Coal phase-out draws minimal JETP funding

Delayed agenda: A coal-fired power plant in Suralaya, Banten province. The government is now planning to start retiring coal plants no earlier than 2035, compared to its previous commitment to begin the phaseout by 2030. — Reuters

JAKARTA: Indonesia’s early coal retirement programme has received paltry funding in the Just Energy Transition Partnership (JETP), which experts say indicates how hard it is to persuade donors and financial heavyweights to back the programme.

According to the draft investment plan, only around US$1.5bil of the US$21.5bil total pledged for Indonesia’s JETP is designated for the early retirement and managed phaseout of coal-fired power plants in the country.