Indonesia reaches $20bn climate partnership with world’s wealthiest nations

Published by
City AM

By Nicholas Earl A group of the world’s wealthiest nations has entered into a $20bn energy partnership with Indonesia, which is hosting the G20 summit this week, to help reduce the country’s reliance on coal and accelerate the ramp up of renewables. President Joko Widodo of Indonesia and leaders of the International Partners Group (IPG) unveiled the Just Energy Transition Partnership (JETP) as countries scramble to keep the goals of the Paris Agreement in reach, such as limiting temperature rises to well below two degrees from pre-industrial levels. The IPG is co-led by the US and Japan, and i…

Read More