Analysts called on China to finance Indonesia's energy transition China and Japan have sponsored large-scale development of the coal industry in Indonesia, which, according to experts, does not have enough funds to implement its plan to achieve zero emissions, according to the South China Morning Post. Of the 31.9 gigawatts of coal-fired power plants in operation in Indonesia, about 41 percent were sponsored by Chinese organizations and about 17 percent by Japanese organizations, according to a study published in November by the Institute for Energy Economics and Financial Analysis (IEEFA). In addition, just over half of the 13.8 gigawatts of coal projects under development received financial assistance from Japan or China. Excessive expansion of coal production over the past 15 years has resulted in a 50-60 percent surplus in generating capacity at Indonesia's main state-owned electricity company, Perusahaan Listrik Negara, as IEEFA analysts Elrika Hamdi and Putra Adhiguna pointed out
