Indonesia Coal Power Phase-Out Plan at Risk Due to Stalled International Funding

Indonesia coal power phase-out plan at risk due to stalled international funding

It underscores broader concerns among developing nations about international climate finance, which has been slow to materialise. Read more at straitstimes.com.

Exclusive-Indonesia coal power phase-out plan at risk due to stalled international funding

BELEM, Brazil :Indonesia’s plan to retire 6.7 gigawatts of coal-fired power plant capacity by 2030 to fight climate change is at risk of failure due to stalled disbursal of funding from rich countries, the country’s top official overseeing the program told Reuters. A coalition of 10 donor nations called the Just Energy Transition Partnership promised in 2022 to raise $20 billion within three to five years for Indonesia, once described as the “si…