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Rich countries seek coal-to-clean energy deals with Indonesia and Vietnam
REEI 2022/05/18
Wealthy countries are discussing part-funding a transition from coal to renewables in Indonesia and Vietnam, Cop26 president Alok Sharma has hinted.
The UK, France, Germany, US and EU announced a partnership with South Africa in November, under which they invest in renewable energy, electric vehicles and green hydrogen. It targets economic regeneration of coal mining areas to provide green jobs.
Details are still being negotiated, with South Africa pushing for a high proportion of grants or loans on good terms rather than commercial arrangements.
Guest post from Climate Home News