Financing the Just Energy Transition Partnerships: Perspectives from Vietnam, Indonesia, South Africa

a joint event with ESCAP and UNECA
Session Type
Session Themes
Climate Finance and Investment
Energy Transition
Room number
Hall 2 Room 6
Contact Email
16 October 2023
13:45 - 15:15 Abu Dhabi

Adopting low-emission technologies lags in most developing countries, particularly least developed ones, resulting from limited finance, technology transfer, and skills.[1] The Just Energy Transition Partnership (JETP) provides innovative lessons in designing and executing financing for the region's energy transition. The first JETP was announced at the 26th UN Climate Change Conference of the Parties (COP 26) in Glasgow for South Africa for $8.5 billion. In late 2022, Indonesia and Viet Nam announced JETPs for, respectively, $20 billion and $15.5 billion.

This session will explore opportunities for countries globally to learn from Indonesia, South Africa, and Viet Nam’s experiences in developing and implementing comprehensive multi-stakeholder financing plans for their energy transition. It will also allow Indonesia, South Africa, and Viet Nam stakeholders to share lessons learned. The session will focus on financing the three JETP programs, their challenges, opportunities, and potential for replication at the regional and global scale.

Session themes:

  • How can the regulatory and legal environment be streamlined to support the structuring of financial instruments? Including the implementation of the JETPs through governance structures in each of the jurisdictions at stake?
  • How can we accelerate the managed phase out of coal, ensuring a just transition that includes appropriate compensation and alternative clean energy opportunities for key stakeholders involved?
  • How can we best involve the private sector in co-creating financing solutions with JETP investors?
  • How can stakeholders mobilize concessional finance at the scale needed for this just transition?
  • How can local investors be encouraged to invest in the energy transition in local currency at scale and pace?



Deputy Prime Minister and Minister for Trade, Cooperatives, Small and Medium Enterprises and Communications, Republic of Fiji
Vice Minister, Ministry of Planning and Investment, Viet Nam
Director General of New Renewable Energy and Energy Conservation, Ministry of Energy and Mineral Resources, Republic of Indonesia
Director of Regional Integration and Trade, United Nations Economic Commission for Africa (UNECA)
Director, Macroeconomic Policy and Financing for Development Division, United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP)
Director, Just Energy Transition Partnership (JETP) Secretariat, Republic of Indonesia
Deputy Director of Division, Multilateral Division, Department of Debt Management and External Finance, Ministry of Finance, Viet Nam
Head Climate Finance and Innovation, Presidential Climate Commission
JETP Policy Lead, Glasgow Financial Alliance for Net Zero
Chief, Financing For Development Section, United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP)
Economist, Financing For Development Section, United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP)
Economist, Energy, Infrastructure and Services, Private Development and Finance Division, United Nations Economic Commission for Africa (UN ECA)