Biden announces $20B to move Indonesia away from coal

The White House on Tuesday announced a $20 billion plan that it, along with international partners, will launch with Indonesia to transition its reliance off of coal-fired electricity and pursue a green economy.  

Under the “Just Energy Transition Partnership,” the U.S. and Japan will lead a coalition of 10 international partners to help Indonesia’s energy sector through a “mix of grants, concessional loans, market-rate loans, guarantees, and private investments.”

In a statement Tuesday from the G-20 summit in Bali, the White House said G7 nations and “like-minded” allies like Denmark and Norway would “pursue an accelerated and ambitious” energy transition plan for Indonesia that “supports a trajectory that keeps within reach a warming limit of 1.5 degrees C above pre-industrial levels.”