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Plan to Accelerate Coal Plant Closures in APAC

Prudential, Citi, HSBC, and BlackRock are reportedly working on a plan to buy out coal-fired plants and wind them down early.

Prudential, Citi, HSBC, and BlackRock are reportedly working together to devise plans to speed up the closure of Asia’s coal-fired power plants – the biggest source of carbon emissions in the region. According to Reuters, the plan is being driven by the Asian Development Bank (ADB). A potentially workable model has…

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