Smoothing the way for Indonesia's JETP plan
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Jakarta, Indonesia
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14 November 2023
Finally, it takes two to tango in the race towards a decarbonised world. The International Partners Group (IPG) as well as the Glasgow Financial Alliance for Net Zero (GFANZ) have their fiduciary responsibilities to deliver on their promises to Indonesia. Mitigation strategies to ensure stable and clear funding commitments, backed by transparent and accountable financing should be addressed in the plan, in light of potential global political challenges.
In addition to funding, domestic policy reforms are crucial to support the expansion of renewable energy and the discontinuation of coal power subsidies. A holistic approach to energy transition is necessary, emphasising not only emissions reduction but also inclusive strategies and balanced policies that consider both environmental and social dimensions.