An initial investment plan is due mid-August but government officials say far more money needs to come in at terms the country can live with. Read more at straitstimes.com.
JAKARTA – A US$20 billion international effort to accelerate Indonesia’s shift away from coal hinges on the availability of low-cost funding – and Jakarta fears there simply isn’t enough.
An initial investment plan detailing how Indonesia will green its power supply and cut greenhouse emissions is due mid-August. As of now, though, government officials say far more money needs to come in at terms the country can live with. “There is no issue on our side. The point is, if we get the money with good terms, we proceed. If not, we will go ahead with our own plans.”
But Indonesian officials have expressed concern about just how much would be made up of grants, and where cheaper funding would be allocated. So far, Mr Panjaitan said, he is underwhelmed.
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