popular articles

Indonesia gets $20 billion to reduce its dependence on coal

A group of wealthy countries and international institutions have pledged $20 billion to Indonesia.

Please share:

A group of wealthy countries and international institutions have pledged to provide Indonesia, the fourth largest country in the world, with
the world’s most populous country, $20 billion to reduce its dependence on coal and achieve carbon neutrality ten years ahead of schedule.

The United States, France, Canada and the United Kingdom are among the group of wealthy countries contributing to the investment plan, announced by the White House on Tuesday on the sidelines of the G20 summit of major economies on the Indonesian island of Bali.

It follows a $98 billion deal for South Africa, Africa’s leading industrial power.

This agreement will allow Indonesia to advance its carbon neutrality goal by ten years to 2050.

The financing obtained over a period of three to five years is shared equally between the public and private sectors, in the form of grants, credit guarantees or private investments.

The principle of this mechanism was launched on Monday at a ceremony in Bali.

It had been presented by the Indonesian Minister of Finance Sri Muliani Indrawati as “an extraordinary step” sending “a very strong signal not only in the Pacific but in the whole world”.

“Indonesia is home to nearly 300 million people, tens of millions of whom are at risk of natural disasters due to climate change, especially those living in low-lying areas” in this archipelago of 17,000 islands, she stressed during the ceremony.

She said she hoped that her country could thus “accelerate the transition to renewable energy”, anticipating the closure of coal-fired power plants, while acknowledging that this was “not easy”, particularly because of the costs.

According to her, the Indonesian government has identified several coal-fired power plants that can be shut down with a total capacity of 15 gigawatts.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Coal Lawsuit: BlackRock Warns on U.S. Energy Independence

Financial giant BlackRock highlights economic and strategic risks linked to an antitrust procedure backed by Washington, targeting major asset managers accused of conspiring to reduce coal production in the United States.
Adani Power will supply 1,500 MW to Uttar Pradesh through an ultra-supercritical coal power plant built under the DBFOO model, at a tariff of Rs 5.383 per unit.
Adani Power will supply 1,500 MW to Uttar Pradesh through an ultra-supercritical coal power plant built under the DBFOO model, at a tariff of Rs 5.383 per unit.
A satellite analysis led by Ember and Kayrros shows that methane emissions from Australian mines are 40% higher than official reports, revealing significant gaps in the current coal sector monitoring.
A satellite analysis led by Ember and Kayrros shows that methane emissions from Australian mines are 40% higher than official reports, revealing significant gaps in the current coal sector monitoring.
Donald Trump issues several executive orders aimed at reducing regulations on the U.S. coal industry, addressing economic expectations from coal-producing states while securing national energy supply.
Donald Trump issues several executive orders aimed at reducing regulations on the U.S. coal industry, addressing economic expectations from coal-producing states while securing national energy supply.

Zambia and Zimbabwe restart coal-fired power plants despite global decline

Backed by Chinese funding, Zambia and Zimbabwe are reviving coal projects in contrast to international energy sector trends.
New coal-fired electricity capacity added in 2024 dropped to 44 GW, driven mainly by China and India, according to a report released on Thursday.
New coal-fired electricity capacity added in 2024 dropped to 44 GW, driven mainly by China and India, according to a report released on Thursday.
Finnish energy company Helen has halted operations at the Salmisaari plant, the country’s last coal facility, halving its carbon dioxide emissions in one year.
Finnish energy company Helen has halted operations at the Salmisaari plant, the country’s last coal facility, halving its carbon dioxide emissions in one year.
An independent study suggests that the Hail Creek mine may emit up to eight times more methane than reported in Glencore's official disclosures.
An independent study suggests that the Hail Creek mine may emit up to eight times more methane than reported in Glencore's official disclosures.

Eskom adds 800 MW to South Africa’s grid with Kusile Unit 6

Eskom has connected Unit 6 of the Kusile coal-fired power station, adding 800 MW to the national grid amid efforts to stabilise electricity supply in South Africa.
The Indian government presents a project to create a coal exchange for the domestic market, a measure aimed at improving transparency and regulating the local coal market.
The Indian government presents a project to create a coal exchange for the domestic market, a measure aimed at improving transparency and regulating the local coal market.
The United States has announced its withdrawal from the Just Energy Transition Partnership with South Africa, thereby reducing the country’s international financial commitments in its gradual exit from coal.
The United States has announced its withdrawal from the Just Energy Transition Partnership with South Africa, thereby reducing the country’s international financial commitments in its gradual exit from coal.
Indonesia sets a floor price for coal to strengthen its control over domestic prices and influence international markets. This new strategy will take effect on March 1, 2025.
Indonesia sets a floor price for coal to strengthen its control over domestic prices and influence international markets. This new strategy will take effect on March 1, 2025.

Indonesia: Growing Dependence on Coal Undermines Climate Commitments

Indonesia continues to strengthen its dependence on coal, jeopardizing its greenhouse gas emission reduction commitments. This paradox is highlighted in a recent report, emphasizing the tension between environmental goals and economic realities.
Australian mining giant BHP saw its net profit multiply fivefold, reaching $4.4 billion, despite an 8% drop in revenue. Sustained demand and signs of recovery in China strengthen its outlook.
Australian mining giant BHP saw its net profit multiply fivefold, reaching $4.4 billion, despite an 8% drop in revenue. Sustained demand and signs of recovery in China strengthen its outlook.
In 2024, China began building new coal power plants, a decision that threatens its goal of reaching peak carbon emissions by 2030, according to a report published by the Centre for Research on Energy and Clean Air (Crea) and Global Energy Monitor (GEM).
In 2024, China began building new coal power plants, a decision that threatens its goal of reaching peak carbon emissions by 2030, according to a report published by the Centre for Research on Energy and Clean Air (Crea) and Global Energy Monitor (GEM).
By the end of 2024, coal's share in Australia's electricity generation dropped below 50%, a historic first, thanks to the surge in solar energy production.
By the end of 2024, coal's share in Australia's electricity generation dropped below 50%, a historic first, thanks to the surge in solar energy production.

Ukraine Offers Coal to Address Energy Crisis in Transnistria

In the midst of prolonged tensions with Russia, Ukraine offers to provide free coal to Transnistria, a pro-Russian region of Moldova, to alleviate an energy crisis worsened by the cutoff of Russian gas supplies.
The Pokrovsk mine, Ukraine's sole coke producer, closes under Russian military pressure. This decision threatens the steel industry, the economy, and Ukraine's strategic logistics.
The Pokrovsk mine, Ukraine's sole coke producer, closes under Russian military pressure. This decision threatens the steel industry, the economy, and Ukraine's strategic logistics.
As coal reaches a historic peak in 2024, renewable energy reshapes global dynamics. In China, where one-third of the world’s coal is consumed, the energy transition remains a pivotal factor for the sector's future.
As coal reaches a historic peak in 2024, renewable energy reshapes global dynamics. In China, where one-third of the world’s coal is consumed, the energy transition remains a pivotal factor for the sector's future.
China confirms its central role in the Asian coal market with a forecast of 330 million tons of coal imports in 2025, according to an Australian report.
China confirms its central role in the Asian coal market with a forecast of 330 million tons of coal imports in 2025, according to an Australian report.

Global coal demand reaches record in 2024 but stabilizes until 2027, says IEA

Global coal demand peaked at 8.77 billion tons in 2024. Thanks to the rise of renewable energy, it is expected to stabilize by 2027, according to the International Energy Agency (IEA).
In China, Harbin Electric Corporation inaugurates a 660 MW ultra-supercritical coal-fired CFB boiler, blending technological innovation and ecological management. A project that raises questions as coal declines globally.
In China, Harbin Electric Corporation inaugurates a 660 MW ultra-supercritical coal-fired CFB boiler, blending technological innovation and ecological management. A project that raises questions as coal declines globally.
China's coal imports increased by 19% in November compared to October, reaching nearly 55 million tons. This growth is driven by stable supply from long-term contracts, despite muted spot demand.
China's coal imports increased by 19% in November compared to October, reaching nearly 55 million tons. This growth is driven by stable supply from long-term contracts, despite muted spot demand.
President Prabowo Subianto commits to eliminating coal power plants by 2040, marking an unprecedented ambition. This radical shift poses significant technical and financial challenges as the country remains heavily reliant on coal.
President Prabowo Subianto commits to eliminating coal power plants by 2040, marking an unprecedented ambition. This radical shift poses significant technical and financial challenges as the country remains heavily reliant on coal.

Advertising