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Indonesia Delays Plan to Invest USD20 Bil in Energy Transition Funds

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  • 24 Aug 2023
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Indonesia Delays Plan to Invest USD20 Bil in Energy Transition Funds

Indonesia has postponed the announcement of investments from a USD20 bil fund pledged by rich countries and global lenders to support the transition to cleaner energy sources. Led by the US and Japan, the Just Energy Transition Partnership (JETP) aims to help Indonesia shift away from coal power plants and adopt greener energy sources. The detailed investment plan has been delayed due to additional data being incorporated into the model. This delay allows technical experts more time to prepare a credible transition plan for the power sector. The plan's details will be made public after the Indonesian government reviews it.

Source: ESGNews