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The Asia-Pacific (APAC) oil and gas players and financiers are failing to keep pace in the net-zero transition landscape.

Eine Strategie für den Ausstieg aus der Kohleverstromung ist bei STEAG bisher nicht erkennbar. Dies lässt Bedenken aufkommen, dass die derzeitige 4,1-GW-Kohleverstromung bis 2038 weiterläuft – dem neuen vorgeschlagenen Kohleausstiegsziel gemäß der deutschen Energiewende.

1 June (IEEFA Asia): The oil and gas (O&G) sector in the Asia-Pacific (APAC) region is likely to find fundraising trickier, particularly to support fresh capacity, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).

STEAG’s strategy for phasing out coal is so far non-existent, raising the concern that the current 4.1 GW of coal-fired generation will keep running until 2038—the new proposed coal exit date according to the German Energiewende.

Bangladesh has attained 100% electricity access, supported by rising power generation capacity. However, the volatile international fossil fuel market shows that 100% electricity access is not enough, and the country should enhance energy security. The upcoming budget could steer Bangladesh towards energy security.

Durch den Verkauf der STEAG ohne einen verbindlichen Kohleausstiegsplan könnten 4,1 GW Kohle bis 2038 in Betrieb bleiben und die deutsche Energiewende hinauszögern, wie eine Analyse des Institute for Energy Economics and Financial Analysis (IEEFA) zeigt.

Selling STEAG without a binding coal decommissioning plan might result in 4.1 GW of coal operating until 2038 and will delay Germany’s Energiewende Berlin, 1 June 2023 | The announced sale of state-owned utility STEAG could create an obstacle to advancing Germany’s coal exit strategy through 2038, unless a binding decommissioning plan is put in place as part of the sale process. 

Cameron Fairlie leads the sustainable investment advisory team at global consultancy firm Arup. He has over 12 years of industry experience across the energy, maritime, transport, and social infrastructure sectors. Cameron is working with a number of high-profile investors to assess their ESG frameworks and asset portfolios to ensure they are on track to meet their ESG commitments.

Gaurav Ahuja leads the finance and economics business across the Asia-Pacific for global consultancy firm Arup. Gaurav is a seasoned financial advisory executive with a background in debt markets and infrastructure financing. He has worked with high-profile investors, lenders and governments across the region and in a range of sectors, including energy, water, waste and transport.