Indonesia considers labelling green financing for coal-fired power plants that supply EV battery makers

Indonesia considers labelling green financing for coal-fired power plants that supply EV battery makers

FILE PHOTO: Smoke and steam billows from the coal-fired power plant owned by Indonesia Power, next to an area for Java 9 and 10 Coal-Fired Steam Power Plant Project in Suralaya, Banten province, Indonesia, July 11, 2020. Picture taken July 11, 2020. REUTERS/Willy Kurniawan/File Photo

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, drawing criticism from environmentalists.