Comment
Who will finance Asia's coal power projects?
Historically, coal has played a key role in meeting Asia's growing power demand. However environmental concerns has led to more stringent regulations and commitments towards tighter emission controls globally.
Increasingly over the last year, financing institutions (mostly export credit agencies (ECAs) in OECD countries and European banks) have announced plans to stop investing in coal power projects.
This could impact Asia since we expect growth in power demand through to 2035, and this calls for new power capacity, including coal-fired ones.