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Indonesia finalizes renewables target with G7 climate finance plan

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Indonesia has officially finalized the Comprehensive Investment and Policy Plan (CIPP), aiming to persuade the members of the Just Energy Transition Partnership (JETP) to secure $20 billion in funds for green energy transformation on Nov. 21.

The Indonesian JETP Secretariat announced the CIPP draft in early November and released the final content after about 3 weeks of public consultation. The CIPP document focuses on an on-grid electricity system with a decarbonization scenario of 250 million tons of CO2 with a share of renewable energy reaching 44% in 2030. In addition, the JETP roadmap also stipulates achieving net zero electricity emissions by 2050.

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