MCViewPoint

Indonesia needs billions of U.S. dollars in investment to shift away from coal the country doesn’t have. The wealthy international partners in the JETP have pledged half of the $20 billion investment while the other half is expected to come from large banks under the Glasgow Financial Alliance for Net Zero.

These countries sign on to keep the other sweetheart deals coming. They have no intention of spending their own money for climate change. With a little pleading they know the New Green Deal AOCs will eventually pay up, or rather YOU will pay up.

https://www.zerohedge.com/energy/indonesia-delays-20-billion-climate-plan

by Tyler Durden

Authored by Tsvetana Paraskova via OilPrice.com,

Due to disagreements over policy, the cost of funding, and legal hurdles, Indonesia, the largest economy in Southeast Asia, is delaying the start of a $20 billion climate investment plan as part of a deal signed with the United States and other wealthy nations last year.

The investment plan, in its draft, is not expected to be launched until later this year, because it would need unspecified “additional data” to be included, Indonesia said on Wednesday, as carried by Bloomberg.   

At the end of last year, Indonesia, the world’s top coal exporter and heavily reliant on coal for power generation, signed an agreement to launch a Just Energy Transition Partnership (JETP) co-led by the U.S. and Japan and including Canada, Denmark, the European Union, France, Germany, Italy, Norway, and the United Kingdom.

See the rest here

Be seeing you