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Climate Change/Carbon Emissions/Asia – ADB, fin firms draw plan to close Asia coal-fired power plants (Al Jazeera)

Al Jazeera writes: Financial firms, including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed up the closure of Asia’s coal-fired power plants in order to reduce the biggest source of carbon emissions, five people with knowledge of the initiative said. The novel proposal, which is being driven by the Asian Development Bank, offers a potentially workable model and early talks with Asian governments and multilateral banks are promising, the sources told Reuters.

go to Al Jazeera: ADB, fin firms draw plan to close Asia coal-fired power plants | Banks News | Al Jazeera