Background PaperAcceleration of the Energy Transition in IndonesiaAchieving an equitable transition through the Just Energy Transition Partnership and other Financing StrategiesAuthor :Henriette Imelda (IRID)Contributors :Ann Phang, Alexandra Goritz, Felita Putri, Felix F, Giovanni Maurice Pradipta, Petter Lyden (Germanwatch).Layout Design :Maginate Creative CommunicationPhoto Cover Credit:© Hardy Mynhart / ShutterstockSolar power plant panel in Likupang IndonesiaBackground PaperAcceleration of the Energy Transition in IndonesiaAchieving an equitable transition through the Just Energy Transition Partnership and other Financing Strategies2Acceleration of the energy transition in IndonesiaOne of the initiatives that emerged from the 26th annual meeting of the United Nations Framework Convention on Climate Change Conference of the Parties (COP) held in 2021 in Glasgow, UK, was the Just Energy Transition Partnership, or JETP. JETP is a form of financial funding programme that was initially created as a partnership with South Africa, supported by the governments of France, Germany, the United Kingdom, the United States, and the European Union as members of the International Partners Group (IPG). A vital feature of the JETP is the emphasis on an equitable shift in its investment plans and financing. The JETP with South Africa is expected to serve as a model that can be replicated in other developing countries, especially those highly dependent on fossil fuels for economic development. At G20 Summit, in Bali, Indonesia, the partnership programme was launched for Indonesia, with US$ 20 billion combined public and private financing. Similarly, a Vietnamese JETP was announced in December 2022, with a value worth more than US$15 ...
