More News and Commentary

U.S. Deal to Support Coal-Fired Generation Expansion in Vietnam Appears Dead

New York Times: A Vietnamese company is no longer seeking American financial support to build a coal-fired power plant in Vietnam, bringing to an abrupt end a closely watched test of whether Washington would back international projects that could potentially contribute to climate change. On Thursday, the Export-Import Bank of the United States, a lender […]

February 12, 2018 Read More →
IEEFA Asia: Price Increase Highlights Growing Risk to Coal-Import Economies

IEEFA Asia: Price Increase Highlights Growing Risk to Coal-Import Economies

Outdated Policy in Japan, the Philippines, South Korea, Thailand, and Vietnam

The rise in the international spot price of thermal coal over the past 12 months may have put smiles on the faces of a handful of coal-exporter CEOs, but for importing nations that include Japan, the Philippines, Thailand, South Korea, and Vietnam, the trend risks putting a multibillion-dollar dent in current accounts. Since the beginning […]

November 17, 2017 Read More →

Vietnam, Over-Reliant on Imported Coal, Is Being Hammered by High Prices Steep increases in global coal prices are forcing Vietnam’s coal-fired power plants deeper and deeper into the red as they struggle to minimize losses caused by cost overruns worth billions of U.S. dollars. Coal prices have steadily risen since early 2016, adding an addition US$1.27 billion in costs for importing coal to Vietnam, according […]

November 17, 2017 Read More →
IEEFA Update: Are Investors in Asian Coal Starting to Think Twice?

IEEFA Update: Are Investors in Asian Coal Starting to Think Twice?

Signs That Risk Perceptions May Be Shifting as Markets Evolve

Human nature is to juggle contradiction and remain hopeful in the face of adversity. But investors are supposed to be hard-eyed cynics. What, then, to make of financial professionals smart enough to pose shrewd questions about the impact of climate change on the coal industry but willing to settle for illogically incomplete answers? This is […]

October 20, 2017 Read More →

Upswing in Vietnam Renewable Investments

VietnamNet: The number of renewable energy plants capitalized at VND1.2-1.4 trillion (US$50-60 million) has been increasing rapidly. The Binh Thuan provincial People’s Committee has accepted commitments from 20 investors to invest in the renewable energy sector in the province. This is a part of the province’s plan to become a large energy center of the […]

June 19, 2017 Read More →

Vietnam Is Ripe for a 21st-Century Energy Policy

Over-Reliant on Coal-Fired Electricity and Not Ambitious Enough on Renewables

This past January, Prime Minister Nguyen Tan Dung announced an auspicious review of new coal-fired power plants and a halt to existing coal-fired electricity-generation development in Vietnam. It was a hopeful indication that the country with the world’s third largest “pipeline” of such projects was moving away from coal. Two months later, the government came […]