Green
Indonesia Seeks Ways to Exit Coal Earlier With a Fund Mechanism
President Joko Widodo has pledged to shut all of Indonesia’s coal-power plants by 2055.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Indonesia is seeking to retire coal-reliant power plants earlier by devising a way to fund renewable projects amid the challenges of rising interest rates and elevated energy costs.
“So we are going to be very, very serious first in making sure that this short-term disruption will not in this case also weaken our commitment,” Finance Minister Sri Mulyani Indrawati said in a Bloomberg Television interview with Haslinda Amin. She spoke from Bali on the sidelines of the Group of 20 finance ministers and central bank governors meeting.