Indonesia has launched the first phase of mandatory carbon trading for coal-fired power plants, part of the country’s plan to achieve net zero emissions by 2060.
Enel has agreed to sell its stake in two thermal power generation plants in Argentina to Central Puerto for $102 million.
The Pakistan Government has announced that it plans to quadruple its domestic coal-fired capacity to reduce power generation costs and that it will not build new gas-fired plants in the coming years to transition away from coal.
The Tennessee Valley Authority (TVA) has announced that it will replace its Cumberland coal-fired power plant with a natural gas facility, despite the objections of environmental groups.
In its efforts to adopt advanced powering technology to decarbonise power generation in India, NTPC, the country’s largest power generating utility, signed an MOU with GE Power India to demonstrate technologies to reduce the carbon footprint of NTPC’s existing coal-fired power plants.
Mitsubishi Heavy Industries has signed an MOU with Guacolda Energia, an IPP in Chile, to study the introduction of ammonia co-firing at a coal-fired power plant at one of the company’s plants in the north of the country.
The South Korean government has drawn up a draft of the 10th Basic Plan for Electricity Supply and Demand. This contains a clause on reducing the share of coal-fired power generation to below 20 per cent by 2030, a rate below that of the plan released in August 2022.
India’s coal-fired power output has surged much faster than any other country in the Asia-Pacific region since Russia’s invasion of Ukraine.
Indonesia has signed a deal with the G7 group of industrialised countries on a $20 billion financing package to help it speed up its transition from fossil fuels to renewable energy.
The Powering Past Coal Alliance (PPCA) has reported that countries within the Organisation for Economic Cooperation and Development (OECD) are on track to close over 75 per cent of coal-fired electricity generation by 2030.