Fox 5
Summary
The United States, Indonesia and other allies signed a $20 billion deal on Tuesday at the Group of 20 (G-20) summit that will help Indonesia reduce its reliance on coal.
The goal of the agreement, called the Just Energy Transition Partnership (JETP), is to help Indonesia reduce emissions and transition away from fossil fuels to renewable energy. The U.S. and Japan co-led the deal, which was also signed by Canada, Denmark, the European Union, France, Germany, Italy, Norway and the United Kingdom.
Indonesia, which is hosting the G-20 in Bali and is the world’s third-largest producer of coal, will develop an investment plan to achieve new targets, such as establishing a goal to reach net zero emissions in the power sector by 2050. That goal would reduce Indonesia’s net zero power sector emissions target by 10 years.
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