Firms such as Citi, HSBC, and Prudential are working with the Asian Development Bank on a plan to speed closures of coal-fired power plants in Asia by buying them out and winding them down within fifteen years, Reuters reports. They are expected to present the plan at November’s UN climate conference.
China, Germany: A German frigate was dispatched yesterday on a mission aimed at strengthening Germany’s presence (AFP) in the Indo-Pacific, the first trip by a German warship to the region in nearly twenty years. The ship is expected to sail through the disputed South China Sea in December. Beijing called on Berlin to clarify the intentions (SCMP) of the frigate’s trip for it to make a port call in Shanghai.
