"A total of 8 to 16 coal-fired power plants will be offline from Dec. 1 to Feb. 28 as part of efforts to reduce fine dust emissions in the winter period," the Ministry of Trade, Industry and Energy said in a statement.

The revised EEAG, also called Climate, Environmental Protection and Energy Aid Guidelines (CEEAG), foreseen to apply from 2022, is likely to ban state support for projects involving fossil fuels, in particular oil, coal and lignite.

Coal stocks at ports and power plants have been picking up quickly, with stocks in power plants hitting 129 million tonnes as of Nov. 14 and expected to hit 140 million tonnes by the end of November,

Indonesia could target emissions on the use of fossil fuels such as coal, diesel and gasoline by factories and vehicles.

Coal, a major contributor to carbon emissions, accounted for 56.8% of China's primary energy consumption in 2020, down from around 68% a decade earlier.

India has pledged to increase the share of renewables in its energy mix from about 38% last year to 50% by 2030.

The renewable capacity additions planned by India's largest coal miner Coal India Ltd. and its subsidiaries, along with other state-run coal miners Singareni Coal Company Ltd. and NLC India Ltd., will see an investment of over Indian Rupees 150 billion ($2.02 billion) by 2030

Exports rose in October as seaborne thermal and metallurgical coal prices reached multiyear highs.

China has approved expansions at more than 153 coal mines, which could add 55 million tonnes of coal output in the fourth quarter, the National Development and Reform Commission (NDRC) said last month.

KEPCO is responsible for most of South Korea’s power production with an installed capacity of around 91 GW (around 70% of the total capacity in 2020), including 38 GW of coal, 24 GW of nuclear and 19 GW of gas.