"SHARM EL-SHEIKH, Egypt — 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. About 60 percent of electricity generation in Indonesia comes from coal and more plants are still in the pipeline.
“We’ve built a platform for cooperation that can truly transform Indonesia’s power sector from coal to renewables and support significant economic growth,” U.S. climate envoy John Kerry said in a statement from Egypt, where he’s attending global climate talks. “Together, we have a shared vision for that goal and are going to be working hand-in-glove to work tirelessly toward it.”"
Sara Schonhardt and Zack Colman report for E&E News November 15, 2022.
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