Making financing fair and just

Civil society, financial institutions and governments need to work together to ensure a green and inclusive economy.

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The story of the Cirebon 1 coal power project is symptomatic of the obstacles in Indonesia’s coal phase-out plan. As the first pilot for the Asian Development Bank (ADB)’s Energy Transition Mechanism (ETM), Cirebon 1 may be decommissioned 10 to 15 years earlier than planned, but its environmental and social impacts remain unaddressed, while a new plant is being built nearby.

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8 March 2022

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