BALI, Indonesia/SHARM EL-SHEIKH, Egypt -- Indonesia has obtained at least $20 billion in funding commitments from developed nations led by the United States and Japan to speed up its clean energy transition and move forward its net zero carbon pledge by 10 years.
All members of the Group of Seven advanced economies plus Denmark and Norway, on Tuesday launched the Just Energy Transition Partnership (JETP) specifically for the Southeast Asian country. They intend to mobilize an initial $20 billion in public and private financing over the next three to five years to help it significantly reduce its greenhouse gas emissions.
