The price of coal is difficult to shake, even though it is strangled from anywhere

Many acts of tackling coal because it is claimed that it is not environmentally friendly do not necessarily make the price of the stone fall freely.

Supported by strong fundamentals, coal prices have even crawled up again. After the rich countries joined in the G7, now it's China's turn as the world's largest coal consumer to act. China seeks to reduce carbon emissions. One of them is by canceling the investment in foreign coal-fired power plant capacity. "The amount of capacity canceled since 2017 is 4.5 times higher than the amount that went into construction during that period," Reuters wrote, based on research by the Center for Clean Energy and Air Research (Crea). Crea said since 2016, the top 10 banks involved in global coal financing have been Chinese. About 12% of all coal-fired power plants operating outside China can be attributed to Chinese banks, utilities, equipment manufacturers and construction companies. But although 80 gigawatts of China-backed capacity are still a work in progress, many projects could face further setbacks. The report claims this is due to increased public resistance and financing is becoming more difficult.

|•SOURCE•| Image :bloomberg |

READ MORE

|• NATIONAL •|Indonesian Oil Palm Farmers Association Assesses the Implementation of B30 Makes Palm Oil Prices Stable for Smallholders
|• INTERNATIONAL •|Electronic Commerce, Businessmen Support State Identification
|• BANKING •|World Pushes Armistice
|• POLITICS •|WWF Indonesia Initiates Virtual Talk of Ecolabeled Palm Products
|• SCIENCE •|BFI Finance Collaborates with Sinarmas Land in Presenting a Mortgage Program for Employees