Second Chances: How Indonesia’s New Climate Finance Deal Can Build on Past Initiatives

In November 2022, Indonesia and a group of nations including the United States and Japan announced a climate finance deal to help Indonesia curb its reliance on coal and facilitate its transition to a carbon-free energy system. This deal, known as the Just Energy Transition Partnership (JETP), includes a mixture of public and private loans, grants, and investment. Indonesia is also expected to implement policy changes to accelerate investment in renewable generation. In “Second Chances: How Indonesia’s New Climate Finance Deal Can Build on Past Initiatives,” Senior Consultant Galen Erickson examines the goals of this initiative and past experiences with similar initiatives in Indonesia, focusing on policy safeguards that will help ensure the success of this investment.

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