Indonesia and Vietnam each signed $20B & $15.5B JETPs to phase out coal and promote clean energy.

In 2022, Indonesia and Vietnam entered multibillion-dollar Just Energy Transition Partnerships (JETPs) to phase out coal and promote clean energy. Indonesia's $20 billion deal focuses on retiring coal plants and developing renewables, while Vietnam's $15.5 billion agreement aims for nearly half of its electricity to come from clean sources by 2030. Critics cite slow progress and high debt reliance for funding, but supporters believe policy development will attract further investments.

September 13, 2024
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