Hefty price for climate deal

AN international effort to accelerate the country’s shift away from coal hinges on the availability of low-cost funding for US$20bil (RM90.5bil) – and Jakarta fears there simply isn’t enough.

President Joko Widodo and his US counterpart Joe Biden made headlines last year with their agreement to kick-start the effort to clean up South-East Asia’s largest economy, a deal known as the Just Energy Transition Partnership (JETP) and considered a potential model for other cash-poor, coal-dependent countries.