BBG: Indonesia delays investment plan for $20bn climate deal

© Elnur

BLOOMBERG reports:

Indonesia has pushed back the launch of a much-anticipated investment plan underpinning a landmark $20 billion climate financing deal struck with US President Joe Biden last year.

Efforts to hammer out the specifics of the Just Energy Transition Partnership, or JETP — which is intended to provide affordable financing to clean up the Southeast Asian nation’s coal-dependent power grid — have been hampered by disagreements over the cost of funds, and by legal and policy tangles.

Half of the $20 billion ...