In 2022, Indonesia began implementing its Just Energy Transition Partnership (JETP), aiming to mobilise $20 billion over three-to-five years. Half of the funding is expected to come from the International Partners Group, co-led by the US and Japan, and the other half as contributions from international financial institutions. In return, Indonesia committed to accelerate the retirement of coal plants and advance renewable energy sources to achieve net-zero by 2050.
The World Bank is involved in the JETP, with the UK offering a sovereign guarantee to…
