China has launched its long-awaited national carbon emissions trading scheme. Under the scheme, China’s power operators will have to buy emissions permits if their coal plant exceeds carbon intensity benchmarks.
South Korea’s Energy Ministry has announced that the country will increase the capacity of LNG-based power plants from 41.3 GW in 2020 to 59.1 GW in 2034, a rise of 43 per cent.
Bangladesh is looking at options to shift from coal-fired power plants to those operating on LNG, due to the high cost of new power plants.
Korea Electric Power Corporation (KEPCO) has officially announced that it will not build new coal-fired power generation projects abroad in the future.
India’s state-run power giant NTPC has announced that it has awarded contracts for installation of flue-gas desulphurisation (FGD) technologies for its 50 GW thermal power generation capacities, including the Dadri plant where the work is in advanced stages.
Japan’s biggest power producer Jera Co. Inc. plans to close all its inefficient coal-fired power generators in the country by 2030 as it works towards zero carbon emissions by 2050.
Vistra has announced that it will spend $1.15 billion on solar and storage projects in California and Texas, USA by 2022 and retire 6.8 GW of coal assets by 2027.
GE has announced that it intends to exit the new build coal power market, subject to applicable consultation requirements.
The South African cabinet has approved a goal to reduce greenhouse gas emissions to net zero by 2050, while still planning to build 1000 MW of new coal-fired capacity by 2030.
The Australian Government has announced its support for a new gas-fired power plant in Hunter Valley, New South Wales, to replace the ageing Liddell coal-fired power station.