Katie Kouchakji Markets - 15/October/2021

Southeast Asia attempts to kick the coal habit

Despite significant renewables potential in Laos, Vietnam and Indonesia, the burning of coal remains an important element of the economy. Changing attitudes and the climate emergency mean these countries are looking for an exit route but it will not be easy

Governments need to balance the needs of a growing economy with climate demands

 
IRON GRIP The coal industry, its lobbyists and long-term contracts continue to control the market, making its removal much more difficult

STRANDED ASSETS Financial institutions are turning their backs on coal investments, putting projects at risk

KEY QUOTE Something is changing, but there is still a huge coal extraction sector ...

 

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