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EU, G20 countries to help finance Indonesia’s coal phase-out
(EurActiv, 17 Nov 2022) The EU and several G20 governments pledged $20 billion to help Indonesia phase out coal, its main energy source, according to a joint declaration signed on the sidelines of the G20 summit Tuesday (15 November).
Indonesia, together with the EU and the International Partners Group (IPG), co-led by the US and Japan, and including Canada, Denmark, France, Germany, Italy, Norway, and the UK, launched the Just Transition Partnership to help Indonesia phase out coal amid the G20 summit on Tuesday.
“This is the first time that the G20 has taken such a clear position on the exit from coal,” French President Emmanuel Macron told G20 leaders on Wednesday.
The non-binding deal was struck at the same time as state representatives attended climate talks at COP27 in Egypt, which is set to end on Friday.
In 2021, an $8.5 billion deal was announced at last year’s COP26 to help South Africa drop its reliance on coal.
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EurActiv, 17 Nov 2022: EU, G20 countries to help finance Indonesia’s coal phase-out
