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View all search resultsDeveloping Indonesia’s battery industry is expected to remain a challenging task, as the industry is still beset with a lack of regulation and an unclear path forward, which many fear could hamper the country’s electric vehicle (EV) ambitions.
The Just Energy Transition Partnership (JETP) Secretariat, tasked with implementing a US$20 billion global effort to reduce carbon emissions in Indonesia, has made its investment plan available for public review.
The decision means Jakarta will not lay out a path to shut the so-called captive coal power plants in its comprehensive investment and policy plan (CIPP) that it needs to secure $20 billion in funding pledged under the Just Energy Transition Partnership (JETP).
The documents reveal for the first time the breakdown of the $15.5 billion pledge that G7 countries and partners made in December to help the Southeast Asian manufacturing hub and heavy coal user reach net-zero emissions by 2050.
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