Indonesia launched on Tuesday its investment plan to mobilise $20 billion in financing pledged by global lenders led by the United States and Japan to accelerate its power sector decarbonisation and called for immediate fund disbursement.
JAKARTA, Nov 21 (Reuters) - Indonesia launched on Tuesday its investment plan to mobilise $20 billion in financing pledged by global lenders led by the United States and Japan to accelerate its power sector decarbonisation and called for immediate fund disbursement.
Indonesia, one of the world’s biggest greenhouse gas emitters, plans to increase the portion of renewable energy in its power generation to 44% by 2030 from around 12% in 2022.
The partnership must be enhanced and accelerated to do the priority projects, including to immediately realise the financing commitments," Erick Thohir, ad-interim chief minister for investment affairs, said at the launch.
Michael Kleine, the U.S. charge d’affaires in Jakarta, said the JETP funding was expected to “jump start” energy transition investment and attract more financing.
Half of the funds pledged would come from private financing, which could be commercial loans carrying market rates, equity investment or other debt instruments.
“What is the point of waiting for the JETP CIPP document to be released when the deal with advanced countries is just business-as-usual loans?”
The original article contains 319 words, the summary contains 174 words. Saved 45%. I’m a bot and I’m open source!
This is the best summary I could come up with:
JAKARTA, Nov 21 (Reuters) - Indonesia launched on Tuesday its investment plan to mobilise $20 billion in financing pledged by global lenders led by the United States and Japan to accelerate its power sector decarbonisation and called for immediate fund disbursement.
Indonesia, one of the world’s biggest greenhouse gas emitters, plans to increase the portion of renewable energy in its power generation to 44% by 2030 from around 12% in 2022.
The partnership must be enhanced and accelerated to do the priority projects, including to immediately realise the financing commitments," Erick Thohir, ad-interim chief minister for investment affairs, said at the launch.
Michael Kleine, the U.S. charge d’affaires in Jakarta, said the JETP funding was expected to “jump start” energy transition investment and attract more financing.
Half of the funds pledged would come from private financing, which could be commercial loans carrying market rates, equity investment or other debt instruments.
“What is the point of waiting for the JETP CIPP document to be released when the deal with advanced countries is just business-as-usual loans?”
The original article contains 319 words, the summary contains 174 words. Saved 45%. I’m a bot and I’m open source!