JAKARTA — Indonesia on Tuesday released the final version of an ambitious target for its transition to renewable energy and an outline for the investment needed to implement it under the Just Energy Transition Partnership (JETP), a climate financing program for developing countries backed by the Group of Seven (G7) advanced nations.
Indonesia’s JETP Secretariat unveiled a draft of its Comprehensive Investment and Policy Plan (CIPP) earlier this month to support the $20 billion climate financing pledge made by the G7 and a number of financial institutions in November last year. It released the final draft on Tuesday, after about three weeks of public consultations.