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Southeast Asia’s largest economy classifies new and existing coal-fired power plants as “green” or deems them eligible for transition funding, according to a report released on Wednesday.
Coal-fired power plants selected for early retirement through multilateral fossil fuel phase-out mechanisms, such as the Justice Energy Transition Partnership (JETP), are classified as “green” based on the traffic light system used by Indonesia’s sustainable finance taxonomy” or classified as “green.” Meanwhile, coal-fired power plants that supply local power to industrial plants that will be operational in 2030 are classified as “amber,” Indonesia’s coding for transition activities in its taxonomy.
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Oficina Barcelona
C. Roger de Llúria, 113 4º
08037 Barcelona
93 004 75 17
info@empresaclima.org