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Regulation: G20 Fossil Fuel Developments
November 18, 2022In addition to COP27, a G20 summit also took place this week in Bali, Indonesia, where ten nations and the EU jointly announced a “just energy transition partnership” (JETP) for Indonesia. The JETP for Indonesia also has support from the EU, individual EU governments and member banks of the Glasgow Financial Alliance for Net Zero. Initially, $20 billion has been pledged to assist Indonesia phase out coal, which currently supplies 60% of the country’s electricity production.
