{"id":106291,"date":"2026-07-15T11:41:29","date_gmt":"2026-07-15T04:41:29","guid":{"rendered":"https:\/\/www.ekuatorial.com\/?p=106291"},"modified":"2026-07-15T11:41:36","modified_gmt":"2026-07-15T04:41:36","slug":"fair-finance-asia-promotes-collaboration-on-energy-transition","status":"publish","type":"post","link":"https:\/\/www.ekuatorial.com\/en\/2026\/07\/fair-finance-asia-promotes-collaboration-on-energy-transition\/","title":{"rendered":"Fair Finance Asia Promotes Collaboration on Energy Transition"},"content":{"rendered":"\n

As geopolitical tension ripples across West Asia, the fractures in Asia\u2019s heavy reliance on fossil fuels are widening. In a scramble for immediate energy security, countries like Indonesia have begun ramping up coal consumption to offset supply disruptions. Yet, behind the closed doors of Jakarta’s high-profile meeting rooms, a different narrative is taking root\u2014one that warns against repeating the catastrophic environmental and social blunders of the past.<\/p>\n\n\n\n

Over 90 civil society organizations (CSOs) from across the continent, united under the Fair Finance Asia (FFA) network, gathered alongside researchers, advocates, and local community representatives for the network’s 2026 General Assembly (GA) in Jakarta. Co-hosted by ResponsiBank Indonesia<\/a>, the week-long assembly has transformed into a critical platform, issuing an urgent call to action for Asian financial institutions, regulators, and governments: stop the flow of capital to fossil fuels, close trans-border policy loopholes, and build a truly just energy transition<\/a>.<\/p>\n\n\n\n

The Illusions of the Green Rush<\/h3>\n\n\n\n

For resource-rich nations in Southeast Asia, the global pivot toward green energy is triggering a new kind of gold rush\u2014this time, for critical minerals.<\/p>\n\n\n\n

“Indonesia sits at the center of the challenges,” said Victoria Fanggidae, Executive Director of the think-tank PRAKARSA. As the world\u2019s largest nickel producer and one of Asia\u2019s most coal-dependent economies, Indonesia has become the ultimate testing ground for whether a “just transition” can exist in reality, or if it remains merely a corporate catchphrase.<\/p>\n\n\n\n

“The rush for critical minerals cannot repeat the mistakes of the coal era,” Fanggidae warned. “If communities living alongside mining and processing sites are not recognized as equal partners, and do not see a fair share of the benefits, we will simply be trading one form of extraction and inequality for another.”<\/p>\n\n\n\n

The warnings are backed by data. To challenge existing financial frameworks, FFA launched a series of flagship reports during the assembly targeting the deep systemic vulnerabilities across Asian supply chains:<\/p>\n\n\n\n