Indonesia advances early closure of coal plant under ADB’s energy transition effort involving Pakistan
DUBAI: Indonesia and the Asian Development Bank have agreed a provisional deal with the owners of the Cirebon-1 coal-fired power plant to shutter it almost seven years earlier than planned, a principal energy specialist for climate change at the ADB told Reuters.
The deal, announced during the COP28 climate talks in Dubai on Sunday, is the first under the ADB’s Energy Transition Mechanism (ETM) program, which aims to help countries cut their climate-damaging carbon…
