JETP Comprehensive Investment and Policy Plan (CIPP) is here
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About
JETP
On November 15, 2022, the Government of Indonesia (GoI) and the International Partners Group (IPG) launched the Just Energy Transition Partnership Indonesia (JETP Indonesia) on the sidelines of the G20 Summit in Bali, Indonesia. The IPG comprises the governments of Japan and the United States, who are co-leaders of the partnership, and Canada, Denmark, the European Union, the Federal Republic of Germany, the French Republic, Norway, the Republic of Italy, and the United Kingdom of Great Britain and Northern Ireland.
At an initial commitment of US$20 billion, of which US$10 billion in IPG funding was pledged to catalyze US$10 billion of private financing from Glasgow Financial Alliance for Net Zero (GFANZ), JETP Indonesia marks the largest energy transition financing package in the world to date. Its immediate objective is to develop a Comprehensive Investment and Policy Plan (CIPP), a process that would be led by the JETP Secretariat. The CIPP is intended to be a "living document" that will be regularly evaluated and updated to reflect recent market developments and policy priorities.
Guidelines
JETP CIPP is developed to ensure consistent view of transition pathways:
Positive contribution towards Indonesia's economy and ensure energy affordability
Ensure energy security and grid stability while ensuring just transition
Ensure achievement of joint target and carbon emission in line with government ambition
For Indonesia, energy transition is a key step to mitigate the impact of the climate crisis, meet the Nationally Determined Contribution (NDC) targets, and realize its ambition to build a low-carbon economy. This transition actively supports Indonesia's industrialization trajectory while decoupling the long-standing historical correlation between economic growth and emissions. To do this, energy transition must decarbonize both the power sector and its interdependent demand-side sectors and industries. Given the uniqueness of each country's situation, energy transition needs to be country-led and country-owned.
Five Investment Focus Areas
Acceleration of dispatchable RE deployment
developing new plants, expanding existing ones, and enhancing their performance
Early coal-fired power plant retirement
reducing air pollution from the power sector
Transmission and grid expansion
reducing emissions and creating RE development
RE value chain enhancement
supporting the development of domestic industries related to RE
Acceleration of variable RE deployment
increasing the share of RE sources that depend on weather conditions
