These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content test

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More

Biden’s New Global Handout Program Is Beyond Insane

Biden’s New Global Handout Program Is Beyond Insane

President Joe Biden as well as Indonesian President Joko Widodo unveiled a climate agreement on Tuesday that will provide Indonesia $20 billion within the next three to five years to pressure the nation to close its coal facilities.

According to a White House fact sheet, the effort is meant to assist Indonesia, the world’s largest coal exporter, with phasing out coal production and transitioning to green energy in order to achieve international targets for decreasing carbon emissions. The International Partners Group, which includes the United States, Japan, and Canada, will spend half of the money, while the remaining half will be given by private financial firms headed by the Glasgow Finance Alliance for Net Zero to speed up Indonesia’s green transformation over a three-to-five-year period.

To move Indonesia away from its coal production, the donors will utilize a combination of subsidies, loans and private investments. The plan will hasten the closure of coal-fired power stations, while investments in proposed coal plants will be channeled towards renewable sources of energy.

According to a 2022 Worldwide Energy Agency report, Indonesia is highly dependent on coal to power its energy-intensive steel industry. According to the Energy Information Administration, coal provided 37% of Indonesia’s energy usage in 2020, whereas renewables contributed 7%.

According to the information sheet, Indonesia will strive to make sure that its power industry emissions plateau by 2030 and achieve carbon neutrality by 2050, pushing its net zero targets ahead by ten years. The country will also strive to have renewable energy responsible for at least 34% of total power generation by 2030.

On November 9, Biden’s climatic change envoy John Kerry declared that the Biden govt. would collaborate with the Bezos Earth Fund as well as the Rockefeller Foundation to provide developing nations with “sellable carbon credits” in exchange for reducing CO2 emissions from their power industry or investing in green energy.

Author: Blake Ambrose

Most Popular

These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More


Most Popular

Most Popular


You Might Also Like

Triggered: Elon Musk’s Daughter Goes Berserk After Trump Victory

Triggered: Elon Musk’s Daughter Goes Berserk After Trump Victory

Elon Musk’s estranged transgender daughter took to social media to declare she’s had it with America after Donald Trump’s…
Meet the ‘Ice Maiden’ – Trump’s First Staff Pick Puts Dems in Meltdown Mode

Meet the ‘Ice Maiden’ – Trump’s First Staff Pick Puts Dems in Meltdown Mode

President-elect Donald Trump has just made history yet again by naming Susan Summerall Wiles as his White House chief of…
Maxine Waters in Full-Blown Hysteria Over Trump’s Return to Power

Maxine Waters in Full-Blown Hysteria Over Trump’s Return to Power

In classic fashion, Rep. Maxine Waters just can’t handle the fact that President-elect Donald Trump is back. Waters, who…
Late-Night Host Goes into Full Meltdown Mode Over Trump’s Victory

Late-Night Host Goes into Full Meltdown Mode Over Trump’s Victory

Jimmy Kimmel went full drama mode during his monologue Wednesday night following…