Indonesia’s JETP Deal: Keypoints, Elements, Loopholes, and Constraints

Bulb and money
Summary

  • Indonesia sealed a US$20 billion deal in the world's largest climate finance commitment for energy transition under the JETP program.
  • The government pledged to retire all coal-fired power plants by 2030 and replace them with renewable energy before obtaining funding.
  • Many loopholes and constraints exist so that Indonesia or donor countries can backslide from commitments, and funding deals may be revised.

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