New analysis shows Indonesia’s public sector and international private capital hold potential to generate additional funding for just energy transition

The document argues that Indonesia's long-term Just Energy Transition program will require funding likely exceeding USD 200 billion over 10 to 15 years, far surpassing the USD 20 billion committed via the I-JETP. It proposes a "3+1" strategy to mobilize capital from multilateral development banks, international and domestic private capital, and the domestic public sector, including state-owned enterprises and private mining companies. While international liquidity is deemed sufficient to meet I-JETP targets, the report identifies the lack of bankable clean energy projects as the primary obstacle, calling for increased effort from the International Partners Group (IPG) and the Glasgow Financial Alliance for Net Zero (GFANZ) to build a project pipeline.

• Indonesia's long-term Just Energy Transition program is estimated to require financial support that will likely exceed USD 200 billion over the next 10 to 15 years, making the USD 20 billion I-JETP commitment an initial down payment.
• A "3+1" strategy is proposed to diversify funding sources, involving multilateral development banks, international public financial institutions, international private capital, domestic private capital, and the domestic public sector.
• The Government of Indonesia can mobilize additional capital by utilizing resources from state-owned enterprises in the energy sector and private mining companies that have seen recent revenue growth.
• While securing the private sector's half of the USD 20 billion I-JETP target is feasible due to liquidity, the primary challenge is the shortage of bankable clean energy projects.
• The International Partners Group (IPG) and the Glasgow Financial Alliance for Net Zero (GFANZ) are identified as key entities that can help build the project pipeline and attract leading companies.

APA

Benoit, P., & Prasetiyo, A. (2023). New analysis shows Indonesia’s public sector and international private capital hold potential to generate additional funding for just energy transition. Zero Carbon Analytics. https://zerocarbon-analytics.org//wp-content/uploads/2025/06/Press-Release-Indonesia-JETP-report_19-September_ZCA.pdf

Chicago

Benoit, Philippe, and Andri Prasetiyo. New analysis shows Indonesia’s public sector and international private capital hold potential to generate additional funding for just energy transition. Zero Carbon Analytics, 2023. https://zerocarbon-analytics.org//wp-content/uploads/2025/06/Press-Release-Indonesia-JETP-report_19-September_ZCA.pdf.

Wikipedia

{{cite report |last1=Benoit |first1=Philippe |last2=Prasetiyo |first2=Andri |title=New analysis shows Indonesia’s public sector and international private capital hold potential to generate additional funding for just energy transition |publisher=Zero Carbon Analytics |date=19 September 2023 |url=https://zerocarbon-analytics.org//wp-content/uploads/2025/06/Press-Release-Indonesia-JETP-report_19-September_ZCA.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{benoit2023new, author = {Benoit, Philippe and Prasetiyo, Andri}, title = {{New analysis shows Indonesia’s public sector and international private capital hold potential to generate additional funding for just energy transition}}, institution = {Zero Carbon Analytics}, year = {2023}, month = sep, url = {https://zerocarbon-analytics.org//wp-content/uploads/2025/06/Press-Release-Indonesia-JETP-report_19-September_ZCA.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }