Indonesia's plan for transitioning from coal has lacked clarity. But industry observers say the latest power strategy demonstrates a marked shift from the past, and could create incentives for initiating more clean energy projects in the coming years.
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The 'North Star' for Asia's financial institutions to support decarbonisation is clear and unchanged, despite geopolitical uncertainties and global lenders quitting the industry's biggest climate alliance, said UOB's head of sustainable business.