Indonesia, ADB Accelerate Climate Fight: Cirebon-1 Coal Plant to Close in 2035
Indonesia and the Asian Development Bank (ADB) have struck a significant deal to accelerate the fight against climate change. They've agreed to close the Cirebon-1 coal-fired power plant in 2035, seven years ahead of schedule. This marks the first deal under the ADB's Energy Transition Mechanism (ETM) programme.
The Cirebon-1 plant, operational since 2012, was initially slated to run until 2042. Its early closure, facilitated by the ETM, will prevent over 15 years' worth of greenhouse gas emissions. This deal aligns with the $20 billion Just Energy Transition Partnership, aiming to cut climate-damaging carbon emissions.
The ADB, led by a Senior Energy Specialist in the Sustainable Development and Climate Change Department, is focusing on decarbonizing hard-to-abate sectors in Southeast Asia. Countries like the Philippines and Uzbekistan have also received support for renewable energy and transition finance. The ADB hopes to replicate this success in other countries, including Kazakhstan, Pakistan, the Philippines, and Vietnam.
The Indonesia-ADB deal signals a significant step towards a cleaner energy future. By closing the Cirebon-1 plant early, they aim to reduce emissions and support the broader Just Energy Transition Partnership. The ADB plans to build on this success, replicating the deal in other nations to accelerate the global fight against climate change.
Read also:
- Republicans advocate Trump's domestic policy plans in Iowa, though some business owners remain skeptic
- Global carbon emissions could lead to a resurgence in coal usage, warns industry analyst
- International discussions on plastic waste management might be shaped by China pledging to reduce plastic production levels.
- Procedure for Granting the Contract Has Been Instigated by the Commission
