OVERVIEW

Around the G20 Leaders’ Summit in Bali November 2022, Indonesia launched its “Just Energy Transition Partnership” (JETP) with leaders of the International Partners Group (IPG), co-led by the United States and Japan, with Canada, Denmark, the European Union, France, Germany, Italy, Norway, and the United Kingdom.

The JETP aims to accelerate a just transition to a net-zero power sector in Indonesia, ensuring that all people have access to affordable, reliable and clean energy which supports development and ensures benefits are shared with community. This includes an accelerated coal phase-out before 2060, scaling up investment in and access to affordable renewable energy across the archipelago and supporting job creation in net zero industries. An initial $20 billion in public and private financing over a three-to-five-year period will be mobilized and deployed through the coordination of the JETP Secretariat.

In February 2023, the Government of Indonesia has launched the JETP Secretariat, whose immediate deliverables in the next 6 (six) months include the availability of a road map for early retirement for coal-fired power plants (CFPP) and the completion of a comprehensive investment plan (CIP) that also reflect support for communities affected by the energy transition process.

The JETP secretariat welcomes and supports the “Happy Energy Action Leadership (HEAL): Energy Transition, Livelihood, Systems, and Blended Finance” as a program that facilitates a multi‐ stakeholder learning journey for shared learning, enhance technical competency, and scale blended finance transactions towards impactful implementation around just transition and renewable energy. The HEAL program will be delivered by Rocky Mountain Institute and the United In Diversity Foundation.

For more information on the HEAL program, please find attached <link / brochure>

The JETP Secretariat will be working with the Rocky Mountain Institute and the United In Diversity Foundation to deliver the “Happy Energy Action Leadership (HEAL): Energy Transition, Livelihood, Systems and Blended Finance” program.

The diagram below provides an illustration of the Energy Transition Mechanism (ETM) framework, a market-based model by the World Economic Forum’s Sustainable Development Investment Partnership (SDIP) to retire existing coal power plants and coal mines early through buy-out with development or private finance, at the same time mobilise investment for renewable energy projects and reskilling coal workers to ensure a just transition.

ETM Framework

(Source: Donald Kanak, Chairman of Prudential Insurance Growth Markets, Chairman of Prudence Foundation /Co-Chair of ASEAN Hub of the Sustainable Development Investment Partnership/Co-Chair of ASEAN Hub of the Sustainable Development Investment Partnership, World Economic Forum)

The project is led by the Coordinating Ministry of Maritime and Investment Affairs.

For more information, please email