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U.S. President Joe Biden and Indonesian President Joko Widodo will announce a local weather finance deal offering $20 billion (¥2.78 trillion) to assist Indonesia pivot away from coal energy.
The funding deal, brokered between the U.S., Indonesia and Japan, is ready to be outlined Tuesday on the sidelines of the Group of 20 summit in Bali, following greater than a 12 months of talks. It’s the largest single local weather finance transaction ever, in line with a senior U.S. Treasury Division official.
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