Nearly half of Indonesia’s peatlands are vulnerable to flooding due to degradation from exploitation, with 6 million hectares (15 million acres) – twice the size of Belgium – highly at risk.
Experts say the bonds will attract international investment in China’s green transition, bringing private funding and boosting international climate cooperation.
All 160 MW of proposed plants are for captive use, mostly tied to nickel smelting. The country remains a key coal supplier to the rest of the region, where stalled projects have outpaced new construction, according to Global Energy Monitor.