JETP Indonesia's Billion-Dollar Energy Transition Plan: Key Insights

By Editorial Team 06/11/2023
Climate Funds
Summary

  • Funding Gap Alert: JETP covers less than a quarter of the required investment. The Comprehensive Investment and Policy Plan (CIPP) centers on five primary investment areas, demanding a staggering sum of US$96.1 billion over the period from 2023 to 2030.

  • The five key investment areas, include accelerating variable renewable power deployment with a 30 GW addition to existing projects by 2030 and a modest target on early retirement plans for coal-fired power plants (PLTU), targeting only two PLTUs.

  • The CIPP proposes a long list of policy enablers, including relaxing Local Content Requirements (LCR) for renewable energy and transitioning towards a more market-based system in the coal sector.

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