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clean energy dealsABC News
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89% Informative
Indonesia and Vietnam signed multibillion-dollar energy transition deals in 2022 that were heralded as drastic shifts in financing that would enable the coal-dependent countries to pivot to cleaner energy.
Nearly all of Indonesia 's energy needs are currently met by fossil fuels, with 60% coming from highly polluting coal.
Critics say little progress has been made under the deals.
Supporters say stakeholders are now collectively making policies for the first time, which could attract more funding.
Recent policy changes have addressed some of those challenges, including the completion of an $884 million , 500-kilometer-long ( 310-mile ) transmission line from central Vietnam to the northern provinces in about six months .
The deals could be a model for other countries, but limited funding could dissuade other major fossil fuel-dependent countries from signing similar deals.
VR Score
92
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92
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