Ahead of the World Bank's annual meeting, a think tank finds that Sri Lanka, Pakistan, Mongolia, Vietnam and Laos have issued the most in sovereign debt to date in the region.
Spot markets are crucial for establishing a unified electricity market, which would promote renewable development and reduce reliance on new coal power.
EB Studio
The story of the Cirebon 1 coal power project is symptomatic of the obstacles in Indonesia’s coal phase-out plan. As the first pilot for the Asian Development Bank (ADB)’s Energy Transition Mechanism (ETM), Cirebon 1 may be decommissioned 10 to 15 years earlier than planned, but its environmental and social impacts remain unaddressed, while a new plant is being built nearby.