- US duo win Nobel for gene regulation breakthrough
- Masood hits first ton for four years to power Pakistan to 233-1
- Fritz wins delayed match to reach Shanghai Masters third round
- Naomi Osaka pulls out of Japan Open with back injury
- Weather may delay launch of mission to study deflected asteroid
- China to flesh out economic stimulus plans after bumper rally
- Artist Marina Abramovic hopes first China show offers tech respite
- Asian markets track Wall St rally on US jobs data
- Pakistan 122-1 at lunch in first England Test
- Kazakhs approve plan for first nuclear power plant
- World marks anniversary of Oct. 7 attack on Israel
- 'Second family': tennis stars hunt winning formula with new coaches
- Philippines, South Korea agree to deepen maritime cooperation
- Mexico mayor murdered days after taking office
- Sardinia's sheep farmers battle bluetongue as climate warms
- Japan govt admits doctoring 'untidy' cabinet photo
- Israel marks first anniversary of Hamas's October 7 attack
- Darvish tames Ohtani as Padres thrash Dodgers
- Asian markets track Wall St rally on jobs data
- Family affair as LeBron, Bronny James make Lakers bow
- Cancer, cardiovascular drugs tipped for Nobel as prize week opens
- As Great Salt Lake dries, Utah Republicans pardon Trump climate skepticism
- Amazon activist warns of 'critical situation' ahead of UN forum
- Mourners pay tribute to latest victims of deadly Channel crossing
- Tunisia incumbent Saied set to win presidential vote: exit polls
- Phillies win thriller to level Mets series
- Yu bags first PGA Tour win with playoff win
- PSG held by Nice to leave Monaco clear at top of Ligue 1
- AC Milan fall at Fiorentina after De Gea's penalty heroics
- Lewandowski treble for leaders Barca as Atletico held
- Fresh Israeli strikes hit south Beirut
- Sucic stunner earns Real Sociedad draw against Atletico
- PSG draw with Nice, fail to reclaim top spot in Ligue 1
- Gudmundsson downs AC Milan after De Gea's penalty heroics for Fiorentina
- 'Yes' vote prevails in Kazakhstan nuclear plant vote: TV
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- Lewandowski hat-trick powers Liga leaders Barca to Alaves victory
- 'Nothing gets in way of team,' says Celtics' MVP hopeful Tatum
- India maintain Pakistan stranglehold as Windies cruise at Women's T20 World Cup
- 'We will win!': Mozambique's ruling party confident at final vote rally
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Florida braces for Milton, FEMA head slams 'dangerous' Helene misinformation
- Postecoglou slams 'unacceptable' Spurs after 'terrible' loss at Brighton
- Marmoush double denies Bayern outright Bundesliga top spot
- Rallies worldwide call for Gaza, Lebanon ceasefire
- Maresca hails Chelsea's 'fighting' spirit after draw with 10-man Forest
- New 'Joker' film, a dark musical, tops N.America box office
- Man Utd stalemate keeps Ten Hag in danger, Spurs rocked by Brighton
- Drowned by hurricane, remote N.Carolina towns now struggle for water
Indonesia unveils investment plan for $20 bn energy transition pact
Indonesia on Tuesday launched an investment plan to attract $20 billion pledged by Western nations in a renewable energy transition pact agreed last year for the archipelago to slash emissions and wean itself off coal.
The roadmap, which comes less than two weeks before the COP28 summit in Dubai, outlines Jakarta's vision to reach net-zero power sector emissions by 2050 using cash from the Just Energy Transition Partnership (JETP).
Under the Comprehensive Investment and Policy Plan (CIPP), the Southeast Asian nation will seek to slash its carbon dioxide emissions to 250 million metric tons for its on-grid power sector by 2030.
That is down from a previous cap of 290 million.
"The CIPP provides a strategic roadmap for the ambitious energy transition in Indonesia by considering challenges including technical, financial, and social justice," acting minister of maritime and investments, Erick Thohir said during the launch in Jakarta.
"We need to move quickly because 2030 is less than seven years away," he said.
Indonesia also plans to boost its renewable energy generation share to 44 percent by 2030, up from an initial target of 34 percent.
Jakarta has said it would need at least $97.3 billion worth of investments, nearly five times more than the funding promised by the JETP investors, to achieve its target.
The public and private financing for the JETP, released last year, follows a model first trialled in South Africa and then announced for Vietnam and Senegal, with rich countries pledging funds for the developing world's energy transition.
But Jakarta is reportedly unhappy about the deal's proposed mix of financing, worried it will be offered mostly market-rate loans that saddle it with heavy debt.
The United States, Japan, Canada, and six European nations signed the deal with Indonesia -- one of the world's top coal exporters and coal power generators -- to shift it away from its coal reliance.
Indonesia has pledged to stop building new coal-fired power plants but, despite an outcry from activists, it is continuing to build those that were already planned.
It is also trying to position itself as a key player in the electric vehicle market as the world's largest nickel producer, but some industrial parks that host energy-guzzling nickel smelters are powered by coal. Nickel is a crucial component in batteries used for EVs.
The JETP deal has failed to include the captive coal power stations in its calculations, prompting concerns from experts and environmentalists.
Ch.Havering--AMWN