Absence of MDB and DFI Did Not Curb Captive Coal: Commercial Banks Replaced Policy Banks After 2019

Indonesian Captive Coal Financing Became Opaquer: Policy Banks Withdrew, Commercial Banks Carried On

Despite Energy Transition Rhetoric, Captive Coal Financing in Indonesia is Deepening its Lock-in

Chinese and Indonesian Companies Lock Captive Coal Financing: First Through Nickel, Now Aluminium

Indonesian Captive Coal Finance Is Becoming More Fragmented

Singaporean Banks Lead Secondary Lenders in Reinforcing Indonesia’s Captive Coal Industrial Lock-in