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A movement is gaining momentum in favor of using international finance buy-out and retire coal plants and mines.

The scheme being adopted by the Asian Development Bank (ADB), and supported by Prudential and HSBC, is targeting coal plants in South-East Asia.

 

While in 2021, the C20 scheme headed by Citi explored coal mines in the United States, Indonesia, Australia, and South Africa.

We question whether these private investment vehicles are appropriate models for the coal phaseout in South East Asia.