Indonesia and Vietnam are testing grounds for climate finance in Southeast Asia. As early recipients of JETP funding, both nations face the difficult task of transitioning from coal while maintaining economic growth. Progress has been slow, with structural barriers and shifting donor dynamics complicating implementation. Their experience offers a revealing look at the challenges of financing a just energy transition.

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The Asia-Pacific region stands at a critical juncture in its energy transition. While the region has made progress in renewable energy and innovation, recent developments have created uncertainty around its path toward a sustainable energy future. The US withdrawal from the Paris Agreement and JETP funding adds to this complexity, raising questions about global climate leadership, equity, and the flow of green finance and technology. 

However, the US withdrawal could also galvanise Asian countries to take a more proactive role in the global energy transition. It could lead to increased regional cooperation and innovation as these countries aim to fill the leadership gap, accelerate their clean energy transitions, and capitalise on the economic opportunities of widespread electrification. 

This exclusive webinar discussion aims to provide energy leaders, financiers and policymakers with insights on developments in the region, as well as takeaways to inform on how geopolitics may influence the pace of Asia’s energy transition. It will act as an initial context-setting discussion to those happening in Jakarta during the main summit in June. 

At the 2024 FT Live Mining Summit, industry experts including Indonesia Investment Authority Deputy CEO, Arief Budiman, examined the outlook for cobalt and nickel, addressing a slight decline in global demand forecasts. Watch the session to hear their views on government intervention, supply chains, and the future of these critical minerals.

Spotlight on Indonesia is a weekly briefing on the country’s energy transition. From now until the end of June, stay updated on key developments shaping Indonesia’s path to a sustainable future—from policy shifts to investment moves.

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Our Scaling Up Renewable Energy Report provides insights on infrastructure, supply chains, investor hesitations and more from a global perspective.

Our recent report dives into the future of LNG, Europe's LNG import boom, global shifts in production and more.

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