U.S., Japan and partners mobilise $20 billion to move Indonesia away from coal power

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By David Lawder and Valerie Volcovici NUSA DUA, Indonesia/SHARM EL-SHEIKH, Egypt (Reuters) – A coalition of countries will mobilise $20 billion of public and private finance to help Indonesia shut coal power plants and bring forward the sector’s peak emissions date by seven years to 2030, the United States, Japan and partners announced on Tuesday. The Indonesia Just Energy Transition Partnership (JETP), more than a year in the making, “is probably the single largest climate finance transaction or partnership ever”, a U.S. Treasury official told reporters. The Indonesia JETP is based on last ye…

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