{"id":38695,"date":"2025-12-15T00:01:23","date_gmt":"2025-12-14T23:01:23","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?p=38695"},"modified":"2025-12-31T12:25:12","modified_gmt":"2025-12-31T11:25:12","slug":"banking-on-coal-in-south-and-southeast-asia-the-network-behind-a-dirty-industry","status":"publish","type":"post","link":"https:\/\/reclaimfinance.org\/site\/en\/2025\/12\/15\/banking-on-coal-in-south-and-southeast-asia-the-network-behind-a-dirty-industry\/","title":{"rendered":"Banking on Coal in South and Southeast Asia: The Network Behind a Dirty Industry"},"content":{"rendered":"

While coal use is declining across most high-income countries, South and Southeast Asia remain major hotspots for new projects. Although China still leads globally, nearly all remaining expansion is concentrated in seven key countries \u2014 India, Indonesia, Pakistan, Bangladesh, Vietnam, Laos, and the Philippines \u2014 where 216 GW of new coal capacity were still planned as of 2024. These projects are largely driven and financed by Chinese, Indian, and Indonesian actors, locking in emissions that are incompatible with global climate goals.<\/p>\n<\/div>

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Key findings:<\/h2><\/span>
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0<\/span>US$<\/span><\/div>
billion in bank financing (2021\u20132024) is still flowing to developers planning 216 GW of new coal capacity<\/div><\/div><\/div><\/div><\/div><\/div>