Corporation - India
  • Jaiprakash Power Ventures ltd
  • Romanian Commodities Exchange
  • EMO - The Netherlands
  • Japan Coal Energy Center
  • Minerals Council of Australia
  • Coaltrans Conferences
  • Cargill India Pvt Ltd
  • Central Electricity Authority - India
  • SMC Global Power, Philippines
  • Peabody Energy - USA
  • Argus Media - Singapore
  • Renaissance Capital - South Africa
  • JPMorgan - India
  • Chamber of Mines of South Africa
  • Cebu Energy, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Ministry of Mines - Canada
  • MEC Coal - Indonesia
  • CoalTek, United States
  • Meralco Power Generation, Philippines
  • KEPCO - South Korea