Experts say Indonesia should consider looking for a helping hand from China, South Korea or Europe, in addition to the United States and Japan, which led the initiatives with the JETP.
ndonesia may need to look beyond the Just Energy Transition Partnership (JETP) to further its efforts to cut emissions from fossil fuels in the electricity sector, while also introducing more renewables to its grid.
Jakarta has said it would need at least US$97.3 billion worth of investment to achieve its target, nearly five times more than the funding promised by the JETP, which was launched in late 2022.
Experts say Indonesia should consider looking for a helping hand from China, South Korea or Europe, in addition to the United States and Japan, which led the initiatives with the JETP.
Fabby Tumiwa, the executive director at the Institute for Essential Services and Reform (IESR) told The Jakarta Post on June 21 that Indonesia must seek cooperation and should not be limited to working with only one country.
He added that the country needed new technology and investment to build the infrastructure required for the energy transition efforts.
“We must also work together with other countries,” Fabby said.
Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan held a bilateral meeting with China’s Foreign Minister Wang Yi on June 13, and the two underlined the importance of strengthening partnerships in green development.
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