A plan for how Indonesia will spend $20 billion to transition to cleaner energy was submitted Wednesday to the government and its financing partners
JAKARTA, Indonesia — A plan for how Indonesia will spend $20 billion to transition to cleaner energy was submitted Wednesday to the government and its financing partners, the planners said.
Indonesia’s Just Energy Transition Partnership deal was announced last year and aims to use the funds over the next three to five years to accelerate retirement of the nation’s coal plants and development of renewable energy.
Details were not made public. The investment plan will be reviewed and revised further by Indonesia and its JETP partners before being made available for public review and comment, according to a statement from Indonesia’s JETP Secretariat.
“The Indonesian public will have the opportunity to review the full draft text of the (plan) and submit comments and feedback,” Dadan Kusdiana, Indonesia’s Secretary General of the Ministry of Energy and Mineral Resources, said in a statement.
A person with direct knowledge of the talks who was not authorized to comment on the deal told The Associated Press that new information regarding the country’s captive coal and mineral processing infrastructure and difficulties matching the financing with potential transition projects were some of the crucial reasons why the details were still being negotiated.
“We welcome the submission of the (plan) to the Indonesian government. We understand that this is a global effort to address a very complex problem in Indonesia. We will review and ensure that it is aligned with Indonesia’s priorities in energy transition,” Rachmat Kaimuddin, Indonesia’s deputy coordinating minister for maritime
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