ESDM-GEAPP Partnership Supports The Acceleration Of Indonesia’s Energy Transition Process

In order to support strategic efforts to accelerate Indonesia’s energy transition efforts, the Ministry of Energy and Mineral Resources (ESDM) partnered with the Global Energy Alliance for People and Planet (GEAPP), marked by the signing of a Memorandum of Understanding (MoU).

“This partnership with GEAPP is to help accelerate the energy transition program in Indonesia, with the aim that people can get access to cleaner electricity at affordable prices,” explained the Director General of New, Renewable Energy and Energy Conservation, Ministry of Energy and Mineral Resources during the signing of the Memorandum of Understanding of the Ministry of Energy and Mineral Resources. with GEAPP, which was witnessed by the Minister of Energy and Mineral Resources, Arifin Tasrif.

Dadan further explained that GEAPP would cooperate with the Ministry of Energy and Mineral Resources to support Indonesia’s Just Energy Transition Partnership (JETP) programs, conducting technical studies, analysis, and research that focused on accelerating early retirement for coal plants; support the transition to renewable energy; support network interconnection analysis; and other programs that support the achievement of the Net Zero Emissions target of 2060 or sooner.

GEAPP is expected to be able to support the preparation of early retirement for PLTU, especially Non-PLN Business Areas, and support for decarbonization efforts in the industrial sector. Dadan said that GEAPP had appointed the Institute for Essential Service Reform (IESR) to assist in preparing the PLTU early retirement roadmap.

GEAPP CEO, Simon Harford, who attended and signed the Memorandum of Understanding on Potential Collaboration to Support Energy Transition Initiatives in Indonesia, said this collaboration signifies a common understanding and shared goals and is an important step in GEAPP’s mission to catalyze and scale a just energy transition in Southeast Asia. and around the world.

Indonesia has shown great foresight in its commitment to a just energy transition but recognizes that this transformation must be in the interests of society at large – not only promoting clean energy but also creating new jobs and driving sustainable economic growth. The government is also realistic in disclosing the international support, investment, and technology needed to drive this change.

“GEAPP is grateful to be able to support Indonesia’s goals and this MOU reflects our commitment to work at scale and speed to ensure fair and effective outcomes for all,” said Simon.

To note, Indonesia is the second country in Southeast Asia to collaborate with GEAPP on a fair energy transition during 2023 after a series of four MoUs signed with the Government of Vietnam in February 2022.

GEAPP is an alliance of governments, philanthropists, entrepreneurs, and funding institutions whose mission is to encourage developing countries to make the transition to clean energy. GEAPP was launched at the United Nations Climate Change Conference (COP26) in Glasgow in 2021. Driven by the Rockefeller Foundation, IKEA Foundation, and Bezos Earth Fund , GEAPP manages funds worth more than USD 10 billion.

As an alliance, GEAPP aims to create 150 million new jobs, reduce 4 gigatonnes of future carbon emissions, and expand access to clean energy to one billion people. With philanthropic partners, the Bezos Earth Fund, the IKEA Foundation, and The Rockefeller Foundation, GEAPP works to build the enabling environment, capacity, and market conditions for private sector solutions. Also catalyzing new business models through innovation and entrepreneurship, using high-risk capital to drive private sector solutions, and assisting equitable transition solutions.