Asian Development Bank approves $500m loan for Indonesia's clean energy transition and coal reduction.

The Asian Development Bank has approved a $500 million loan to Indonesia to aid its transition to clean energy and reduce reliance on coal. The funding will establish a solid policy framework and enhance governance and financial sustainability in the energy sector. This initiative is part of Indonesia's goal to achieve net-zero carbon emissions by 2060, with support from the G7's Just Energy Transition Partnership.

September 20, 2024
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