ReadoutU.S. Division of the Treasury September 15, 2022
WASHINGTON – On Thursday, September 15, Local weather Counselor to the Secretary of the Treasury John Morton and Deputy Particular Envoy for Local weather Rick Duke concluded a go to to Jakarta, Indonesia, the place they met with Indonesian counterparts to advance the event of the Indonesia Simply Vitality Transition Partnership. This Partnership seeks to combination finance from accomplice governments with non-public sector finance to speed up Indonesia’s transition to a cleaner power future. Alongside Japanese companions, the Treasury and Particular Presidential Envoy for Local weather (SPEC) delegation mentioned Indonesia’s continued efforts to develop and implement an formidable technique to considerably cut back emissions in its energy sector, together with by transitioning away from coal and in direction of renewables and implementing key reforms that may enable for vital non-public funding within the renewable power market. The delegation emphasised that america, Japan, and different donor nation companions are ready to help such a technique with vital quantities of economic help. The delegation was inspired by the Indonesians’ dedication to understand a transition that drives jobs and innovation, whereas being simply and equitable for these most weak to the transition. Along with conferences with Authorities of Indonesia officers, the delegation held conferences with multilateral improvement financial institution representatives, renewable power builders, and civil society organizations.