The Global Energy Alliance for People and Planet (GEAPP) has partnered with the Indonesian Ministry of Energy and Mineral Resources to hasten the country’s net-zero emissions goal by 2050. The GEAPP, a collaboration of entrepreneurs, governments, technological, policy, and funding partners, as well as charitable partners, is expected to build on Indonesia’s COP26 pledges and the Just Energy Transition Partnership (JETP) signed with the International Partnership Group at a G20 summit in November 2022.
Indonesia’s energy consumption is predicted to triple by 2050, in conjunction with economic development and the country’s significant population, which is fourth globally. However, Indonesia aims to achieve net-zero emissions by 2050, necessitating an energy transition to meet its emission targets.
The agreement with GEAPP sets a practical framework for cooperation, with the aim of realizing these objectives and hastening Indonesia’s transition away from fossil fuels and toward access to clean and affordable electricity. GEAPP will collaborate with the Ministry of Energy and Mineral Resources to further the country’s JETP strategy through capacity building, information sharing, and research on coal decommissioning acceleration.
Indonesia is the second Southeast Asian nation to collaborate with GEAPP on its just energy transition, following the signing of three MoUs with Vietnam in February.
(Source: Power Engineering International)