Photo by: Bloomberg
South Africa is not alone in seeking to raise funding for its transition from coal to renewables. Indonesia’s State wealth fund signed an agreement this month to help fund the early retirement of a 660 MW coal plant in West Java, the first deal to be made under a newly-set up energy transition fund. Bloomberg reports that Southeast Asia’s largest economy is seeking to raise billions of dollars under the fund to help reduce its dependence on coal, which makes up more than half its national power capacity. Photograph: Bloomberg