- Summary
- Indonesia secures $20 billion worth of pledges
- Improving lives just as important as closing coal power plants
- Training workforce for green energy is key to ‘just transition’
KUALA LUMPUR, Nov 18 (Thomson Reuters Foundation) – After clinching one of the largest-ever climate finance deals to shutter its coal-fired power plants early, Indonesia needs to work out how to make sure communities that will be impacted by the shift to renewable energy do not lose out, analysts said.
A coalition of rich nations pledged $20 billion of public and private finance to help Indonesia retire its coal power plants sooner than planned, the United States, Japan and other partners said this week
The Indonesia Just Energy Transition Partnership (JETP), which involves providing grants and concessional loans over a three- to five-year period linked to cuts in emissions from the power sector, is based on a similar deal made with South Africa last year.
Tommy Pratama, executive director of Indonesian policy think-tank Traction Energy Asia, said a “just transition” that benefits local communities is vital for the green deal’s success.
“The key decisions about how the funding is spent must be open and transparent with the full involvement of acknowledged experts, affected local communities and civil society groups,” said Pratama in an interview.
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