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AS seaborne coal in Asia trades at, or near, record highs, there are early signs of demand destruction, especially among price-sensitive buyers such as India.
BEIJING: China may be diving head first into a power supply shock that could hit Asia’s largest economy hard just as the Evergrande crisis sends shockwaves through its financial system.
KUALA LUMPUR: RHB Banking Group has launched the RHB sustainability financing programme (SFP) with a target of RM1bil in new financing by 2025, including personal financing for retail customers’ solar panel purchases and auto financing rates for hybrid, plug-in hybrid and electric vehicles.
What has caused China’s electricity shortages, and is Beijing’s carbon-neutral goal solely to blame?
Sixteen of mainland China’s 31 provincial-level jurisdictions are rationing electricity as they race to meet Beijing’s annual emissions reduction targetsThe price of thermal coal, used for power generation, has been soaring all year and hit new highs in recent weeks
BEIJING (Reuters): China's all-powerful economic planning agency waded into the country's power crunch on Wednesday (Sept 29), attempting to reassure residents and businesses in areas hardest hit by shortages that it has the coal use and supply situation under close watch.
China’s power crisis – prompted by emission targets, spiralling coal prices – infuriates global firms, pushes up manufacturing costs
Some 30 listed companies have issued warnings this month – up from four in August, warning that the power cuts have negatively impacted production and profitsHong Kong-listed apparel supply chain manager Lever Style says the power cuts may force companies to rethink their garment production plans in China
There is strong demand for tugboats in Indonesia
LONDON: The world's top miners on Tuesday committed to a goal of net zero direct and indirect carbon emissions by 2050 or sooner, the International Council on Mining and Metals (ICMM) said.
SYDNEY: A group of shareholders has filed climate change resolutions with three of Australia’s Big Four banks, asking them to abide by their self-declared support for net-zero emissions by 2050 and stop financing fossil fuels.
Indonesia is set to become Asia's fourth country to introduce a carbon tax but analysts expect opposition from industries that have warned of implementation problems and higher power costs that could undermine manufacturing competitiveness.