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The report critiques the IFC's Green Equity Approach (GEA), noting that while it aims to phase out coal by 2030, it contains loopholes allowing continued fossil fuel support. It proposes ten essentials for reform, including extending the ban to oil and gas, closing underwriting loopholes, ensuring gender equality, and implementing full public disclosure of sub-projects.

This report by Trend Asia, CELIOS, and CREA identifies the 20 most toxic coal-fired power plants (CFPPs) in Indonesia, termed the "Toxic Twenty." It analyzes the severe public health, economic, and environmental costs associated with these facilities, arguing that current government retirement roadmaps are insufficient and often delayed by a reliance on unproven technologies like co-firing and CCS/CCUS. The report provides detailed case studies for several plants, documenting widespread respiratory illnesses, loss of traditional livelihoods in fisheries and agriculture, and significant negative impacts on regional GDP.

The report examines the Jawa 9 and 10 coal-fired power plant projects in Cilegon, Banten, highlighting severe risks to public health and the environment. It argues that the projects are economically flawed, citing a Korean Development Institute (KDI) study that predicted a negative Net Present Value (NPV) for KEPCO. The document details the prevalence of acute respiratory infections (ISPA) among children in Cilegon and the broader ecological damage caused by coal transport and mining. It specifically calls for South Korean financiers, such as K-Exim and KDB, to withdraw funding to align with the 'Green New Deal' and global climate goals, noting that Indonesia's emission standards are significantly lower than those in South Korea.

The report examines the Java 9 and 10 Coal Power Plant (CPP) projects in Cilegon, Banten, funded by South Korean institutions including K-Exim, KDB, and K-Sure. It argues the investment is 'forced' and 'unprofitable,' citing a KDI pre-feasibility study showing a negative NPV for KEPCO. The document highlights severe health impacts in Banten, where Acute Respiratory Infection (ARI) is prevalent, and notes that the projects exacerbate air pollution and increase vulnerability to pandemics like Covid-19. It further criticizes the use of Ultra Super Critical (USC) technology as insufficient for carbon reduction and points to the risk of natural disasters, such as tsunamis, given the plants' coastal locations. The report concludes that the investment violates South Korea's 'Green New Deal' and calls for the Indonesian government to cancel the projects in favor of renewable energy.

The report identifies the 'Toxic Twenty' coal-fired power plants in Indonesia, estimating that between 2026 and 2050, they will cause 156,000 premature deaths and USD 109 billion in health-related economic losses. It argues that these plants create a net economic drain, reducing regional GDP and destroying livelihoods in agriculture and fisheries, while criticizing the government's reliance on 'false solutions' like biomass co-firing to extend the life of fossil fuel infrastructure.

The complaint argues that the Jawa 9 and 10 coal power plant project, with a combined capacity of 2,000 MW, causes severe environmental and social harm to the local community in Cilegon, Banten. It alleges that the project is unnecessary due to electricity overcapacity in the Java-Bali grid and that its Environmental Impact Assessment (AMDAL) is fatally flawed, failing to adequately address cumulative pollution, climate impacts, and forced displacements. The complainants assert that the IFC failed in its due diligence and oversight of Bank KEB Hana Indonesia, which provided $56 million in funding to the project developer, PT Indo Raya Tenaga, despite being a pilot client for the IFC's 'Green Equity Approach'. The document details reports of community intimidation, loss of livelihoods for farmers and fishers, and significant health risks, including respiratory infections. The complainants request a full compliance investigation, fair compensation for losses, and a systemic change in IFC policy to eliminate indirect support for coal projects.