Minister Luhut Binsar Pandjaitan responded positively to the establishment of the JETP Secretariat in Indonesia on Wednesday, which aims to support the national target on climate aspects through collaborative efforts and funding from global partnerships.
"The secretariat will manage daily tasks on national energy transition which are low on carbon, sustainable, just, and beneficial for national economic growth, for it creates many job vacancies," he said in a post on his Instagram account on Friday.
The secretariat has already expressed its commitment to collect as much as US$20 billion for initial public and private funding in the next three to five years.
"With support from IPG (the International Partner Group), I believe that we can pursue the transition to new renewable energy without compromising national economic growth," he added.
The JETP is a global collective effort to address climate change issues and support the transition to sustainable energy.
The partnership is in accordance with Paris Agreement, which promotes the use of renewable energy and the shift away from fossil-based fuels.
"As a developing country with wealth in new and renewable energy, Indonesia needs support in efforts to strive for the change toward a sustainable energy system, for sure," Minister Pandjaitan noted.
The partnership serves as just financial aid for vulnerable people and people who are at a disadvantage, who take the brunt of the impact of the energy transition process of a country.
The aid offered by the scheme covers technical, financial, and capacity aspects, the minister elaborated.
JETP is the biggest multilateral partnership financing scheme, which dabbles in climate change issues, he added.
The secretariat's operation will kick off on February 17, 2023.
Its tasks will include the development of clean energy, particularly renewable ones; the retirement of coal power plants; and the creation of programs to push for energy efficiency.
Related news: Indonesia, international partners launch JETP Secretariat
Related news: Indonesia, partners launch JETP to secure climate targets
Translator: Ade Irma Juanda, Mecca Yumna
Editor: Anton Santoso
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