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With the recent release of its Comprehensive Investment and Policy Plan, Indonesia now has a roadmap for its Just Energy Transition Partnership (JETP). And the big headline figure has always been $20 billion in financing commitments from foreign partners in the United States, United Kingdom, Europe and Japan. While that figure is of course substantial, what actually matters is how the investment will be structured and implemented.
The JETP is promising to mobilize $20 billion in financing (mostly loans) which will be used to back private…