Indonesia is on track to secure a clean-energy partnership with rich countries when it hosts a G20 summit in November, obtaining international funding to cut its reliance on coal power and to implement a green and fair transition, energy analysts said.
The multibillion-dollar agreement is expected to help Indonesia retire coal-fired plants early and ramp up investment in renewables, backed by wealthy nations, development and private banks, and philanthropists.
Fabby Tumiwa, head of the Indonesia-based Institute for Essential Services Reform, an energy and environmental think tank, said the deal would be unveiled at the Bali gathering of leaders of the world¡¯s top 20 economies from Nov. 15 to 16.
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