NUSA DUA, Indonesia – Western countries are not ready to finance the early retirement of Indonesian coal-fired power plants under the Just Energy Transition Partnership , a government official said on Monday, based on talks held with the partnership countries.The partnership will deliver US$20 billion in funds from a coalition of developed countries to help reduce its dependence on fossil fuels, but investment plans have been delayed.
However, “they are more interested in renewable commercial projects”, Mr Septian said. For Indonesia, the challenge is excess electricity supply, he said. Under the JETP, Indonesia is committed to cap and peak the power sector’s carbon emissions at 290 million metric tonnes by 2030. The 2030 peak would be at a level 25 per cent lower than a previously forecast peak in 2037.
Source: News Formal (newsformal.com)
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