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Climate Change

Japan plans $500m in loans for Indonesia's clean energy shift

Public-private initiative to propel tech exports by Japanese companies

Japanese Prime Minister Fumio Kishida, left, and Indonesian President Joko Widodo hold bilateral talks at the G-20 summit in Bali.

BALI, Indonesia -- Japan will assemble loans of up to $500 million to help Indonesia adopt renewable energy and expand grid networks under a public-private decarbonization initiative.

Japanese Prime Minister Fumio Kishida and Indonesian President Joko Widodo announced the collaboration agreement on Monday during bilateral talks in Bali.

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