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Malaysian development bank’s funding of Vietnam coal plant casts shadow over climate pledges

Just as Malaysia commits to phase out coal power locally, a government-owned development bank has agreed to finance the Song Hau 2 coal plant in Vietnam, jeopardising its neighbour’s JETP aid package and undermining climate goals.

malaysian-development-bank’s-funding-of-vietnam-coal-plant-casts-shadow-over-climate-pledges

Just as Malaysia commits to phase out coal power locally, a government-owned development bank has agreed to finance the Song Hau 2 coal plant in Vietnam, jeopardising its neighbour’s JETP aid package and undermining climate goals.