Accelerating Coal Transition (ACT) Indonesia Country Investment Plan (IP) Project Dates: January 2022 - December 2024
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PROJECT OBJECTIVE

the Climate Investment Funds (CIF) established the Accelerating Coal Transition (ACT) Program to support developing countries that are heavily reliant on coal to accelerate the transition away from coal to renewable energy (RE) while ensuring a holistic, integrated, socially inclusive, and gender-equal transition. The program is structured around three pillars of governance, people and communities, and infrastructure.

 

PROJECT DESCRIPTION

This ACT Investment Plan (IP), developed by the Government of Indonesia (GoI) in collaboration with the Asian Development Bank (ADB) and the World Bank Group (WBG), is a business plan that identifies potential areas for ADB and WBG investment and support to initiate the accelerated retirement and repurposing of coal-fired power plants (CFPPs) and mines, and financing of clean energy alternatives. The IP is designed to proactively address associated challenges linked to the energy transition as it applies to national strategies, people and communities, and land and infrastructure.


SECTORS OR AREAS OF WORK
  1. Climate finance

Region/Location

BUDGET

USD 1,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. ADB - Asian Development Bank
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. None
BUDGET

USD 1,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. ADB - Asian Development Bank
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. None