New Economy Forum

Asian Development Bank Official Says Quick Action Needed on Coal

Photographer: Dimas Ardian/Bloomberg
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An official at the Asian Development Bank said fast, creative solutions are needed to transition away from coal as he responded to criticisms from non-governmental organizations.

The problem of coal-fired power is likely “one of the biggest problems on earth” as the fuel is a “powerful incumbent”, Ahmed Saeed, a vice president at the Manila-based institution said in a television interview at the Bloomberg New Economy Forum in Singapore.