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Top related persons:
Quoc Khanh - 2 Fransiska Nangoy - 2 Khanh Vu - 2 they'll - 1 Francesco Guarascio - 1 Robert Birsel - 1 JETP - 1 Tran Hong Ha - 1
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HANOI Indonesia Vietnam INDONESIA Indonesia VIETNAM Hanoi Rights JAKARTA Africa
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Natural Resources - 2 Thomson - 2 REUTERS - 1 Rights - 1 Climate - 1 Asian Development Bank - 1 European Union - 1 Association of Southeast Asian Nations - 1

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2 mentions found


☆ Indonesia, Vietnam energy transition financing under G7-funded plans
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +5 min
South Africa was the first country to reach a deal under the JETP, securing a $8.5 billion financing pledge in 2021. Indonesia secured a pledge of $20 billion and Vietnam $15.5 billion in deals struck in late 2022. Without the plan, Indonesia's greenhouse gas emissions are expected to reach more than 350 million tons in 2030. How would the JETP financing be arranged? G7 donors as well as Norway and Denmark have pledged a total $10 billion public financing for Indonesia while the remaining $10 billion will come from public financing.
Persons: they'll, Quoc Khanh, Fransiska Nangoy, Khanh Vu, Francesco Guarascio, Robert Birsel Organizations: REUTERS, Rights, Climate, Asian Development Bank, Natural Resources, Reuters, European Union, Thomson Locations: Hanoi, Rights JAKARTA, HANOI, Indonesia, Vietnam, Africa, Senegal, INDONESIA Indonesia, Norway, Denmark, VIETNAM, EU
☆ Indonesia, Vietnam energy transition financing under JETP
  + stars: | 2023-09-25 | by ( Fransiska Nangoy Khanh Vu | Fransiska Nangoy | Khanh Vu | ) www.reuters.com   time to read: +5 min
These include power plants built by industrial firms such as nickel smelters for their own consumption. Under JETP, Indonesia is committed to cap and peak power sector's carbon emissions at 290 million metric tons by 2030. How does Indonesia plan to deploy JETP funds? Indonesia also wants JETP to finance the early retirement of some of its coal power plants, however some banks are reluctant to finance these early retirement for fear of being seen as financing coal projects. Indonesia is also considering expanding the green label to loans for coal power plants used by industries that make products considered sustainable, such as batteries for electric vehicles (EV).
Persons: JETP, Quoc Khanh, Tran Hong Ha, Fransiska Nangoy, Khanh Vu, Florence Tan Organizations: Association of Southeast Asian Nations, Natural Resources, Deputy, EV, Marine Spatial, Thomson Locations: JAKARTA, HANOI, Indonesia, South Africa, Vietnam, INDONESIA Indonesia, JETP, VIETNAM
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