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Banks bet big on coal in Indonesia
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Banks bet big on coal in Indonesia, bucking global shift away from fossil fuel

Loans from banks and leasing firms to coal-mining companies in Indonesia are increasing on the back of soaring global coal prices.

G7 nations vow to phase out international financing for coal projects

G7 nations vow to phase out international financing for coal projects

With the United States again pushing for robust climate action, the countries also agreed to adopt emissions-cutting targets that would meet the most ambitious aims of the Paris climate accord.

Asian Development Bank scraps coal
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Asian Development Bank declares coal exit in Asia Pacific, but gas remains in play

As the climate crisis bites, the Asian Development Bank (ADB) has unveiled its ambitious plan to scrap funding for coal mining and power plants, and ban support for oil and natural gas field exploration or extraction activities in the Asia-Pacific region.

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