Coal news and updates

World Bank recommends Indonesia cut coal subsidies amid green transition

The World Bank has urged Indonesia to drop a policy forcing miners to supply a set amount of subsidised coal to its state power company, which it said has encouraged the use of the dirty fuel in electricity generation.

The recommendation is part of a report released on Thursday intended to encourage more private investment in renewable energy in Indonesia to help the country achieve a target of becoming carbon neutral by 2060 or sooner 

The Southeast Asian country is the biggest exporter of thermal coal globally and among the top ten green house gas emitters.