The Conversation
International · 4 hrs ago
✦ 78◉ Centre
Why the world’s most ambitious coal phase-out deal has failed – and what it means for climate finance
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◉ Centre ✓ Fair headline
Indonesia abandoned its commitment to close the Cirebon-1 coal power plant in December 2025, undermining a $21.4 billion international Just Energy Transition Partnership deal launched in 2022 that was intended to help the country phase out coal use.
Why the world’s most ambitious coal phase-out deal has failed – and what it means for climate finance
In December 2025, Indonesia quietly abandoned plans to close the Cirebon-1 coal power plant.
This was no ordinary power plant. Cirebon-1 was supposed to be the centrepiece of a US$21.4 billion (£16.5bn) international deal backed by the US, UK, Japan and the EU to help Indonesia end coal use.
Indonesia’s so-called Just Energy Transition Partnership, or Jet-P, was launched at a G20 summit in Bali in 2022. Similar deals have been struck with South Africa, Vietnam and Senegal. They are widely regar
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