International

"Wealthy Nations Ink $20B Deal To Move Indonesia Off Coal"

"A group of wealthy countries secured a deal Tuesday with Indonesia that would shift the major emitter’s power generation from coal to clean energy. The $20 billion deal financed by governments and financial institutions would be one of the largest public investments ever made to shutter fossil fuel plants."

Source: E&E News, 11/16/2022

"Brazil, Indonesia and Congo Sign Rainforest Protection Pact"

"The three countries that are home to more than half of the world’s tropical rainforests — Brazil, Indonesia and the Democratic Republic of Congo — are pledging to work together to establish a “funding mechanism” that could help preserve the forests, which  help regulate the Earth’s climate and sustain a variety of animals, plants, birds and insects."

Source: NYTimes, 11/15/2022

"COP27 Considers 'Loss And Damage' Fund, But Has Yet To Commit - Draft Text"

"The United Nations on Monday published a draft text setting out what the COP27 climate summit could agree on "loss and damage" financing for countries ravaged by climate impacts. The negotiating text will be debated and reworked by diplomats and ministers from nearly 200 countries before its hoped-for adoption at the end of the summit, negotiatiors said."

Source: Reuters, 11/15/2022

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