KONTAN.CO.ID - NUSA DUA. Western countries are not ready to fund the early retirement of Indonesian coal-fired power plants under the Just Energy Transition Partnership (JETP), a government official said on Monday, a major setback to expedite a reduction in emissions. The lack of consensus on the plan, which was billed the "single largest climate finance transaction" by a U.S. treasury official when first announced in November, could add to delays to slash emissions by the world's seventh-largest producer of coal-fired power. "During the discussion it is very clear that they are not eager to provide financing for early retirement," Septian Hario Seto, Indonesia's deputy of investment at its Coordinating Ministry for Maritime and Investment Affairs, told Reuters.
Indonesian Coal Plant Retirements Lack Financial Support from Western Nations
KONTAN.CO.ID - NUSA DUA. Western countries are not ready to fund the early retirement of Indonesian coal-fired power plants under the Just Energy Transition Partnership (JETP), a government official said on Monday, a major setback to expedite a reduction in emissions. The lack of consensus on the plan, which was billed the "single largest climate finance transaction" by a U.S. treasury official when first announced in November, could add to delays to slash emissions by the world's seventh-largest producer of coal-fired power. "During the discussion it is very clear that they are not eager to provide financing for early retirement," Septian Hario Seto, Indonesia's deputy of investment at its Coordinating Ministry for Maritime and Investment Affairs, told Reuters.