The design of the Just Energy Transition Partnership (JETP) has ignited widespread interest among the public.
Recently, President Joko Widodo seized the opportunity at the G7 summit to engage with Canadian Prime Minister Justin Trudeau, urging the swift realization of funding commitments, but without burdening the nation with additional debt. This assertive stance follows an earlier statement by Coordinating Minister Luhut Binsar Pandjaitan, asserting Indonesia's rejection of funds in the form of commercial loans during his visit to the United States in April.
Key officials have disclosed preliminary agreements that shed light on the interim progress of JETP. Notably, a potential increase in funding commitments from the initial $20 billion to $21.7 billion. These financial resources will be strategically channeled into various crucial areas, encompassing the phased retirement of coal-fired power plants, expediting the adoption of base-load renewable energy sources, harnessing the potential of variable renewable energy, and forging a robust renewable energy supply chain.
The Indonesian government is targeting mid-August for the publication of a comprehensive investment and policy plan for JETP.
Join D-Insights at their upcoming virtual meeting as we delve into this ground-breaking initiative that shapes Indonesia's sustainable energy future.
Gain invaluable insights into the negotiation dynamics and explore the implications of China's relations with JETP partners on Indonesia's JETP.
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