鈥楽anctions could accelerate green energy transition鈥�
Leaders of the world鈥檚 richest economies meeting at the G20 summit in Bali have launched a new 鈥楯ust Energy Transition Partnership鈥� (JETP) with Indonesia, which aims to help the nation transition away from fossil fuels towards renewable sources. Indonesia is the second country to launch a JETP. The first was South Africa at COP26, in Glasgow last year.
Patrick Bond is a political economist at the University of Johannesburg. He told Newsday: 鈥淚t鈥檚 really a power struggle鈥t鈥檚 still some of the biggest companies in fossil fuels in the world, some of them based in London鈥ho are still holding us back鈥 think the only thing that might help is鈥limate sanctions, essentially hitting these very carbon intensive exports and putting on a penalty.鈥�
(Picture: A pile of coal in front of the coal-fired Duvah power plant operated by Eskom in Mpumalanga, South Africa. Credit: Mujahid Safodien / AFP via Getty Images.)
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