Indonesia is seeking help to undo decades of dependence on coal, which still generates about 60% of its electricity.
Photographer: Dimas Ardian/BloombergNew Energy
Rich Nations May Fork Out Billions to Wean Indonesia Off Coal
- Lack of government consensus, power oversupply stunts progress
- Jakarta wants billions from donor nations to close coal plants
Ever since Indonesia accelerated plans last year to achieve carbon neutrality, a parade of climate envoys from developed nations has headed to the archipelago, offering assistance and financial aid in exchange for a commitment by the world’s biggest exporter of coal by weight to phase out coal power.
Officials from the U.S. and Europe hope to secure a deal by the time Indonesia hosts G-20 leaders in Bali in November, establishing a major milestone in the global effort to cut emissions and providing an impetus for the United Nations’ COP27 climate summit in Egypt the same month.