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Prudential PLC, Citigroup Inc, HSBC Holdings PLC and BlackRock Real Assets are among a group of financial companies looking at ways to accelerate the closure of coal-fired power plants in Asia, Reuters reported, citing five people with knowledge of the proposals. The group, headed by the Asian Development Bank, plans to create public-private partnerships to buy out the heavily polluting plants and wind them down within 15 years, enabling countries to shift to renewable energy sources.
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