Indonesia and Vietnam face the intricate task of aligning their green aspirations and financial strategies with the existing commitment to numerous coal-powered energy projects.
Indonesia and Vietnam are struggling to align their sustainable energy goals with the economic implications of phasing out coal plants.
Financial aid through the Just Energy Transition Partnership is pivotal, but the effective application of these funds remains a complex task.
The existing and planned coal power infrastructure in these countries complicates their ambitious renewable energy targets.
Key quote:
"Energy transition is a matter of public interest. JETP is one of the initiatives within Indonesia's broader energy transition efforts. Therefore, we would like the public to have access to the draft before it is finalized in the hopes that we may receive as much input as possible."
Indonesia and Vietnam will need to balance their sustainability ambitions and financing with the reality that many of the power systems already approved for construction will be coal-fired.
The urgency for Southeast Asian nations to switch to clean energy to combat climate change is breathing new life into a 20-year-old plan for the region to share power.
A hot spell in Southeast Asia has broken all-time heat records. It comes on the heels of a record-breaking heat wave in Southern Europe and North Africa that scientists say was “almost impossible” without climate change.
Scientists say climate change is a factor behind the erratic and early rains that triggered unprecedented floods in Bangladesh and northeastern India, killing dozens and making lives miserable for millions of others.
