Developing countries like Indonesia still need large funding to improve energy transition as an effort to overcome the climate crisis. However, funding commitments without realization will not be enough. Indonesia also needs to prepare its political policies internally.
Read more on Kompas.
About a year ago, in the series of the G20 Summit in Bali, Indonesia “was showered” with funding commitments for the energy transition of 20 billion US dollars in the Just Energy program. Transition Partnership or JETP. We continue to try to fulfill this commitment. On the other hand, the portion of grants in JETP is very minimal and is dominated by soft loans.
Indonesia is currently preparing a comprehensive investment plan regarding energy transition funding. This arrangement requires certainty of funding patterns from the United States and Japan.
Read more on Kompas.
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