Tag: JETP

Shifting Investment Currents: Europe’s waning capital flow in SEA’s renewables sector

Shifting Investment Currents: Europe’s waning capital flow in SEA’s renewables sector

December 28, 2025 |

SEA’s renewable transition is moving at speed, but Europe’s role is steadily diminishing. To regain relevance, Europe must act on several fronts. It should expand its financial commitments, positioning itself as a dependable capital provider by strengthening initiatives like Global Gateway and scaling the JETP in Vietnam and Indonesia. Europe needs to boost its industrial competitiveness, ensuring its companies remain leaders in areas such as battery energy storage, offshore wind and grid integration.

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Indonesia’s Electricity Supply Plan: Report

Indonesia’s Electricity Supply Plan: Report

July 18, 2025 | , ,

Indonesia’s new RUPTL 2025-2034 outlines a significant increase in power generation from coal and gas by 2034, up 40% from the 286 TWh realised in 2024. Compared to the targets in the previous RUPTL, fossil power generation is about 10% higher in 2030. On generation capacity, the new plan proposes to add 16.6 GW of new fossil power through 2034, signaling a continued reliance on fossil fuels. Meanwhile, renewables targets have been downgraded from RUPTL 2021-2030, from 20.9 GW in new clean power capacity additions by 2030 to 17.0 GW.

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Vietnam’s New Electricity Law: Paves the way for accelerated energy transformation

Vietnam’s New Electricity Law: Paves the way for accelerated energy transformation

February 5, 2025 |

Vietnam’s electricity sector is now at a crossroads. The sector remains the most critical for continuing the growth momentum of the Vietnamese economy, which is one of the fastest growing in Asia. Driven by this growth, electricity demand is estimated to grow at around 10 per cent up to 2030 due to rapid industrialisation and urbanisation. At the same time, Vietnam has committed to promoting a sustainable energy transition, particularly through the Just Energy Transition Partnership (JETP), an initiative designed by the International Partners Group (IPG) (comprising nine developed countries and the European Union) to mobilise financial resources and assist Vietnam and other developing countries that have heavy reliance on fossil energies, to decarbonise their energy systems.

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Indonesia’s 2024 Election: Navigating energy transition amid growth ambitions

Indonesia’s 2024 Election: Navigating energy transition amid growth ambitions

October 28, 2024 |

Indonesia’s energy transition from fossil fuels to renewables is gaining momentum but lacks coordination and faces significant political economy challenges. Coal accounted for over 66% of Indonesia’s total electricity generation in 2023. Reliance on coal for economic reasons and energy security has been a barrier. Indonesia is expected to abandon its renewable energy target of 23% by 2025 and reduce it to 17%-19% in 2025. 

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A Balanced Transition: Indonesia’s plans for a green energy future 

A Balanced Transition: Indonesia’s plans for a green energy future 

July 21, 2024 | ,

Indonesia, the world’s fourth-largest producer of coal and Southeast Asia’s largest gas supplier, has a strong connection to fossil fuels. However, the country’s population is increasingly supportive of climate goals, and the challenge for Indonesian policymakers lies in balancing the need for economic development, energy security, increased access to energy and affordability with the growing demand for a shift towards renewable energy sources (RES). The country’s reliance on fossil fuels and its abundant coal resources could prolong the use of existing infrastructure, complicating the energy transition.

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Renewable Energy Outlook for Southeast Asia

Renewable Energy Outlook for Southeast Asia

November 5, 2023 |

Currently, Southeast Asia relies heavily on coal for electricity generation. Two ambitious Just Energy Transitions Partnerships (JETP) were established in Southeast Asia in 2022, one with Indonesia and another with Viet Nam. The partnerships promise better access to international financing to accelerate transitions away from unabated coal-fired power to help reduce emissions. Southeast Asia has emerged as a global hub for clean energy technology manufacturing, with VietNam and Indonesia joining the ranks of exporters of equipment such as solar PV modules.

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Vietnam JETP – A Major Step Forward for Vietnam’s Decarbonisation Goals

Vietnam JETP – A Major Step Forward for Vietnam’s Decarbonisation Goals

December 22, 2022 |

Vietnam has just become the latest country to put in place a Just Energy Transition Partnership (JETP) with the International Partners Group (IPG). Under the terms of the Vietnam JETP, IPG members – including the EU, UK, the United States, France, Germany, Italy, Canada, Japan, Norway and Denmark – will provide an initial US$15.5 billion of public and private financing over the next three to five years to support Vietnam’s goal to achieve a number of new energy transition targets.

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How does Indonesia’s JETP compare to net zero pathways?

How does Indonesia’s JETP compare to net zero pathways?

November 23, 2022 |

The Indonesian JETP raises the country’s ambition for power sector decarbonisation and closely aligns to a pathway that delivers Indonesia’s target of net zero by 2060. At the G20 summit in Bali – and on the same day as COP27’s Energy Day – Indonesia announced its ‘Just Energy Transition Partnership’ (or JETP). The groundbreaking deal secures $20bn funding from the US, Japan and others to help Indonesia accelerate the transition from coal to clean electricity.

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