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Indonesia Just Energy Transition Partnership
The Indonesia Just Energy Transition Partnership is a 20 billion dollar agreement to decarbonise Indonesia's coal-powered economy, launched on 15 November 2022 at the G20 summit. This Just Energy Transition Partnership comes after the first such agreement, the South Africa JET-IP was announced in 2021 as a partnership with Germany, France, the UK and US. The agreement with Indonesia involves all G7 countries as partners, including Canada, Italy and Japan. It also includes Denmark and Norway. The JETP aims to develop a comprehensive investment plan (the JETP Investment and Policy Plan) to achieve Indonesia's decarbonisation goals. Under the JETP, Indonesia aims to reach net-zero emissions of greenhouse gases from electricity production by 2050, bringing forward its target by a decade, and reach a peak in those emissions by 2030. According to two think tanks, the $20bn allocated under the programme are insufficient for these goals. On the sideline of the same conference, the Asian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2022 G20 Bali Summit
The 2022 G20 Bali summit ( id, Konferensi Tingkat Tinggi G20 Bali 2022) was the List of G20 summits, seventeenth meeting of G20, Group of Twenty (G20), which was held in Nusa Dua, Bali, Indonesia on 15–16 November 2022. Indonesia's presidency began on 1 December 2021, leading up to the summit in the fourth quarter of 2022. The presidency handover ceremony was held as an intimate event, in which the G20 presidency gavel was transferred from Prime Minister of Italy, Italian Prime Minister Mario Draghi to President of Indonesia, Indonesian president Joko Widodo at the close of the 2021 G20 Rome summit, Rome summit. Background Initially, Indonesia was slated to host the G20 Summit in 2023. However, as Indonesia will also hold the Chairmanship of ASEAN in 2023, India which was slated to hold the summit in 2022 agreed to exchange presidency timings with Indonesia. “Indonesia will hold the G20 Presidency in DEC 2022 while India will hold the Presidency a year after,” said Retno. Ind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Just Energy Transition Partnership
A Just Energy Transition Partnership (JETP) is a financing cooperation mechanism to help a heavily coal-dependent emerging economy make a just energy transition The energy transition is the process of downshifting fossil fuels and re-developing whole systems to operate on low carbon energy sources. More generally, an energy transition is a significant structural change in an energy system regarding ... away from coal. Countries Indonesia Senegal This was announced in 2023. South Africa Vietnam This was announced in 2022. References {{reflist Finance Coal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Africa Just Energy Transition Investment Plan
The South Africa Just Energy Transition Investment Plan (JET-IP) is a $8.5bn deal to help South Africa (ZA) decarbonise its economy, struck at COP26 in 2021. This Just Energy Transition Partnership is a cooperation between the governments of ZA, France, Germany, the United Kingdom, the United States and the European Union. It aims to help South Africa achieve the goals set out in its nationally determined contribution to the Paris Agreement, and prevent emissions of 1 to 1.5 gigatonnes of greenhouse gas emissions. The South African JETP was a model for a subsequent similar agreement on coal power in Indonesia, known as the Indonesia Just Energy Transition Partnership. Alongside the main JETP, there are two other international agreements to accelerate the retirement of coal power plants in South Africa. The others are: * The Eskom Just Energy Transition Project, a $497 million project to support Eskom, South Africa's public utility, to decommission the Komati Power Station. It was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian Development Bank
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field offices around the world to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. From 31 members at its establishment, ADB now has 68 members. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public. The ADB-Japan Scholarship Program (ADB-JSP) enrolls about 300 students annually in academic institutions locate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cirebon Steam Power Plant
The Cirebon Steam Power Plant ( id, Pembangkit Listrik Tenaga Uap Cirebon) is a 660 MW coal-fired power plant developed by PT Cirebon Electric Power (CEP) in the Kanci area to the southeast of Cirebon, Indonesia. The first unit of the plant was launched in mid October 2012.Amahl S. AzwarCirebon power plant on stream for Java and Bali' ''The Jakarta Post'', 19 October 2012. The reported cost of the plant was around $US 850 million. Construction began in 2008 and was substantially completed, a little behind time, in mid-2012. Sales from the plant to the Indonesian state-owned electricity company Perusahaan Listrik Negara (PLN) began o27 July 2012 CEP is one of the various independent power producers (IPPs) in Java. It is a joint venture between four companies: Japan-owned Marubeni Corporation which owns the largest stake (32.5%), Korea Midland Power Co (27.5%), South Korean company Samtan Co Ltd (20%) and the Indonesian listed firPT Indika Energy(20%). The first unit of the pla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2022 In Indonesia
The year was defined by the invasion of Ukraine in late February, which greatly affected the country's economy and sparked surges in prices of multiple commodities. The invasion also contributed to the cooking oil crisis that swept through the country from April to May and prompted the government to raise the prices of fuel, causing protests from the public. The conflict in Ukraine eventually overshadowed the G20 Bali Summit in November. Politically, the year was also marked by multiple landmark cases. In January, the government announced that the new Indonesian capital would be named as Nusantara. In February, the government passed the Law on State Capital, acknowledging the current relocation of Indonesia's capital city from Jakarta and establishing Nusantara as the new capital of Indonesia. In April, the government passed the sexual violence bill, hailed by activists as a major progress in Indonesia. In June, President Joko Widodo reshuffled his cabinet for the third time ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
