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Indonesia has decided to exclude private coal power plants from its JETP investment plan. The country is skeptical of the $20 billion offered by rich countries to stop burning coal. The promised $15.5 billion from G-7 countries to Vietnam for cutting coal is actually only $321 million in grants, with the rest being costly loans. While governments recognize the need for trillions of dollars for climate adaptation and mitigation, they have yet to produce financing plans. Indonesia is also planning to convert 200,000 hectares of palm plantations into forests. The country's spending plans for its climate aid package will focus on on-grid power, avoiding the issues presented by coal-fired plants. Indonesia has set emission targets for G7 funding and has laid out an investment map. The energy transition financing for Indonesia and Vietnam is under G7-funded plans.
Indonesia, Vietnam energy transition financing under G7-funded plans https://t.co/FJtukUgaKv https://t.co/OYPcUgDb92
Indonesia confines its spending plans for its historic climate aid package to on-grid power, punting on the issues presented by the growing fleet of coal-fired plants https://t.co/UxLfUCe1fY
Indonesia sets emission target for G7 funding, lays out investment map https://t.co/Vo3zGNwcr1 https://t.co/1oTDhB103O
Indonesia confines its spending plans for its historic climate aid package to on-grid power, punting on the issues presented by the growing fleet of coal-fired plants https://t.co/9X0djXcupd
Indonesia says 200,000 hectares of palm plantations to be made forests https://t.co/qq30OXZLQq https://t.co/Xd5UqYW9CC
Indonesia Shelves Decarbonization for Prosperity and Security https://t.co/n7k9dcLteH
While governments generally recognize that a two-pronged climate adaptation and mitigation process will cost trillions of dollars, they have yet to produce plans for financing it. Get the background: https://t.co/c6Y20bQN5v
The 'energy transition' financing lie: 2022 promise: G-7 countries promise Vietnam $15.5 billion to cut coal. 2023 reality: The $15.5 billion is actually only $321 million in grants. The rest is costly loans. https://t.co/f5uuTKNRbc https://t.co/P7lwfZiSDB
Indonesia excludes industrial coal plants from its 'energy transition' plan. Rich countries have 'offered' $20 billion to Indonesia to stop burning coal. But Indonesia is (rightly) skeptical. https://t.co/8E4KIsmP3W https://t.co/KvHUJ0FwAQ
Exclusive: Indonesia to omit private coal power plants from its JETP investment plan https://t.co/0k8rs2fkal https://t.co/gyMQaqaAhe