Smoke and steam billows from the coal-fired power plant owned by Indonesia Power, next to an area for Java 9 and 10 Coal-Fired Steam Power Plant Project in Suralaya, Banten province, Indonesia, July 11, 2020. Picture taken July 11, 2020. REUTERS/Willy Kurniawan/File Photo Acquire Licensing Rights
- $20 bln pledged under Indonesia’s JETP, the biggest of its kind
- About $153 mln identified as grant funding
- Indonesia aims for 2030 emission at 250 mln tons under JETP
JAKARTA, Nov 1 (Reuters) – Indonesia aims to cut carbon emissions to 250 million metric tons for its on-grid power sector in 2030 and increase its share of renewable energy generation to 44% under a Just Energy Transition Partnership (JETP), its plan showed on Wednesday.
The partnership, a financing scheme of equity investments, grants and concessionary loans from Group of Seven (G7) members, multilateral banks and private lenders,…
