Despite the increasing consumption and production of coal in ASEAN, and the ongoing development of coal-fired power plants (CFPPs) in the ASEAN Member States (AMS), international coal consumption is decreasing.
The move away from coal is demonstrated by 51 of 158 enterprises that are monitored in the 2021 Global Coal Exit List (GCEL).
Of the 51 companies, 29 were found to be transitioning to renewable energy (RE), 15 to various types of low carbon technologies such as clean coal technologies (CCTs), gas and energy storage, 6 to CCT, and 1 to gas.
The net zero pledges affect the zero-emission targets of 3 state-owned utilities in ASEAN which also operate a large fleet of CFPPs.
Noting the breadth of outcomes from the coal companies’ transition strategies, 3 AMS had addressed the issues of skill requirements, workers’ rights and inclusive growth in the regulation: the Philippines, Singapore and Malaysia.