The Biden-Jokowi Deal Is Just One Step to Turn Indonesia Green
- Southeast Asia’s top coal user will need to overhaul power mix
- Nation has won $20 billion of climate funding from US, Japan
Joe Biden with Joko Widodo at a tree planting event at the Taman Hutan Raya Ngurah Rai Mangrove Forest, on Nov. 16.
Photographer: Alex Brandon/AFP/Getty Images
A massive $20 billion deal with the US and Japan will kick-start Indonesia’s drive to wean itself off coal power, though the country may still need trillions more to reach net-zero emissions while meeting growing demand for energy.
US President Joe Biden and Indonesian President Joko Widodo announced the climate finance deal, known as the Just Energy Transition Partnership, or JETP, on Tuesday at a meeting of Group of 20 leaders in Bali. In exchange for a mix of funds from government and private sources, Indonesia has committed to retiring Southeast Asia’s largest coal power fleet and reaching net-zero emissions from its power sector.