Exclusive-Indonesia coal power phase-out plan at risk due to stalled international funding
Mihaela Chircă
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 "single-largest climate finance transaction." Funds
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