Jurnal Manajemen dan Bisnis Madani
Vol. 8 No. 1 (2026): Jurnal Manajemen dan Bisnis Madani

Implementation of Just Energy Transition Partnership (JETP) Indonesia

Rizqia, Andini Maulifa (Unknown)
Wulansari, Ica (Unknown)



Article Info

Publish Date
05 Mar 2026

Abstract

The Just Energy Transition Partnership (JETP) was introduced in Indonesia during the G20 Summit in Bali in 2022 as a global framework to accelerate the clean energy transition. Indonesia’s high dependence on fossil fuels has intensified the urgency for renewable energy, making energy sovereignty a national priority. With USD 20 billion pledged, JETP aims to retire coal-fired power plants early and expand renewable energy. However, this study argues that JETP risks undermining Indonesia’s energy independence by creating new debt and technological dependency. Using a qualitative descriptive approach and secondary data from international agencies, government reports, and academic research, the study analyzes JETP implementation in Indonesia. Findings show that most financing is loan-based, which increases Indonesia’s fiscal burden while contributing little to renewable deployment. This raises concerns over energy dependency, limited poverty alleviation, and unequal energy access. Without structural reforms in financing and technology transfer, JETP could reinforce dependency rather than support a just and sustainable transition. Therefore, the research highlights the importance of transparent governance, equitable financial mechanisms, and stronger domestic capacity building to ensure that the partnership genuinely aligns with Indonesia’s long-term goals of energy sovereignty, economic resilience, and inclusive development while promoting fairness, innovation, and self-reliance in Indonesia’s clean energy transformation.

Copyrights © 2026






Journal Info

Abbrev

madani

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal ini memuat hasil penelitian pada bidang manajemen dan bisnis. Hasil penelitian yang dipublikasikan dalam bentuk kajian empiris, konseptual, studi kasus, catatan penelitian, dan studi literatur. Jurnal ini mempublikasikan pertama pada tahun 2019. Fokus Jurnal Manajemen dan Bisnis Madani memuat ...