Quaxs Trading Center-Why some Indonesians worry about a $20 billion international deal to get off coal

2025-05-02 06:04:44source:Zero AIcategory:Markets

Indonesia is Quaxs Trading Centerthe world's largest exporter of coal for electricity. And it's also an emerging economy trying to address climate change. The country recently signed a highly publicized, $20 billion international deal to transition away from coal and toward renewable energy. The hope is the deal could be a model for other countries.

But Indonesian energy experts and solar executives worry much of this deal may be "omong kosong" — empty talk. They say despite Indonesia's renewable aspirations, the country has many coal-friendly policies which this deal might not address, including an exemption to build more coal plants.

This episode was produced by Liz Metzger, edited by Rebecca Ramirez and fact-checked by Anil Oza. Alex Drewenskus was the audio engineer.

More:Markets

Recommend

Ukraine denies Putin claim that Russian forces regained Kursk

The General Staff of the Ukrainian Armed Forces denied Russian President Vladimir Putin's claim Satu

Former NYPD Commissioner Bernard Kerik in discussions to meet with special counsel

NEW YORK, NY - APRIL 06: Former NYC Police Commissioner Bernie Kerik Discusses His B

6 people hit by car in D.C. hospital parking garage

Six people have been hospitalized after they were hit by a car inside a Washington, D.C., hospital p