News
ADB's plant retirement plan asks investors to back coal now to ditch it later
The Asian Development Bank’s (ADB) plan to retire coal plants early may hinge on whether investors can be encouraged to put money back into fossil fuels in the near-term for a better long-term outcome, climate fund advisors said.
Related Knowledge Center: ENERGY BASICS: coal
State of Play
The use of coal, a staple of heating and electricity-generation for decades, is in decline in the United States — supplanted by newly abundant production of natural gas — but is still dominant in some parts of the world. While economical, coal use is particularly problematic as international attention focuses increasingly on climate change.