COP27: UK, US, and EU lead $20bn deal to help wean Indonesia off coal power

Michael Holder
clock • 6 min read
Indonesia is one of the world's biggest coal fired power producers | Credit: iStock
Image:

Indonesia is one of the world's biggest coal fired power producers | Credit: iStock

UK, US, EU, and others announce latest Just Energy Transition Partnership in bid to mobilise $20bn of finance to accelerate Indonesia's clean energy transition

A major multi-billion pound deal to help wean Indonesia off coal-fired generation and ensure emissions from the nation's fast-expanding power sector peak by 2030 has been announced today, brokered by a...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

'Historic milestone': India's renewables generation peaks to cover over half of power demand

'Historic milestone': India's renewables generation peaks to cover over half of power demand

India's Ministry of Power confirms July 29th record, which underscores the 'steady progress' nation is making towards its clean energy and climate goals

clock 07 November 2025 • 4 min read
'Stark misalignment': How pricing pressures have led to a slowdown in Europe's PPA market

'Stark misalignment': How pricing pressures have led to a slowdown in Europe's PPA market

New report from Pexapark attributes recent slowdown in number of clean energy PPAs to price divergence between developers and corporate customers - but could the energy storage boom spark a revival?

clock 05 November 2025 • 6 min read
Government moves to cut energy costs for UK industry by £420m from next year

Government moves to cut energy costs for UK industry by £420m from next year

Around 500 energy intensive businesses across sectors such as steel, cement, glass and chemicals offered extra discount on energy network charges

Michael Holder
clock 31 October 2025 • 3 min read