Special Envoy in Sharm el-Sheikh (Egypt)
Twenty billion dollars. That’s the amount rich countries have pledged to help Indonesia switch to renewable energy and shut down coal-fired power plants faster than expected. It’s about “Biggest climate finance deal in history”, reports the American analytical center WRI. In response, Indonesia is committed to ensuring that a third (34%) of its electricity sector is no longer CO emitting2: from the end of the decade.
Its carbon dioxide emissions will then reach 290 million tons instead of the projected 357 million tons. That would put the country’s emissions peaking seven or eight years ahead of its original plan, experts say.
A South African precedent
Although it was announced at the start of the G20 summit in Bali, Indonesia, on November 15, this partnership was heavily commented on at COP27, the global climate change summit held in Sharm el-Sheikh, Egypt. ). Because this “JETP” (Just Energy Transition…
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Source: Le Figaro
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.