Indonesia’s Just Energy Transition must be transparent and green

Adaro mine in Tabalong Regency, South Kalimantan, Indonesia. Photo credit: WALHI South Kalimantan

OPINION | Andri Prasetiyo, Senior Researcher at Senik Centre Asia and Nabilla Gunawan, Indonesia Energy Finance Campaigner at Market Forces The Just Energy Transition Partnership (JETP) between Indonesia and its major trading partners is at risk of stifling Indonesia’s coal phase-out progress if it does not provide a clear-cut definition … Read More

Malaysian banks need to dump coal for a safer climate

OPINION | Nabilla Gunawan, Indonesia Campaigner Everyday, I see thick, grey smog across Jakarta’s skyline. I see this coal pollution that kills people in my city, Jakarta. The climate crisis is much more than a distant concern on the horizon. Millions of people across Asia are feeling the full force … Read More

Major UK bank cuts ties with Indonesian mega coal producer 

Adaro mine in Tabalong Regency, South Kalimantan, Indonesia. Photo credit: WALHI South Kalimantan

Jakarta, 14 July 2022 – One of the largest United Kingdom banks, Standard Chartered, has confirmed that it is ending investment in Indonesia’s second largest coal producer, PT Adaro Indonesia and other banks need to follow suit in line with their energy and fossil fuel policies. The UK-bank has confirmed … Read More

Japanese megabanks faced with international ad in the Financial Times

NGOs from Vietnam, Indonesia, Japan and around the world have placed a full-page advertisement in the Financial Times today calling for Japanese megabanks – Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Financial Group (Mizuho) – to stop funding coal power. MUFG, SMBC, and Mizuho, along … Read More

General Electric chooses to ignore clean energy transition

10 May 2019 Yesterday in New York at General Electric’s (GE) annual general meeting, (AGM) shareholders called out their CEO, H. Lawrence Culp Jr., for GE’s role in constructing new coal-fired power stations around the world, jeopardizing its own future viability as an energy company and that of our collective … Read More

Analysis: Singapore banks signal an end to new coal financing

18 April 2019 This week saw Singapore’s two biggest banks -Oversea-Chinese Banking Corporation (OCBC) and DBS – commit to an endpoint for their lending to new coal power plants. On Monday, OCBC CEO Samuel Tsien told media: “We won’t do any new coal-fired power generation plants in any countries, except … Read More