Indonesia's sustainable finance taxonomy is Asia's 'least stringent' for classifying new coal plants as green: study

Quick Summary:

The taxonomies of Singapore and Thailand are Southeast Asia's most robust, according to a report by the Institute for Energy Economics and Financial Analysis.

Thailand also uses an amber category, which producers can use only to classify existing fossil fuel power plants. New power generation is not allowed to be assigned amber status.

New natural gas-based power plants that started construction this year are classified as red and are not considered sustainable.

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Article Details

Author / Journalist: Hannah Alcoseba Fernandez

Category: EconomyBusiness

Markets: SingaporeIndonesiaMalaysiaPeruPhilippinesThailand

Topics: use and storage Coal Carbon capture Sustainable finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 01:20:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 798 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 22943509

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About Eco-Business

Main Topics: EconomyBusiness

Official Website: eco-business.com

Year Established: 2009

Headquarters: Singapore

News Last Updated: 1 days ago

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Publisher ID: #100

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