An analysis—a collaboration between Oil Change International and Auriga—finds that loan guarantees for coal projects through 2017 alone could end up costing between $2.1 billion and $4 billion, and could rise as loan guarantees expand beyond 2017. Billions of dollars in additional risk is being created through business variability guarantees and by state-owned enterprises assuming currency risk in new coal power plant contracts.
Indonesia's electricity plans are dominated by dirty coal-fired power plants, which not only create environmental problems, but also create significant financial risks for the Government of Indonesia and for Indonesian electricity consumers. Guarantees and similar policies that benefit coal power plants in Indonesia could result in losses to the Government of Indonesia that reach tens trillions of rupiah - billions of U.S dollars. These financial risks arise from a combination of risk insurance (guarantees) and credit enhancement programs for dirty coal electricity projects.
Jakarta – Anti-Mining Mafia Coalition urged the governors of 31 Indonesian provinces to curb troubled mining permits (IUP) that hasn’t been yet modified as Clean and Clear. The C&C status is mandated in 2015 Ministerial