Ecadin

Hashim: JETP Is a Failed Project, No US Funds Have Arrived

  • News
  • Hashim: JETP Is a Failed Project, No US Funds Have Arrived

Indonesia’s Just Energy Transition Partnership (JETP), a $20 billion deal meant to support the country’s shift to clean energy, is now uncertain. Hashim S. Djojohadikusumo, Indonesia’s Special Envoy for Climate and Energy, called the program a failure, saying that the United States has not provided any financial support. “JETP has been running for two years, but not a single dollar has come through,” he said at the ESG Sustainable Forum 2025.

An illustration of stalled energy transition due to lack of funding. A hand planting small plants on a pile of coins symbolizes the hope for green investment that has yet to materialize. The failure of Just Energy Transition Partnership (JETP) funding complicates Indonesia’s energy transition efforts.
Image by master1305

The situation became more unclear after President Donald Trump withdrew the US from the Paris Agreement, making future contributions unlikely. While the UK and US have guaranteed $1 billion each through the World Bank, the high interest rates make the loans difficult for Indonesia to use. Parjiono, Expert Staff to the Minister of Finance for Macroeconomics and International Finance, said the financing terms were not helpful, forcing the country to look for other funding options.

Without clear financial support, Indonesia’s plan to shut down coal plants under JETP, which was announced at the G20 Bali Summit 2022, could be delayed. The lack of funds shows how hard it is to get global support for a fair energy transition.

References:

Share this article

Recent Articles