Indonesia Aims to Finalize $20B Climate Plan by COP28

A final plan for Indonesia’s $20 billion climate deal could be in place by the end of October, according to Edo Mahendra, the head of the coordinating body for the Just Energy Transition Partnership, or JETP, a financing package President Joko Widodo agreed to last year with wealthy nations and a coalition of global financial institutions.

A draft of the investment plan has been distributed to the partner groups — the Group of Seven economies, plus Norway and Denmark, and to the Glasgow Financial Alliance for Net Zero (GFANZ) — who are expected to respond by September. After that, the plan will be open for public consultation.