On 20 February 2019, the United Kingdom and Indonesia signed a Memorandum of Understanding (MoU) on low carbon Energy development. Under the MoU, the UK will provide a USD 19.5 million grant to fund programs across Indonesia over the period of four years, starting from June 2019.
The targeted programs are matchmaking between the private sector and the government, capacity building for stakeholders, policy making assistance and pilot projects focused on Eastern Indonesia.
In addition, the MoU will cover programs such as the flagship Prosperity Fund Indonesia Renewable Energy Programme and the Prosperity Fund ASEAN Low Carbon Energy Programme (Green Finance). The UK Cross-Government Prosperity Fund aims to foster economic growth through revamping Infrastructure and Energy in the country.
(Sources: Tempo; The Jakarta Post)