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U.S., Others Tout $20 Billion Plan to Move Indonesia Away from Coal, Toward Renewables

November 15, 2022

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The U.S. and other countries have announced a $20 billion financing plan to help Indonesia more quickly shutter the country’s coal-fired power plants and decarbonize its power generation sector.

“We’ve built a platform for cooperation that can truly transform Indonesia’s power sector from coal to renewables and support significant economic growth,” U.S. Special Envoy on Climate Change John Kerry said Nov. 15 during the COP27 climate conference in Egypt. The Biden administration in a statement Tuesday from the G20 summit in Bali, where President Biden is meeting with other world leaders, said the U.S. and Japan will co-lead the effort with Indonesia. Other countries supporting the plan include Britain, Canada, France, Germany, and Italy, along with Denmark, Norway, and the European Union.

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