Southeast Asia is a fast-growing region with significant opportunities to accelerate decarbonisation.
The recently announced Just Energy Transition Partnerships (JETP) in Indonesia and Vietnam demonstrate strengthened commitment to accelerate the low-carbon transition in the region by developing a country-led model that aims to phase out/down unabated coal-fired power generation and cease issuance of coal-fired power plants, while ensuring equitable and inclusive outcomes for vulnerable workers, and communities in coal-dependent regions, consumers and incumbent companies.
While JETP is not designed to facilitate the wholesale transition, the initial success of JETP implementation is important to accelerate the momentum for the energy transition, while enabling further financial flows into these two countries and strengthen the governance of climate action.
Against this backdrop, Climateworks Centre has been working on designing a holistic framework to demonstrate what good looks like for a JETP implementation plan, informed by academic and grey literature on the policy implications from global North and global South. We aim to initiate a discussion on the enablers and barriers to their successful implementation. This policy discussion paper is the first among our key series of thought leadership publications on just energy transition in Southeast Asia.