Friday, January 27 2023

Benzinga

Several Developed Nations, Allied Groups Come Together With $10B Backing For Indonesia’s Efforts On Decarbonization

At a G-20 meeting, a $20 billion funding plan was announced aimed at helping Indonesia, the world’s largest coal exporter, adopt renewable energy sources. Developed countries, including the U.S. and some big banks, have backed the plan as part of efforts to help emerging economies decarbonize. Analysts say $20 billion would be a start. Shifting Indonesia’s economy away from fossil fuels would require energy-sector investments of at least $2 trillion by 2050, according to a recent report by Bloom

Source: Yahoo Sports

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