In the last-ditch global battle against climate change, China, Japan and South Korea have joined other industrialized nations in promising to reduce their use of fossil fuels.
, which is designed to expand Beijing’s influence through investments in strategic foreign infrastructure projects.
Indonesia, the world’s fourth-most populous nation, has embarked on a major infrastructure expansion under President Joko Widodo, known as Jokowi, wholast month. A total of 16 gigawatts of new coal-based power — nearly the total electricity output of Colombia — is due to be financed by Chinese, Japanese or South Korean banks over the next decade, according to independent estimates.
Indonesian energy ministry officials described the new plants as environmentally friendly because they would adopt technology, known as “ultra-supercritical,” that burns less coal and generates less carbon dioxide. The plants would connect to the Java-Bali grid, which has a nearly 100% electrification rate, according to.
Since the first factories were set up along the coast in the 1980s, Salimuddin, a 44-year-old who has only one name, said villagers have suffered from coughs and respiratory infections. Doosan said the project would be bankrolled by two public financial institutions, the Export-Import Bank of Korea and the Korea Trade Insurance Corp. Together the two lenders have financed more than $10 billion worth of coal projects overseas since 2010, according to Solutions for Our Climate, a South Korean advocacy group.Part of the delay is due to Doosan’s failing financial health.
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