{"id":49057,"date":"2023-08-16T18:57:42","date_gmt":"2023-08-16T17:57:42","guid":{"rendered":"https:\/\/www.climatechangenews.com\/?p=49057"},"modified":"2023-08-16T18:57:42","modified_gmt":"2023-08-16T17:57:42","slug":"indonesia-jetp-green-plan","status":"publish","type":"post","link":"https:\/\/www.climatechangenews.com\/2023\/08\/16\/indonesia-jetp-green-plan\/","title":{"rendered":"Indonesia delays $20bn green plan, after split with rich nations on grants and new coal plants"},"content":{"rendered":"

Indonesia has delayed the launch of a $20 billion clean energy plan as it needs more time to bridge divisions with wealthy donor nations on financing terms and new coal plants.<\/strong><\/p>\n

The investment blueprint is supposed to set out how foreign funding will help wean the Southeast Asian country off coal. But international talks on it have been tense, with Indonesia wanting more money on better terms from rich countries.<\/p>\n

Originally slated for public release on Wednesday, the Just Energy Transition Partnership (Jetp) document is now scheduled to be officially unveiled later in the year as experts need additional time to develop “a technically credible pathway”, the Jetp Secretariat said in a statement. The Secretariat acts as a coordinating body and represents both Indonesia and the donor countries.<\/p>\n

Tense negotiations<\/h3>\n

The setback follows nine months of tumultuous behind-the-scenes negotiations since the deal between Indonesia and a group of international partners led by the US and Japan was announced<\/a> at the G20 summit in Bali.<\/p>\n

Disagreements over the type of funds provided and technical challenges in ensuring the coal-to-renewables switch have been the biggest roadblocks so far, according to sources with knowledge of the discussions.<\/p>\n

US sparks controversy<\/strong> by backing oil company\u2019s carbon-sucking plans<\/a><\/p><\/blockquote>\n

Instead of launching the plan, on Wednesday the Jetp Secretariat submitted a draft document to the Indonesian government and its international partners for further review.<\/span><\/p>\n

Dadan Kusdiana, Indonesia’s Secretary General of the Ministry of Energy and Mineral Resources, told Climate Home News the government is “committed to the energy transition”, but it will have to review the technical findings “to see if the targets are credible and workable”.<\/p>\n

Energy transition targets<\/h3>\n

The partnership aims<\/a> to peak Indonesia’s total power sector emissions by 2030, bring the sector\u2019s net-zero target forward by ten years to 2050 and accelerate the rollout of renewable energy to reach at least 34% of all power generation by 2030. <\/span><\/p>\n

Indonesia relies<\/a> on coal for nearly half of its electricity production. Coal consumption in the country hit<\/a> a record high in 2022, while the share of renewables in the energy mix slightly declined<\/a>. The financial help promised by developed countries aims to reverse the course.<\/p>\n