JAKARTA, Oct 6 Reuters Indonesia aims to unveil its 20 billion energy transition investment plan next month, an official said on Friday, days before the United Nations COP28 climate summit as Jakarta tries to resolve issues on funding and energy mix for the initiative.
Officials had initially planned to launch the Just Energy Transition Partnership JETP project in the middle of August, but this was delayed due to problems ranging from differences on funding details to the extent of Indonesia39;s reliance on coal for electricity.
The new target is for JETP plans to be released for public feedback on Nov. 1, with an official launch set for around Nov. 20, Paul Butarbutar, deputy secretary of Indonesia39;s JETP office, told reporters.
When asked whether the International Partners Group IPG comprising of countries like the United States, Japan, as well as development banks and private lenders is expected to agree on the investment plan by then, Butarbutar said We39;re going to agree on the content first, but funding, etcetera, are a different matter, a matter for later..
He declined to provide further details.
Indonesia has agreed to cap and peak the power sector39;s carbon emissions at 290 million metric tons by 2030 under the JETP, following the IPG39;s commitment to provide financial support through a blend of equity investments, grants and concessional loans.
Indonesian officials have complained that Western countries are reluctant to finance early retirement of…