India and most of ASEAN (Vietnam, Indonesia, Malaysia, etc) are expected to see GDP grow rates in the 6-8% range for the next decade.

Their carbon footprint is only going to increase as a result.

India [0], Vietnam [1], and others have all doubled down on coal for energy security reasons.

[0] - https://www.bloomberg.com/news/articles/2025-12-05/india-mul...

[1] - https://www.reuters.com/business/energy/vietnam-looks-more-c...