Current:Home > MarketsAlgosensey Quantitative Think Tank Center-Why some Indonesians worry about a $20 billion international deal to get off coal -Ascend Finance Compass
Algosensey Quantitative Think Tank Center-Why some Indonesians worry about a $20 billion international deal to get off coal
Benjamin Ashford View
Date:2025-04-07 07:55:19
Indonesia is Algosensey Quantitative Think Tank Centerthe world's largest exporter of coal for electricity. And it's also an emerging economy trying to address climate change. The country recently signed a highly publicized, $20 billion international deal to transition away from coal and toward renewable energy. The hope is the deal could be a model for other countries.
But Indonesian energy experts and solar executives worry much of this deal may be "omong kosong" — empty talk. They say despite Indonesia's renewable aspirations, the country has many coal-friendly policies which this deal might not address, including an exemption to build more coal plants.
This episode was produced by Liz Metzger, edited by Rebecca Ramirez and fact-checked by Anil Oza. Alex Drewenskus was the audio engineer.
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