Indonesia has watered down plans to shut coal-fired power plants early after expressing disappointment at wealthy nations’ offers to help them do so.
At the G20 summit on the island of Bali last December, Indonesia and a group of rich countries and banks announced a $20 billion deal to move the Southeast Asian nation from coal to clean energy.
But this announcement left a lot of the details vague. Since then, Indonesia has been pushing for the funders to provide grants instead of loans, which add to the country’s debt burden.
Yesterday, Indonesia published its investment plan which revealed that some of its climate commitments had been watered down.
The reason is that the funding made available by international partners was not adequate, according to Fabby Tumiwa, director of the Institute for Essential Services Reform (IESR) and part of a working group advising the Indonesian government.
“I am disappointed because we expected the plan could be aligned with Paris Agreement targets”, Tumiwa told Climate Home. “This pushes the JETP further away from that”.
Targets watered down
A draft plan seen by Climate Home in August said Indonesia would retire a sixth of its coal-fired power plant capacity by 2030.
But that target was dropped from yesterday’s final version. Instead, Indonesia now plans to start shutting down coal plants before their scheduled closure no earlier than 2035.
Meanwhile, it plans a massive scale-up of renewables and a reduction of the capacity of existing coal plants in order to get to its 2030 emission reduction target.
In September, an Indonesian government official told Reuters: “It is very clear that they [Western nations] are not eager to provide financing for early retirement”.
The government has also dropped a target to peak its power sector’s emissions at 290 million tonnes of carbon dioxide by 2030.
Captive plants headache
While the new target of 250 million tonnes looks more ambitious, Tumiwa said it is less so because it excludes coal power plants known as captive.
These are power plants that do not provide general electricity to the public but power specific industries like Indonesia’s fast-expanding nickel sector.
The blueprint unveiled this week excludes these so-called captive plants from its calculations altogether, as “more work is required to develop a viable decarbonization plan” for them, the document says.
Rich nations offer loans not grants for Vietnam’s coal transition
This issue, which delayed the publication of the plan in August, has been complicated by the use of wrong assumptions in the modelling for the targets agreed upon last year when the deal was first announced.
“The number of captive plants is way higher than what it previously thought”, said Tumiwa.
The consequence is that reaching the headline emission peaking target promised in the original commitment is “extremely difficult”, as the document now acknowledges.
“Indonesia’s power sector, accounting for the full extent of off-grid captive power, is likely to exceed this target”, it concluded.
Loans not grants
Despite Indonesia’s complaints, the investment plan reveals that the vast majority of the finance is in the form of loans and grants make up just 2.5% of the money.
About three-fifths of the money are loans on better than commercial terms while the rest is bank guarantees and ordinary loans at commercial interest rates.
The US is the biggest funder but its finance is dominated by commercial loans and a multilateral development bank guarantee.
The European Union and European nations like France, Germany – as well as Canada – are providing grants and concessional loans.
The investment plan is subject to public consultation so is not completely final.
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Indonesia delays coal closure plans after finance row with rich nations
Climate Change
COP31’s electrification pledge wins support, with caveats on clean power and finance
More than a dozen countries, including Germany, South Korea, Pakistan and several small island states, have publicly backed the Turkish COP31 presidency’s flagship electrification pledge.
The voluntary pledge aims to raise electricity’s share of global final energy consumption to 35% by 2035, from 23% currently, but does not specify how that electricity should be generated.
The COP31 presidency is not expected to publish a full list of backers until next week, as it continues to rally support. But at least 14 countries have publicly endorsed the pledge, according to a Climate Home News analysis of speeches and official statements.
Alongside COP31 co-host Australia and COP32 host Ethiopia, they include Germany, Norway, Finland, South Korea, Pakistan, Zimbabwe, Eswatini, Togo and Liechtenstein, as well as the small island states of Palau, Seychelles and the Solomon Islands.
The European Union is widely expected to join the pledge this week, although member states still need to formally approve the decision, Politico reported. On Wednesday, President Ursula von der Leyen supported the pledge in her personal capacity and encouraged others to do the same.
Major economies still on the fence
Other major economies have welcomed COP31’s focus on electrification while stopping short of endorsing the pledge.
British Prime Minister Andy Burham said on Thursday that he was proud to support the summit’s focus on electrification. He said it matters for energy security, for creating good jobs in clean energy and manufacturing, and for lowering people’s bills.
Brazil’s environment minister João Paulo Capobianco ssaid on Thursday that electrification was “an important front” in climate action, but warned it should not be pursued “for the sake of it”. It should instead serve as a means of improving efficiency and cutting emissions. He said Brazil would work with the Turkish proposal and suggest adjustments to allow “specific solutions” that reduce emissions, without giving details.
Saudi Arabia was more openly sceptical. Energy minister Prince Abdulaziz bin Salman told the leaders’ summit that emissions reduction is “what unites us”, “not necessarily the track to achieving it”. “The expansion of electrification does not necessarily mean cutting emissions, so long as we do not consider the sources of its production,” he said, adding that countries’ choices must be respected.
Clean power strings attached
Many of the nations formally backing the initiative have attached some strings to their support. At a high-level roundtable on Wednesday, the low-lying Pacific island nation of Palau said it would sign on to the pledge. But it added that electrification “must not become a substitute or a distraction” from the chief goal of transitioning away from fossil fuels.
Seychelles also endorsed the pledge but added that it must be connected with cleaner electricity. “Electrifying more activities while continuing to burn fossil fuels will not deliver the full economic or climate benefits,” the country’s representative told the roundtable.


Australia’s climate and energy minister Chris Bowen, whose country is co-leading the pledge with Türkiye, has defended its design. “Electrification is almost always a good thing,” he told the Outrage and Optimism podcast recently. He argued that switching to an electric car cuts emissions by 60% even on a coal-fired grid, and by 90% when powered by solar.
Doug Arent, senior fellow at the WRI Polsky Center for the Global Energy Transition, said the most important thing “is that there is significant support for the concept of electrification”. He expects more countries to “recognise their pathway to be behind the 35 by 35” in the coming years.
Calls for finance
Other developing countries backing the pledge have underlined the critical importance of access to finance. Pakistan’s Prime Minister Shehbaz Sharif showed off his country’s people-led boom in rooftop solar and growing rollout of electric vehicles. But he added that “momentum without finance cannot be sustained,” and said the burden of new technologies cannot fall on countries already in debt.
Zimbabwe backed the pledge but warned of the high capital costs and financial bottlenecks facing developing countries. Its representative proposed a global electrification investment facility that would provide first-loss guarantees for projects under Mission 300, an initiative to connect 300 million people in Sub-Saharan Africa to electricity by 2030.
The Solomon Islands, another supporter of the pledge, asked for a dedicated finance access window for small island nations and least developed countries (LDCs).
Tuesday saw the launch of a global finance coalition backed by COP31 host Türkiye and COP32 host Ethiopia aimed at supporting clean electrification in developing countries.
Closing the roundtable, Türkiye’s energy minister Alparslan Bayraktar, who chaired the session, claimed the 35×35 pledge had found broad support worldwide. He called for a “smart” energy transition that draws on all available technologies, including carbon capture, use and storage.
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COP31’s electrification pledge wins support, with caveats on clean power and finance
Climate Change
Albanese must deliver credible action to end fossil fuel chokehold, not just rhetoric
ANTALYA,Türkiye, Thursday 12 November 2026 — In response to Prime Minister Albanese’s COP31 Leaders’ Summit address, Shiva Gounden, Head of Pacific at Greenpeace Australia Pacific, speaking from Antalya said:
“Prime Minister Albanese’s COP31 address was full of nice rhetoric, but once again failed to confront or even mention the root cause of the climate crisis — fossil fuels.
“In Antalya, UN climate chief Guterres told leaders to “tell the truth”. The truth is Australia can not credibly talk about its clean energy transition while continuing to expand the industry it needs to leave behind. Australia must reckon with reality; its damning track record of 38 coal and gas approvals since it took office in 2022.
“We meet in Antalya amidst a global energy shock and dire projections of 1.5°C overshoot. Overshoot means something in the Pacific — it means irreversible harm, lives and cultures lost forever, entire nations at stake. We must face the fierce urgency of now.
“Never before has the need to end the fossil fuel chokehold been so abundantly clear, as our Pacific communities again suffer the consequences of a global economy hooked on coal, oil and gas. The Pacific needs credible roadmaps and clear timelines to unhook from fossil fuels — Australia can’t keep saying implementation and not reflect it with credible action.”
ENDS
COP31 images and video available here in Greenpeace Media Library
Media contact: Kate O’Callaghan in Antalya (GMT+3) on +61 406 231 892 (Whatsapp/Signal)
Albanese must deliver credible action to end fossil fuel chokehold, not just rhetoric
Climate Change
COP31 Bulletin Day 4: Burnham speaks with UK climate policy under fire
A second set of world leaders give their speeches on Thursday before heading out of town and leaving their negotiators to it. After around 40 leaders spoke on Wednesday, today there will be just 25 or so including the UK’s Andy Burnham, Venezuela’s Delcy Rodriguez and Bangladesh’s Tarique Rahman.
But Brazil’s President Lula is still there and is expected to keep grabbing headlines, along with California’s Governor – and maybe next US president – Gavin Newsom – and Swedish climate activist Greta Thunberg who has lost none of her star power, if the crowd around her in the press centre was anything to go by.
We’ll bring you highlights through the day on issues ranging from finance to methane, and update you on a pledging event for the Pacific Resilience Facility, which the climate-vulnerable region is relying on to keep small island nations as safe as possible in the face of intensifying storms, drought and sea level rise.

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COP31 Bulletin Day 4: Burnham speaks with UK climate policy under fire
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