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Draft IDR 300 T JETP Investment Plan Officially Opened to the Public

The Just Energy Transition Partnership (JETP) Secretariat officially opened the draft investment plan to the public. This is with the hope of gathering input from various levels of society.

The Comprehensive Investment and Policy Plan (CIPP) document can be accessed by the public on the website www.jetp-id.org which was launched today, Wednesday, November 1 2023. The public can provide input on this draft investment plan via the input form on the JETP website.

“Energy transition is in the public interest. JETP is one of the initiatives in the national energy transition effort. Therefore, we are opening the draft JETP investment plan with the hope of gathering as much input as possible from all elements and levels of society,” said Head of JETP Indonesia Secretariat Edo Mahendra in a written statement, Wednesday (1/11/2023).

The JETP partnership itself is an energy transition funding initiative worth US$ 20 billion or around Rp. 300 trillion agreed between Indonesia and developed countries that are members of the International Partners Group (IPG).

The JETP initiative was announced on the sidelines of the G20 Summit in Bali, November 2022. The IPG consists of the Governments of Japan, the United States, Canada, Denmark, the European Union, Germany, France, Norway, Italy and the United Kingdom.

The JETP Indonesia Secretariat was formed and began operating in April 2023. One of its tasks is to coordinate efforts to prepare CIPP documents collaboratively between the Indonesian government and IPG with the support of working groups consisting of elements of international institutions, think tanks, programs cooperation in the energy sector and civil society.

“The CIPP JETP document is a living document. This means that this document will continue to be updated every year so that it can reflect global economic developments and domestic development priorities,” added Edo.

Public input submitted before November 14 will be processed by the JETP Secretariat to become the basis for finalizing the CIPP document.

The plan is that the CIPP document which is the basis for implementing the JETP partnership will be launched in Indonesia before the 28th Conference of Parties (COP) world event on climate change which will take place in Dubai, United Arab Emirates at the end of this year.

Source: CNBC Indonesia