The new Indonesia Just Energy Transition PARTNERSHIP (JETP) will mobilise $20 billion [17bn] over the next three to five years to accelerate a just energy transition.
The UK stands ready to support delivery of the partnership, including through a $1 billion guarantee.1
The Indonesia JETP launch builds on momentum of other JETP progress during the COP27 Summit in Sharm El-Sheikh, Egypt.
The agreement focuses on achieving this transition in a way that considers all workers, communities and societal groups affected directly or indirectly by an energy transition away from coal, and helps to ensure that they are supported through concrete commitments.