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Energy

Asian power company CLP vows to drop coal by 2040 in faster transition

Hong Kong-based group says increased use of natural gas will be temporary

CLP said it would achieve net-zero greenhouse gas emissions by 2050. (Photo by Kenji Kawase)

HONG KONG -- Power plant operator CLP Holdings pledged on Thursday to phase coal out of its Asian operations by 2040, accelerating its previous commitment by a decade.

The Hong Kong-based group also said it aims to achieve net-zero greenhouse gas emissions by 2050, in line with the decarbonization goal established by the city's government.

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