Indonesia and Vietnam to Accelerate Energy Transition with G7-Funded Plans

 

 

Indonesia and Vietnam have unveiled plans to expedite their respective energy transition journeys with the help of funds from the G7 nations. Both countries aim to reduce their reliance on fossil fuels and ramp up renewable energy adoption in order to tackle climate change and achieve their sustainability goals.

 

Indonesia, the world's highest greenhouse gas emitter after China and the United States, plans to use the funding to develop a new energy mix that includes a significant increase in renewable energy sources. The country aims to increase its renewable energy capacity to 23% by 2025, while reducing its coal dependency. The G7 assistance will be instrumental in supporting Indonesia's initiatives and accelerating its energy transition.

 

Vietnam, another rapidly developing country heavily reliant on coal, also plans to use the G7 funding to boost its renewable energy sector. The country aims to increase its renewable energy capacity to 30% by 2030, with a focus on solar and wind power. The financial support provided by the G7 will enable Vietnam to invest in renewable energy infrastructure and technologies, reducing its carbon footprint and mitigating the adverse effects of climate change.

 

This collaboration between Indonesia, Vietnam, and the G7 nations is a crucial step towards achieving global energy transition goals. By supporting these Southeast Asian countries, the G7 nations are not only promoting clean energy development but also fostering international cooperation in combatting climate change.

 

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Note: This article is a rewritten version of the news article linked.