Why the world's most ambitious coal phase‑out deal has failed, and what it means for climate finance

Indonesia's so-called Just Energy Transition Partnership, or Jet-P, was launched at a G20 summit in Bali in 2022. Similar deals have been struck with South Africa, Vietnam and Senegal. They are widely regarded as the most ambitious attempt at getting international climate finance to end coal use in populous, coal-dependent middle-income countries.

The UK government once touted the Jet-Ps as "a template on how to support just transition around the world." This refers to efforts to ensure that the phase-out of fossil fuels and phase-in of low-carbon technologies is fair, inclusive and reflects the demands of workers and affected communities.

But if this approach cannot retire a single plant in Indonesia, the world's fourth largest coal consumer, there is reason to question whether the model itself works.

Well, complete failure would tend to indicate it doesn't work.

I don't know enough about it to make an informed scathing comment like I do with the stupidity of BECCS, NetZero, Hydrogen, biofuels and Nuclear but someone else may be able to shed more light ?