Indonesia, US seek to advance energy transition partnership

Climate Counselor to the Secretary of the US Treasury John Morton  and US Deputy Special Envoy for Climate  Rick Duke met with their Indonesian counterparts on Thursday to advance the Indonesia Just Energy Transition Partnership.

Morton and Duke traveled to Indonesia to advance the Just Energy Transition Partnership, the US Embassy in Jakarta said in a statement issued on Friday.

According to the embassy, the partnership seeks to aggregate finance from partner governments with private sector finance to accelerate Indonesia’s transition to a cleaner energy future.

Alongside Japanese partners, the US Treasury and the Special Presidential Envoy for Climate (SPEC) delegation discussed Indonesia’s continued efforts to develop and implement an ambitious strategy to significantly reduce emissions in its power sector, including by transitioning away from coal in favor of renewables and implementing key reforms that will allow significant private investment in the renewable energy market.

The US delegation also emphasized that the United States, Japan, and other donor country partners are prepared to support such a strategy with significant financial support.

The delegation was encouraged by the Indonesians’ commitment to realize a transition that drives jobs and innovation, while being just and equitable for those most vulnerable to the transition, the US Embassy said.

In addition to meetings with Indonesian government officials, the US delegation also met with multilateral development bank representatives, renewable energy developers, and civil society organizations.

 

Source: Antara News