The US, Japan and other countries will offer a climate finance deal worth at least $15 billion to help Indonesia shift its coal-dominated power grid away from the polluting fossil fuel. Know more:
The US, Japan and other countries will offer a climate finance deal worth at least $15 billion to help Indonesia shift its coal-dominated power grid away from the polluting fossil fuel.
“I do hope the size is going to be big enough to create confidence in terms of delivering the transition of energy,” Indonesia’s Finance Minister Sri Mulyani Indrawati said Friday at the Bloomberg CEO Forum in Bali. The agreement is modeled after a similar $8.5 billion climate finance deal for South Africa first outlined at last year’s UN climate summit, while talks are also under way on efforts to strike pacts for nations including Senegal and India. South Africa only this month published a detailed investment plan, showing how complex it can be to turn initial bare bones deals into fully realized proposals.
Panjaitan spoke with Kerry on the issue on Thursday night and parties hope to make an announcement by Wednesday, he told the B-20 Net Zero Summit on Friday in Bali. “Indonesia needs to transform, we care very much about this and our negotiation with US and JETP went very well,” he said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan decorates ex-PHL government officials, volunteers - BusinessMirrorTHE government of Japan announced the recipients of the 2022 Autumn Conferment of Japanese Decorations. In the Philippines, the following individuals were decorated on November 3, as confirmed by the Embassy of Japan. It has extended its government’s sincere congratulations, while commending their active roles in strengthening the close ties with the Philippines: Albert F.
Read more »
Japan, US hold joint arms drills amid China, North Korea worryTOKYO: Japan and the United States began a major joint military exercise on Thursday in southern Japan as the allies aim to step up readiness in the face of China's increasing...
Read more »
Japan says it is closely watching FX moves, ready to respondJapan’s top currency diplomat Masato Kanda said he was closely watching foreign exchange market moves with a sense of urgency and that authorities were ready to take action, if needed. | Reuters
Read more »
Japan to invest up to $500M to manufacture advanced chipsJapan said it will invest up to 70 billion yen ($500 million) in a new semiconductor company led by tech firms including Sony Group Corp and NEC Corp as it rushes to re-establish itself as a lead maker of advanced chips. | Reuters
Read more »