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Indonesia Just Energy Transition Partnership

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The Indonesia Just Energy Transition Partnership is a 20 billion dollar agreement to decarbonise Indonesia's coal-powered economy, launched on 15 November 2022 at the G20 summit. This Just Energy Transition Partnership comes after the first such agreement, the South Africa JET-IP was announced in 2021 as a partnership with Germany, France, the UK and US. The agreement with Indonesia involves all G7 countries as partners, including Canada, Italy and Japan. It also includes Denmark and Norway. The JETP aims to develop a comprehensive investment plan (the JETP Investment and Policy Plan) to achieve Indonesia's decarbonisation goals.

Under the JETP, Indonesia aims to reach net-zero emissions of greenhouse gases from electricity production by 2050, bringing forward its target by a decade, and reach a peak in those emissions by 2030. According to two think tanks, the $20bn allocated under the programme are insufficient for these goals.

On the sideline of the same conference, the Asian Development Bank signed an agreement with Cirebon Electric Power to open discussions on accelerated retirement of the Cirebon Steam Power Plant.

References

  1. "Indonesia Just Energy Transition Partnership Launched at G20". GOV.UK. Retrieved 2022-11-15.
  2. Junida, Ade Irma; Ruhman, Fadhli (2022-11-08). Nasution, Rahmad (ed.). "Indonesia negotiating funding cooperation for energy transition". antaranews.com. Retrieved 2022-11-14.
  3. "G7 offered Vietnam and Indonesia $15B to drop coal. They said 'maybe'". POLITICO. 2022-10-26. Retrieved 2022-11-14.
  4. "Deutsche G7-Präsidentschaft treibt ambitionierte Just Energy Transition Partnerships voran". Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (in German). Archived from the original on 2022-11-14. Retrieved 2022-11-14.
  5. Lo, Joe (2022-11-07). "As Cop27 kicks off, where are the coal to clean deals at?". Climate Home News. Retrieved 2022-11-14.
  6. "U.S., Japan to offer Indonesia $15 bln in energy transition funds-Bloomberg News". Reuters. 2022-11-11. Retrieved 2022-11-15.
  7. "Press corner". European Commission - European Commission. Retrieved 2022-11-16.
  8. "Indonesia JETP - Accelerating Indonesia's Decarbonisation Timeline". Mayer Brown. Retrieved 2022-11-16.
  9. "How Indonesia, a major fossil-fuel user, plans to decarbonise". The Economist. ISSN 0013-0613. Retrieved 2022-11-17.
  10. "ADB and Indonesia Partners Sign Landmark MOU on Early Retirement Plan for First Coal Power Plant Under Energy Transition Mechanism". Asian Development Bank. 2022-11-14. Retrieved 2023-07-19.
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