DBS ‘circumspect’ about scaling Indonesia’s first early coal retirement nationwide

Quick Summary:

Cirebon 1’s financial advisor says the model "might not be replicable" nationwide as grid stability costs were overlooked early on and transition credits – being trialled in the Philippines – may not apply.

Updates are expected at COP29.

DBS – which became the first Southeast Asian bank to update its coal policy to allow for managed phase-out in March – is “likely to be part of” the transaction, Wong shared.

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Article Details

Author / Journalist: Gabrielle See

Category: EconomyBusiness

Markets: SingaporeFranceHong KongIndonesiaJapanPhilippinesUnited States

Topics: SEA clean energy transition Energy Power plants COP29 Energy transition Carbon capture Financing Carbon credits Transition finance Climate finance Clean energy Sustainable finance use and storage Renewable energy Coal Fossil fuels

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 00:21:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1362 words

Reading Time: 8 minutes read

Sentences: 39 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © Eco-Business

News ID: 23756327

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