2 Years of JETP: Progress and the Urgency to Accelerate

The journey of the Just Energy Transition Partnership (JETP) in Indonesia has been marked by both progress and challenges. Following the initial high expectations generated by the signing at the G20 summit in late 2022, there was significant criticism in early to mid-2023 due to concerns about the lack of grant funding and the potential for high debt. The launch of the Country Investment Plan Proposal (CIPP) in late 2023 was a notable development, though progress in the first half of 2024 has been slow. By late 2024, the initiative has ultimately fallen behind its targeted milestones. While the government initially set ambitious goals for JETP and its financing plan, a deeper examination reveals significant issues and setbacks. To provide a comprehensive understanding of the situation, we have divided the discussion of JETP updates into five key areas: funding, Investment Focus Area (IFA), relevant studies to the CIPP, development of the Just Transition Framework, and the current projects underway.