JUST ENERGY TRANSITION PARTNERSHIP (JETP) SEBAGAI KATALIS INVESTASI HIJAU: IMPLIKASI BAGI PERTUMBUHAN EKONOMI INDONESIA
DOI:
https://doi.org/10.23969/paradigmapolistaat.v9i1.61714Keywords:
JETP, investasi hijau, pertumbuhan ekonomi, transisi energi, pembiayaan iklim, transisi berkeadilan.Abstract
Just Energy Transition Partnership atau JETP merupakan skema kerja sama internasional yang dirancang untuk mempercepat dekarbonisasi sektor energi Indonesia melalui mobilisasi pembiayaan publik dan swasta, reformasi kebijakan, serta penerapan prinsip transisi berkeadilan. Artikel ini menganalisis peran JETP dalam mendorong investasi hijau dan implikasi awalnya terhadap pertumbuhan ekonomi nasional. Penelitian menggunakan metode kualitatif dengan pendekatan deskriptif-analitis. Data dikumpulkan melalui studi dokumen terhadap Comprehensive Investment and Policy Plan, laporan lembaga pemerintah dan organisasi internasional, publikasi institusi penelitian, serta literatur akademik mengenai transisi energi, keuangan hijau, dan pertumbuhan ekonomi. Data dianalisis melalui content analysis dan thematic analysis dengan memfokuskan pembahasan pada mobilisasi investasi,
mekanisme transmisi ekonomi, keadilan transisi, serta faktor penghambat domestik dan eksternal. Hasil penelitian menunjukkan bahwa JETP telah berfungsi sebagai sinyal kebijakan yang mengarahkan perhatian investor pada energi terbarukan, jaringan listrik, efisiensi energi, dan penghentian bertahap pembangkit batu bara. Namun, JETP belum dapat dikategorikan sebagai penggerak utama pertumbuhan ekonomi karena realisasi pendanaan dan kesiapan proyek masih terbatas. Kontribusinya terhadap pembentukan modal, lapangan kerja hijau, produktivitas, dan transformasi struktur ekonomi masih bersifat potensial dan jangka panjang. Efektivitas JETP dipengaruhi oleh kepastian regulasi, kapasitas kelembagaan, kualitas pembiayaan, kesiapan proyek, kondisi keuangan PLN, dinamika geopolitik energi, serta perlindungan terhadap pekerja dan masyarakat terdampak. Artikel ini menyimpulkan bahwa JETP berpotensi menjadi katalis pertumbuhan hijau apabila komitmen pembiayaan dapat diterjemahkan menjadi investasi produktif yang transparan, berkeadilan, dan terintegrasi dengan kebijakan pembangunan nasional.
Downloads
References
ADB. (2019). Renewable Energy Financing Schemes for Indonesia (0 edn). Asian Development Bank. https://doi.org/10.22617/TCS190522
ADB. (2020). Indonesia Energy Sector Assessment, Strategy and Road Map Update (0 edn). Asian Development Bank. https://doi.org/10.22617/TCS200429
Apriliyanti, I. D., Nugraha, D. B., Kristiansen, S., & Overland, I. (2024). To reform or not reform? Competing energy transition perspectives on Indonesia’s monopoly electricity supplier Perusahaan Listrik Negara (PLN). Energy Research & Social Science, 118, 103797. https://doi.org/10.1016/j.erss.2024.103797
Ardianyah, H., & Ekadewi, P. (2022). Indonesia post-pandemic outlook: eStrategy toward Net-Zero Emission by 2060 from the Renewable and Carbon-Neutral Energy Perspektives (First edition). BRIN Publishing in cooperation with Overseas Indonesian Students’ Association Alliance. https://penerbit.brin.go.id/press/catalog/view/562/469/11475
Boehm, S., Schumer, C., Jaeger, J., Lebling, K., Waite, R., & Sims, M. (2023). State of Climate Action 2023 [Research Publish]. World Resource Institute. https://www.wri.org/research/state-climate-action-2023
Budiono, A., Al Ayubi, S., & Gitawan, W. (2023). Pendanaan Just Eenergi Transition Partnership Untuk Mencapai Transisi Energi Yang Berkeadilan. Indonesia Parliamentary Center.
Calvin, K., Dasgupta, D., Krinner, G., Mukherji, A., Thorne, P. W., Trisos, C., Romero, J., Aldunce, P., Barrett, K., Blanco, G., Cheung, W. W. L., Connors, S., Denton, F., Diongue-Niang, A., Dodman, D., Garschagen, M., Geden, O., Hayward, B., Jones, C., … Ha, M. (with Lee, H.). (2023). IPCC, 2023: Climate Change 2023: Synthesis Report. Contribution of Working Groups I, II and III to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change [Core Writing Team, H. Lee and J. Romero (eds.)]. IPCC, Geneva, Switzerland. (P. Arias, M. Bustamante, I. Elgizouli, G. Flato, M. Howden, C. Méndez-Vallejo, J. J. Pereira, R. Pichs-Madruga, S. K. Rose, Y. Saheb, R. Sánchez Rodríguez, D. Ürge-Vorsatz, C. Xiao, N. Yassaa, J. Romero, J. Kim, E. F. Haites, Y. Jung, R. Stavins, … C. Péan, Eds; First). Intergovernmental Panel on Climate Change (IPCC). https://doi.org/10.59327/IPCC/AR6-9789291691647
CSIS, I., & Tenggara, S. (2023). Risiko dan Tantangan Just Energy Transition Partnership (JETP) Indonesia [Policy Paper]. Tenggara Strategis. https://tenggara.id/project/risks-and-challenges-of-the-just-energy-transition-partnership-JETP-Indonesia
DJPPR. (2024). Green Sukuk sebagai Bentuk Komitmen Indonesia untuk Perubahan Iklim. Dirjen Pengelolaan Pembiayaan Dan Risiko. https://djppr.kemenkeu.go.id/greensukuksebagaibentukkomitmenindonesiauntukperubahaniklim
ENDC. (2022). ENDC Indonesia.
ETC. (2023). Financing the Transition: How to Make the Money Flow for Net-Zero Economy. The Energy Transitions Commission. https://www.energy-transitions.org/wp-content/uploads/2023/08/ETC-Financing-the-Transition-MainReport_update.pdf
Gazmararian, A. F. (2024). Fossil fuel communities support climate policy coupled with just transition assistance. Energy Policy, 184, 113880. https://doi.org/10.1016/j.enpol.2023.113880
Hasan, K., & Hummer, L. (2024). Indonesia’s captive coal on the uptick: Capacity tripled in five years, on track to cost USD 20 billion in public health burden. CREA, GEM. https://globalenergymonitor.org/research/indonesias-captive-coal-uptick
Hasyim, S., Husen, L. O., & Nasrullah, N. (2023). The Implications of TRIMs Agreement on Domestic Economy in the 21st Century: A Study of Legal Development. SIGn Jurnal Hukum, 4(2), 332–350. https://doi.org/10.37276/sjh.v4i2.224
Herlina Reva Carita, Haura Khalisa Hakim, Raden Naufal Hilmi Saputra, Ni Komang Mia Fabiola, Izzan Shulhan Albar, Vanessa Azahra Rohman, & Ahmad Setiawan Nuraya. (2025). Analisis Peran Akumulasi Modal dalam Pertumbuhan Ekonomi: Faktor-Faktor Pendorong Pertumbuhan Ekonomi di Indonesia. Dharma Ekonomi, 32(1), 62–72. https://doi.org/10.59725/de.v32i1.230
Hidayat, L., Tasliman, M. T., & Amalia, C. (2025). Driving Sustainable Development Through Green Financing: A Strategic Analysis of Indonesia’s Renewable Energy Sector. In A. Arif, A. Hidayat, C. T. Handoko, S. Khoiriyah, & H. Saptaningtyas (Eds), Proceedings of the International Conference on Multidisciplinary Studies (ICoMSi 2024) (Vol. 926, pp. 100–111). Atlantis Press SARL. https://doi.org/10.2991/978-2-38476-406-8_9
Hutchinson, N., Dennis, M., Damgaard Grann, E., Clevenger, T., Manion, M., Bøggild, J., & Layke, J. (2021). Unlocking a Renewable Energy Future: How Government Action Can Drive Private Investment. World Resources Institute. https://doi.org/10.46830/wriwp.20.00077
IEA. (2021). Net zero by 2050: A roadmap for the global energy sector. International Energy Agency.
IEA. (2022). An energy sector roadmap to net zero emissions in Indonesia. International Energy Agency.
IEA. (2023a). Navigating Indonesia’s power system decarbonisation with the Indonesia Just Energy Transition Partnership. International Energy Agency.
IEA. (2023b). Navigating Indonesia’s PowerSystem Decarbonisation with the Indonesia Just EnergyTransition Partnership. International Energy Agency. https://doi.org/https://www.iea.org/reports/navigating-indonesias-power-system-decarbonisation-with-the-indonesia-just-energy-transition-partnership
IEA. (2024). World Energy Outlook 2024. International Energy Agency. https://iea.blob.core.windows.net/assets/140a0470-5b90-4922-a0e9-838b3ac6918c/WorldEnergyOutlook2024.pdf
ILO. (2023). Achieving a Just Transition towards Environmentally Sustainable Economies and Societies for all (International Labour Conference, 111th Session, 2023 Report IV). International Labour Organization. https://www.ilo.org/sites/default/files/wcmsp5/groups/public/%40ed_norm/%40relconf/documents/meetingdocument/wcms_876568.pdf
IPCC. (2023). Climate Change 2023: Synthesis Report. https://www.ipcc.ch/report/ar6/syr/
IRENA, & ILO. (2024). Renewable energy and jobs: Annual review 2024. International Renewable Energy Agency, International Labour Organization. https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2024/Oct/IRENA_Renewable_energy_and_jobs_2024.pdf
Jazuli, M. R., Roll, K., & Mulugetta, Y. (2024). A review of Indonesia’s JETPthrough the dynamics of its policy regime. Global Policy, 15(5), 989–1006. https://doi.org/10.1111/1758-5899.13452
JETP. (2023). Rencana Investasi dan Kebijakan Komprehensif 2023. JETP Indonesia.
Kalpikajati, S. Y., & Hermawan, S. (2022). Hambatan Penerapan Kebijakan Energi Terbarukan di Indonesia. Batulis Civil Law Review, 3(2), 187–207. https://doi.org/10.47268/ballrev.v3i2.1012
Larasati, L. K., & Mafira, T. (2023). Highlights from Indonesia’s JETP Comprehensive Investment and Policy Plan [Buletin]. Climate Policy Initiative. https://www.climatepolicyinitiative.org/id/highlights-from-indonesias-jetp-comprehensive-investment-and-policy-plan/
Maskun, M., Paliling, V. E. S., Hamzah, A. N. I., & Al Mukarramah, N. H. (2023). Justice element in just energy transition partnership decarbonization policy: A conceptual legal analysis. E3S Web of Conferences, 467, 05003. https://doi.org/10.1051/e3sconf/202346705003
Miles, M. B., Huberman, A. M., & Saldaña, J. (2014). Qualitative Data Analysis: A Methods Sourcebook (3rd edn). SAGE Publication.
Mulugetta, Y., Ben Hagan, E., & Kammen, D. (2019). Energy access for sustainable development. Environmental Research Letters, 14(2), 020201. https://doi.org/10.1088/1748-9326/aaf449
Muslim, P. A., & Hastuti, I. S. (2024). Analyzing Indonesia’s Suistanable Energy Transition through The Just Energy Transition Partnership (JETP). Journal of Indonesian Social Science an Humanities, 14(1). https://ejournal.brin.go.id/jissh/article/view/9090/7016
Najicha, F. U., Mukhlishin, M., Supiandi, S., Saparwadi, S., & Sulthani, D. A. (2023). The Shaping of Future Sustainable Energy Policy in Management Areas of Indonesia’s Energy Transition. Journal of Human Rights, Culture and Legal System, 3(2), 362–382. https://doi.org/10.53955/jhcls.v3i2.110
Nur, U. A., Bainus, A., & Darmawan, W. B. (2025). The Role of the Just Energy Transition Partnership (JETP): Between Commitment and Implementation. Ilomata International Journal of Social Science, 6(4), 1309–1323. https://doi.org/10.61194/ijss.v6i4.1831
Odunayo Adewunmi Adelekan, Bamidele Segun Ilugbusi, Olawale Adisa, Ogugua Chimezie Obi, Kehinde Feranmi Awonuga, Onyeka Franca Asuzu, & Ndubuisi Leonard Ndubuisi. (2024). ENERGY TRANSITION POLICIES: A GLOBAL REVIEW OF SHIFTS TOWARDS RENEWABLE SOURCES. Engineering Science & Technology Journal, 5(2), 272–287. https://doi.org/10.51594/estj.v5i2.752
OECD. (2025). OECD DAC Blended Finance Guidance 2025 (Best Practices in Development Co-Operation) [Best Practices in Development Co-operation]. OECD Publishing,. https://doi.org/10.1787/e4a13d2c-en
OJK. (2025). Taksonomi untuk Keuangan Berkelanjutan Indonesia Versi 2. Otoritas Jasa Keuangan. https://ojk.go.id/id/Publikasi/Roadmap-dan-Pedoman/Sektor-Jasa-Keuangan/Keuangan-Berkelanjutan/Documents/Buku%20Taksonomi%20untuk%20Keuangan%20Berkelanjutan%20Indonesia%20%28TKBI%29%20versi%202%20-%20120225.pdf
Ordonez, J. A., Vandyck, T., Keramidas, K., Garaffa, R., & Weitzel, M. (2024). Just Energy Transition Partnerships and the future of coal. Nature Climate Change, 14(10), 1026–1029. https://doi.org/10.1038/s41558-024-02086-z
PT SMI. (2025). Driving Sustainable Growth Through Infrastructure Financing [Opinion]. Driving Sustainable Growth Through Infrastructure Financing
Radtke, J., & Renn, O. (2024). Participation in Energy Transitions: A Comparison of Policy Styles. Energy Research & Social Science, 118, 103743. https://doi.org/10.1016/j.erss.2024.103743
Raimi, D., Carley, S., & Konisky, D. (2022). Mapping county-level vulnerability to the energy transition in US fossil fuel communities. Scientific Reports, 12(1), 15748. https://doi.org/10.1038/s41598-022-19927-6
Sekaringtias, A., Verrier, B., & Cronin, J. (2023). Untangling the socio-political knots: A systems view on Indonesia’s inclusive energy transitions. Energy Research & Social Science, 95, 102911. https://doi.org/10.1016/j.erss.2022.102911
Semieniuk, G., Holden, P. B., Mercure, J.-F., Salas, P., Pollitt, H., Jobson, K., Vercoulen, P., Chewpreecha, U., Edwards, N. R., & Viñuales, J. E. (2022). Stranded fossil-fuel assets translate to major losses for investors in advanced economies. Nature Climate Change, 12(6), 532–538. https://doi.org/10.1038/s41558-022-01356-y
Setyawati, D., & SetySetiawan, D. (2025). Response to Indonesia’s Just Energy Transition Partnership (JETP) Progress Report 2025. EMBER. https://ember-energy.org/app/uploads/2025/11/Policy-paper-%E2%80%93-Indonesia-JETP-2025.pdf
Taufik, G. A., Sabillah, A., Angkawidjaja, M., & Reininda, V. (2024). Just Energy Transition In Indonesia: Analysis of Regulatory Gaps in the Aspect of Protection of Affected Groups. Pusat Studi Hukum dan Kebijakan Indonesia (PSHK). https://pshk.or.id/dokumen
Theresya, J. (2025). Mengoperasionalkan Keadilan di dalam Konsep Transisi Energi Berkeadilan di Indonesia [Policy Brief]. Indonesia Research Institute for Decarbonization (IRID). https://irid.or.id/wp-content/uploads/2024/07/Mengoperasionalkan-Keadilan-di-dalam-Konsep-Transisi-Energi-Berkeadilan-di-Indonesia.pdf
Tjahjani, J., Nugroho, F. S., & Fitriana, F. I. (2025). Community Law Inclusivity in Energy Transition Regulation in Indonesia. Jurnal Independen, 13(1). https://doi.org/https://doi.org/10.30736/ji.v13i1.362
Wardhana, A. R., Aji, P., Prasetyo, K., Ma’rifatullah, W. H., & Budiarto, R. (2024). Breakthrough on Indonesia’s Energy Policy: Adaptive Governance Perspective for Just Energy Transition Partnership (JETP). Journal of Physics: Conference Series, 2828(1), 012001. https://doi.org/10.1088/1742-6596/2828/1/012001
Wójcik, E., & Zieliński, T. (Eds). (2022). Economics of sustainability. Publishing House of the University of Economics in Katowice.
World Bank. (2023). Indonesia: Laporan Iklim dan Pembangunan Negara. In World Bank, Global Economic Prospects, June 2015: The Global Economy in Transition (pp. 107–117). The World Bank. https://doi.org/10.1596/978-1-4648-0483-0_ch2_EAP
Yudha, S. W., & Tjahjono, B. (2019). Stakeholder mapping and analysis of the renewable energy industry in Indonesia. Energies, (Query date: 2022-12-20 15:07:58). https://www.mdpi.com/411524
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Ika Sri Hastuti
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Paradigma POLISTAAT: Jurnal Ilmu Sosial dan Politik is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License
Copyright Notice
An author who publishes in Paradigma POLISTAAT: Jurnal Ilmu Sosial dan Politik agrees to the following terms:
- Author retains the copyright and grants the journal the right of first publication of the work simultaneously licensed under the Creative Commons Attribution-ShareAlike 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal
- Author is able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book) with the acknowledgment of its initial publication in this journal.
- The author is permitted and encouraged to post his/her work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges as well as earlier and greater citation of the published work (see The Effect of Open Access).
Read more about the Creative Commons Attribution-ShareAlike 4.0 Licence here: https://creativecommons.org/licenses/by-sa/4.0/.
Privacy Statement
The names and email addresses entered in this journal site will be used exclusively for the stated purposes of this journal and will not be made available for any other purpose or to any other party.
