The Indonesia Just Energy Transition Partnership (JETP) aims to support investments in assets that reduce emissions in the country's power sector, and was announced in late 2022. The announcement was led by the Government of Indonesia, with support from the International Partners Group (IPG: Canada, Denmark, France, Germany, Italy, Japan, Norway, and United Kingdom).
The IPG, comprising multilateral and bilateral development financial institutions, committed to providing $10 billion in public finance, while the GFANZ working group members, comprising seven leading international private financial institutions, committed to mobilizing and facilitating another $10 billion in financing. The platform secretariat is housed at the German Society for International Cooperation (GIZ), Germany's primary federal agency for international development, and is supported by Germany's Ministry of Economic Cooperation and Development (BMZ).
GFANZ serves as the private finance partner for both the Indonesia and Vietnam JETPs, convening working groups of named financiers established through expressions of interest and formalized under their respective political declarations. This work supports the mobilization of private capital by providing strategic and technical support, engaging with working group members to consolidate feedback on investment barriers, and helping to strengthen enabling environments for large-scale private investment.
The Indonesia JETP's Comprehensive Investment and Policy Plan (linked below) sets out the country's pathway for peaking power sector emissions and scaling renewable energy. The platform has established structured stakeholder engagement processes, conducting over 200 consultations with civil society, industry, and community actors. As of March 2026, the JETP has mobilized over $3 billion in financing for priority projects including solar, geothermal, and transmission infrastructure.
Indonesia's experience illustrates the complexity of an energy transition in a large archipelagic economy with a substantial existing coal fleet, significant state enterprise involvement in the electricity sector, and shifting political priorities across administrations.
The Indonesia Just Energy Transition Partnership (JETP) aims to support investments in assets that reduce emissions in the country's power sector, and was announced in late 2022. The announcement was led by the Government of Indonesia, with support from the International Partners Group (IPG: Canada, Denmark, France, Germany, Italy, Japan, Norway, and United Kingdom).
The IPG, comprising multilateral and bilateral development financial institutions, committed to providing $10 billion in public finance, while the GFANZ working group members, comprising seven leading international private financial institutions, committed to mobilizing and facilitating another $10 billion in financing. The platform secretariat is housed at the German Society for International Cooperation (GIZ), Germany's primary federal agency for international development, and is supported by Germany's Ministry of Economic Cooperation and Development (BMZ).
GFANZ serves as the private finance partner for both the Indonesia and Vietnam JETPs, convening working groups of named financiers established through expressions of interest and formalized under their respective political declarations. This work supports the mobilization of private capital by providing strategic and technical support, engaging with working group members to consolidate feedback on investment barriers, and helping to strengthen enabling environments for large-scale private investment.
The Indonesia JETP's Comprehensive Investment and Policy Plan (linked below) sets out the country's pathway for peaking power sector emissions and scaling renewable energy. The platform has established structured stakeholder engagement processes, conducting over 200 consultations with civil society, industry, and community actors. As of March 2026, the JETP has mobilized over $3 billion in financing for priority projects including solar, geothermal, and transmission infrastructure.
Indonesia's experience illustrates the complexity of an energy transition in a large archipelagic economy with a substantial existing coal fleet, significant state enterprise involvement in the electricity sector, and shifting political priorities across administrations.
Indonesia's JETP documents offer detailed insight into how a large-economy country platform approaches investment planning, governance, and partner management.
IndonesiaThis paper explores how guarantees and insurance instruments can overcome risk mismatches and unlock clean energy finance in Indonesia. It serves as a practical guide for policymakers to de-risk projects, enhance credit availability, and deploy mechanisms like Energy Saving Insurance to attract private capital.
IndonesiaThis working paper evaluates the macroeconomic and social impacts of transitioning to net-zero emissions, including shifts in labor and gross domestic product in Indonesia. It is useful for planners needing to design reskilling programs for displaced fossil fuel workers and measure the broader fiscal impacts of climate policy.
IndonesiaThis thematic report examines financing mechanisms for high-risk, small-scale renewable energy projects in remote regions of Indonesia. It provides insights on deploying blended finance, aggregation platforms, and microfinance to transition from grant-dependent models to commercially viable clean energy solutions.
IndonesiaThis study provides a framework for operationalizing a just energy transition that prioritizes economic diversification, human capital development, and technological innovation in Indonesia. It can be used to guide decision-makers in designing inclusive policies that safeguard vulnerable communities and workers while shifting away from coal-dependent local economies.
IndonesiaThis progress report provides an update on the implementation of Indonesia's Just Energy Transition Partnership (JETP). The resource guides the reader through overall progress and governance updates, followed by details on the key investment areas of Energy Efficiency and Electrification, Transmission Lines and Grid Deployment, Dispatchable Renewable Power Deployment Acceleration, Variable Renewable Power Deployment Acceleration, Repurposing of Coal-Fired Power Plants, and Renewable Energy Supply Chain Enhancement. It closes with financing updates, policy progress, and monitoring frameworks.
IndonesiaThis report outlines the role of carbon pricing instruments in advancing power sector decarbonization in Indonesia. It can be used to guide technical advisors on structuring emissions trading systems and leveraging transition credits to incentivize the early retirement of coal-fired power plants.
IndonesiaThis study provides an assessment of transitioning energy-intensive industrial captive power plants to clean energy pathways in Indonesia. It equips government and industry leaders with strategies for aligning industrial decarbonization with national climate targets while maintaining global supply chain competitiveness.
IndonesiaThis document details strategic frameworks and financial mechanisms to accelerate energy efficiency and electrification across key sectors in Indonesia. It provides a roadmap for the government to develop energy service companies (ESCOs), implement revolving funds, and establish performance-based financing schemes.
IndonesiaThis joint statement is a high-level political statement that outlines support for Indonesia’s Just Energy Transition Partnership (JETP). This resource highlights how international partners frame their commitments to establishing, financing, and supporting implementation of country platforms.
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