JABAR EKSPRES – US State Department Assistant Secretary Jennifer R. Littlejohn said that the International Energy Agency (IEA) says the world needs to invest trillions of dollars in the energy transition every year.
“It’s hard to imagine that kind of money, but what is clear is that no government in the world can fully fund the transition, but the private sector can help us do it,” Jennifer R. Littlejohn said in a statement here on Saturday (6/25).
Jennifer R. Littlejohn is an Acting Assistant Secretary of the U.S. State Department’s Bureau of Oceans and International Environment and Scientific Affairs who attended the Indonesia Net-Zero Summit 2023 (INZS 2023).
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INZS 2023 is an annual climate conference organized by Foreign Policy Community Indonesia (FPCI) as a unique gathering space for ministers, officials, diplomats, youth, civil society, and others to discuss climate issues specific to Indonesia.
INZS 2023 is intended to gather and strengthen Indonesia’s commitment in saving the nation’s future from the climate crisis.
On the occasion, Jennifer said that the Just Energy Transition Partnership (JETP) is an example of Indonesia’s commitment to accelerate the energy transition in Bali last November.
“JETP is a breakthrough long-term partnership that will accelerate Indonesia’s energy sector, transition from fossil fuels to sustainable clean energy sources, and help maintain the earth’s temperature target of 1.5 degrees Celsius,” Jennifer said.
Jennifer said that to achieve the JETP’s goals, the International Partners Group (IPG), led by the United States and Japan, has launched $20 billion in public and private financing over a three- to five-year period for Indonesia.
“Last month, the JETP secretariat announced the first new project, a US$1 million grant to PT Medco Power Indonesia to fund a feasibility study for a 1,100 MW wind farm in West Nusa Tenggara,” Jennifer said.
