KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
On Monday, Britain will become the first G7 country to end coal-fired power production, marking a significant milestone in the nation's journey toward climate targets. The closure of Uniper’s Ratcliffe-on-Soar plant in England’s Midlands signals the end of over 140 years of coal power in the UK.
Back in 2015, Britain set a goal to phase out coal plants within a decade, when nearly 30% of its electricity came from coal. By last year, this figure had dropped to just over 1%.
“The UK has proven that it is possible to phase out coal power at unprecedented speed,” said Julia Skorupska, Head of the Powering Past Coal Alliance, which includes around 60 national governments working to eliminate coal power. This phase-out has significantly contributed to the halving of Britain's greenhouse gas emissions since 1990.
Britain aims for net zero emissions by 2050 and plans to decarbonize its electricity sector by 2030, relying heavily on renewable sources such as wind and solar power.
"The era of coal might be ending, but a new age of good energy jobs for our country is just beginning," said energy minister Michael Shanks.
In contrast, coal power still constitutes over 25% of Germany’s electricity and more than 30% of Japan’s power, showing the significant challenge other nations face in reaching the same target. The G7 nations agreed in April to scrap coal power by the mid-2030s, though some countries heavily reliant on coal have been granted more flexibility, drawing criticism from environmental groups.
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