New Energy

Coal’s Grip on Asia Strengthens as Early Phaseout Bids Stall

Tuticorin Thermal Power Station in India.Photographer: Prashanth Vishwanathan/Bloomberg

Coal’s future in Asia is looking brighter, as the top-consuming region’s efforts to shift to cleaner energy suffer a series of setbacks.

Indonesia has canceled a flagship project that was the poster child for shuttering coal plants early. India is considering expanding its fleet until mid-century instead of through 2035. And China’s on track for another year of record mine output, bolstered by demandBloomberg Terminal from the chemicals sector, despite a steady roll-out of renewables.