India, Indonesia and Philippines join coal transition programme
India, Indonesia and the Philippines will join South Africa as the first recipients of a multibillion dollar pilot programme aimed at accelerating their transition from coal power to clean energy, the Climate Investment Funds (CIF) said on Thursday.
The four countries account for 15% of global emissions related to coal, the dirtiest fossil fuel. Cutting their emissions more quickly will help the global effort for net zero carbon emissions by 2050, a key goal of the ongoing United Nations COP26 climate summit in Glasgow, Scotland.
Indonesian Energy Minister Arifin Tasrif said his country was committed to reducing and replacing its coal power plants with renewables in energy transition.
“Climate change is a global challenge that needs to be addressed by all parties through leading by example,” he said in a statement.
The CIF said the Accelerating Coal Transition (ACT) programme was the first to target developing countries, which lack adequate resources to finance the shift away from coal considered vital to limit global temperature rise to 1.5 degrees Celsius (2.7 degrees Fahrenheit) by 2030.
South Africa announced on Tuesday that it would be the first beneficiary.
