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As Malaysia moves to retire coal power by 2044, the country has an opportunity to turn retiring coal sites into clean energy hubs and accelerate the deployment of solar, storage and other renewable technologies.
The Iran war is driving a significant near-term surge in Asia-Pacific’s thermal coal demand, with an additional 150 million tonnes of cumulative consumption projected through 2030, roughly half of which is expected to land in 2026 alone.
As geopolitical tensions and supply chain disruptions continue to reshape global energy markets, countries are increasingly grappling with ensuring energy security and affordability while transitioning away from fossil fuels.
As oil and gas firms reap windfall profits from wartime price spikes, regional climate advocates urge governments to tax gains and channel the funds into renewables and grid upgrades to secure Asia’s energy future.
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