This JETP puts Indonesia at the forefront of the global transition to clean and affordable energy...Jakarta (ANTARA) - The Indonesian government and co-leads of the International Partners Group launched the Secretariat for the Just Energy Transition Partnership (JETP) here on Thursday (February 16).
The Secretariat, established at the Indonesian Ministry of Energy and Mineral Resources and supported by the Asian Development Bank, will serve as a coordinator for internal and external stakeholders on JETP, according to a press release issued by the US embassy in Jakarta on Friday.
The Secretariat will also play an important planning and project development function for the JETP, the embassy said.
At the G20 Leaders’ Summit in Bali in November 2022, Indonesia and leaders of the International Partners Group (IPG), co-led by the United States and Japan, and including Canada, Denmark, the European Union, France, Germany, Italy, Norway, and the United Kingdom, launched a partnership in support of ambitious new targets for Indonesia’s just energy sector transition.
To achieve those targets, an initial US$20 billion in public and private financing will be mobilized over a three-to-five-year period and deployed through the coordination of the JETP Secretariat.
"The setup of the JETP Secretariat is a critical milestone. The Secretariat will manage the day-to-day implementation of Indonesia’s energy transition to low carbon that is sustainable, just, and supportive of Indonesia’s economic growth," said Rachmat Kaimuddin, deputy minister for Infrastructure and Transportation at the Coordinating Ministry of Maritime and Investment Affairs.
The Secretariat will support the Indonesian government in achieving the JETP objectives, including developing a comprehensive investment and policy plan in the next six months that reflects targeted greenhouse gas emissions reductions and support for affected communities.
"Indonesia’s just energy sector transformation requires many partners and tools. The JETP Secretariat is a place where these come together in the service of our shared commitments," said IPG representatives Alexia Latortue, who is also the assistant secretary for international trade and development at the US Treasury.
The United States, Japan, and Indonesia also invited the private financial institutions convened by the Glasgow Financial Alliance for Net Zero (GFANZ) to support Indonesia’s energy transition during a roundtable discussion on investment in Indonesia’s energy transition.
"The Secretariat will contribute to accelerating successful implementation of the JETP. We are hopeful that it would provide a good model of a just transition towards net zero to the region and to the entire world," deputy director general of the Ministry of Finance of Japan, Tomoyoshi Yahagi, said.
The delegations and the Indonesian government representatives have also continued an inclusive dialogue with civil society organizations to share information, understand the concerns of affected communities, and listen to views on job creation, transparency, and other just transition topics.
"This JETP puts Indonesia at the forefront of the global transition to clean and affordable energy. With the Secretariat now in place, we are eager to implement the JETP’s ambitious renewable energy goals to power low-carbon economic growth and secure a safe climate future," said Rick Duke, deputy special envoy for climate at the US Department of State.
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Reporter: Yuni Arisandy Sinaga
Editor: Tia Mutiasari
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