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Coal-fired plants exit to strand $10-B assets • Cai U Ordinario

THE phaseout of coal-fired power plants in the Philippines would lead to $10 billion in stranded assets, according to the World Bank. This is under the Accelerated decarbonization scenario (ADS) which aims to achieve the goal of reducing annual carbon dioxide (CO2) emissions by 80 percent by 2040. The World Bank said given the amount

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