Indonesia's JETP Deal Will Only Succeed if Coupled with Radical Measures to Unblock Renewable Energy Pipeline
At the G20 Summit in Bali, a group of developed countries—led by the United States of America and Japan—pledged to mobilize US$20 billion (around Rp300 trillion) over the next 3-5 years to accelerate Indonesia’s energy transition through early retirement of coal power plants and deployment of renewable energy. The flood of new finance for renewable energy under the so-called Just Energy Transition Partnership agreement (JETP) is certainly welcome—but unless the critical barriers to renewable energy deployment in Indonesia are addressed, the deal will fail to deliver.