Japan to Continue Supporting Indonesia's Energy Transition After US Exit From $20 Billion Initiative

Japan's finance minister has affirmed that Japan will maintain its support for Indonesia's energy transition. This commitment follows the United States' withdrawal from a $20 billion initiative aimed at assisting Indonesia, one of Asia's major polluters, in moving away from fossil fuels. Global supporters of Just Energy Transition Partnerships (JETPs), which encompass approximately $15.5 billion for Vietnam and a $9.3 billion package for South Africa, are evaluating the financial consequences of the US decision to retract billions of dollars previously pledged to climate initiatives.