Indonesia minister: others won't follow U.S. exit from energy transition funding

24/3/2025 18:55

The United States' decision to pull out of the Just Energy Transition Partnership, an energy transition funding commitment by developed countries, will not impact the other partners' commitment to it, a senior Indonesian minister said on Monday.



JETP, a financing commitment from rich nations and global lenders to help poorer nations adopt cleaner energy, has earmarked $20 billion to help Indonesia cut its emissions.



Earlier this month the U.S. said it had withdrawn from its JETP deals with Indonesia, South Africa and Vietnam. The U.S. commitment in Indonesia was over $2 billion, made up of non-concessional loans, MDB guarantees, and grants.



Chief economic minister Airlangga Hartarto told reporters the JETP financing commitments are now co-led by Japan and Germany.