WASHINGTON, D.C, RAKYAT NEWS — Indonesian President Prabowo Subianto and U.S. President Joe Biden met at the White House on November 12, 2024, to reaffirm their commitment to the Just Energy Transition Partnership (JETP).

The two leaders agreed to continue collaboration in this key initiative aimed at accelerating Indonesia’s shift to clean and renewable energy, focusing on a comprehensive investment and policy plan (CIPP) to ensure a sustainable energy future.

The JETP, as highlighted in a joint statement released by the White House, is designed to mobilize investments in Indonesia’s renewable energy production, which will help reduce emissions, enhance energy security, expand infrastructure, and create jobs.

Additionally, it aims to stimulate the growth of a clean energy economy in the Southeast Asian nation. The statement emphasized that the partnership aligns with Indonesia’s domestic policy reforms and its long-term environmental goals.

The Biden administration reiterated its commitment to supporting Indonesia in addressing the climate crisis, including reducing deforestation and transitioning to clean energy.

The U.S. and Japan jointly lead the International Partners Group (IPG), which has been working closely with Indonesia to meet its climate targets. The partnership is also expected to catalyze the mobilization of $21.6 billion in funding, with $11.6 billion from public sector financing and $10 billion from private sector investment.

During their talks, President Biden expressed full support for Indonesia’s efforts to develop a high-integrity carbon market. The U.S. government is also willing to assist Indonesia in tapping into international demand for carbon credits, which are essential for mobilizing private sector funds to reduce emissions from forests and other sectors.

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