JAKARTA: Indonesia's financial regulator (OJK) is considering making coal-fired power plants that supply electricity to electric vehicle battery manufacturers eligible for green financing, its chief said on Tuesday (Sep 5), drawing criticism from environmentalists. OJK chief Mahendra Siregar told reporters
JAKARTA: Indonesia's financial regulator is considering making coal-fired power plants that supply electricity to electric vehicle battery manufacturers eligible for green financing, its chief said on Tuesday , drawing criticism from environmentalists.
Under the same review, the OJK would consider expanding the green label to loans for coal-fired power plants used by industries that make products considered sustainable, such as batteries for electric vehicles, Mahendra said. If adopted, this would relegate Indonesia to the bottom of the pack of global green or sustainable finance taxonomies, the Institute for Energy Economics and Financial Analysis think tank said in a statement.
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