TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
In Stanford speech, Jokowi demands ‘constructive’ help for energy transition
Change Size
President Joko “Jokowi“ Widodo delivers a public lecture at Stanford University in California, the United States, on Nov. 15, 2023. (BPMI Setpres/Laily Rachev)
P
resident Joko "Jokowi" Widodo says climate finance to help developing countries in their energy transition should be more constructive in nature.
“Climate finance is still [treated as] business as usual, like commercial bank [lending], whereas it [the financing structure] should be more constructive, not in the form of debt that will only add to the burden of developing countries,” he said on Wednesday in a public lecture at Stanford University in the United States.
Collaboration was key to addressing “the increasingly threatening impacts of climate change”, the President said at the prestigious institution, according to a press release from the Presidential Secretariat.
However, considerable hurdles remain in terms of technology transfer and financing for Indonesia and other developing countries.
“This [technology transfer and financing] is what poses challenges and often complicates things for developing countries; thus, Indonesia aims to ensure that the energy transition produces energy that is inexpensive for society and accessible to the community,” Jokowi said.
Indonesia's plan to shut down coal-fired power plants before the end of their normal operational lifespan has so far received relatively small funding commitments under the Just Energy Transition Partnership (JETP), indicating how difficult it is to persuade donor countries to support the initiative.
According to the draft investment plan, only around US$1.5 billion of the $21.5 billion total pledged for Indonesia’s JETP is designated for the early retirement and managed phaseout of coal-fired power plants in the country.
