Japan, Germany Step Up on Indonesia Climate Deal as US Exits

Bloomberg · last updated March 6, 2025 – 10:06 PM

Japan’s finance minister confirmed the nation will continue to support Indonesia’s energy transition following the exit of the US from a $20 billion initiative to help one of Asia’s biggest polluters shift away from fossil fuels.

Global backers of Just Energy Transition Partnerships, or JETPs — which also include a roughly $15.5 billion deal for Vietnam and South Africa’s $9.3 billion package — are assessing the financial impacts as US President Donald Trump pulls billions of dollars pledged to climate initiatives.

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