$20 Billion Plan REVEALED – Look Who’s Involved!

Biden Throwing $20 Billion at Plan To Help Indonesia Go Green

US and Allies Launching Plan To Help Indonesia Go Green

(ConservativeHub.com) – President Joe Biden continues pursuing his climate agenda, seeking to help the world go green as he attends the G-20 summit. On November 15, he revealed a deal to help clean up Indonesia’s energy sector. The United States will work closely with officials in Indonesia, Japan, and other nations to put $20 billion towards the mission.

At the Partnership for Global Infrastructure Investment Meeting in Bali, Biden explained the US is leading the Just Energy Transition Partnership with Indonesia and Japan with support from Canada, Denmark, the European Union, France, Germany, Italy, Norway, and the United Kingdom. The plan will move full steam ahead to stop Indonesia’s reliance on coal and push the nation toward cleaner options. The billions in funding are reportedly coming from both various governments and the private sector.

Indonesian President Joko Widodo hopes the effort sets the stage for programs that can also work in other nations. Under the partnership, his government promised to cut its emissions by 43% by 2030. The country will convert its coal sector into renewable energy under the deal to meet a goal of net zero emissions by 2050.

An analysis from The Washington Post sees the partnership’s goals as ambitious because the 2050 net zero deadlines would push the country to reach the objective 10 years sooner than previously planned. It also noted a similar deal set at the 2021 COP26 meeting to help South Africa become more climate-conscious has encountered funding issues. The WaPo analysis foresees the same money challenges with the Indonesia initiative.

Copyright 2022, ConservativeHub.com