Details of the $20 billion pledge for the Indonesian energy transition are being kept deliberately secret as representatives of wealthy governments and foreign banks fly to Jakarta for talks on the foreign-funded deal.
Recall that a group of governments and banks stated in November last year that they would contribute $20 billion to help Indonesia transition away from the coal that presently supplies the majority of its electricity.
Indonesian investment minister Luhut Pandjaitan said the just energy transition partnership (JETP) was a “groundbreaking model of international cooperation” which would fulfil a promise to his granddaughter to “make policy that would benefit future generations”.
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However, the governments refused to say who was footing whatever portion of the $20 billion or what shape the funding would take. One of the banks said that its stated percentage of the total was simply the amount it was willing to contemplate.
According to a spokesperson for one of the governments, they will not reveal how much they are giving because “we agreed among the partner countries that we communicate only our cumulative contribution as a group at this point”.
A source close to the Indonesian government disclosed that the government has also been sworn to secrecy.
Story was adapted from Climate Home News
