Historic $20B Investment in Indonesia Decarbonization Is Model for Other Coal-Dependent Nations
Today, Nov 15th, 2022 – The United States, Japan, Canada, and six European countries have pledged to raise at least $20 billion under Indonesia’s Just Energy Transition Partnership (JETP) to help wean Indonesia off coal and reach carbon neutrality by 2050, a decade earlier than planned.
Over the last 8 months, RMI (Founded as Rocky Mountain Institute) has been supporting the Government of Indonesia to analyze its coal fleet and provide evidence-based guidance on the best path for Indonesia to transition to renewable energy through JETP engagements.
“This historic investment in clean energy for Indonesia is an important step towards building a model of cooperation that mobilizes capital while prioritizing communities,” said Jon Creyts, CEO of RMI. “As one of the most coal-dependent countries on earth, Indonesia needs a plan that provides its citizens with a just and secure low carbon pathway to prosperity.”
RMI’s team of experts is in Sharm El Sheikh for COP27 and is ready and willing to meet or hop on a call and go deeper on this topic.
To connect, contact Benson Kibiti via voice call or WhatsApp at +254 720-658-597.