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Jakarta –

The Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, began to appear in public after undergoing incentive treatment for his health since the beginning of October 2023. Until now, it is known that Luhut is still at Singapore to recover his health.

After directly witnessing the inauguration of Lieutenant General Maruli Simanjuntak as Chief of Army Staff (KSAD). Today, Luhut appeared and spoke at the COP28 Global Climate Action Summit in Dubai.

However, his presence at the climate change summit did not take place in person but via a recorded video message broadcast during one of the discussion sessions at the Indonesia Pavilion regarding financing of the Indonesia Energy Transition Partnership fair (JETP) in Dubai, Saturday December 2.

In his message, Luhut said that JETP launched a Comprehensive Investment and Policy Plan (CIPP) in Indonesia, which is an important milestone in the history of handling the climate crisis in Indonesia.

“The launch of CIPP JETP marks an important milestone in Indonesia’s commitment to overcoming the climate crisis. It also shows the collaboration between Indonesia as a developing country and a developed country,” Luhut said in a statement official press release from the Ministry of Maritime Affairs and Fisheries. Sunday (03/12/2023).

Luhut also called on the international community not to adopt a poor approach to climate finance. This means that financing for the energy transition has been provided in the hope of a significant return on capital for developed countries.

“Climate finance currently available largely takes a business-as-usual approach, financing requires a return on capital as usual, which can be a burden for developing countries. We need to find better ways to mobilize and share technology and capital, so that developing countries can continue to develop and develop,” Luhut said.

“Again, I just want to emphasize that in my opinion, collaboration between developing and developed countries is very important in this program,” he added.

The JETP itself is a US$20 billion clean energy transition partnership involving Indonesia and member countries of the International Partners Group (IPG). The GPI includes the United States, Japan, Canada, Denmark, the European Union, Germany, France, Norway, Italy and the United Kingdom.

The COP28 JETP session was organized by the Coordinating Ministry of Maritime Affairs and Fisheries and Standard Chartered. This session was the first high-level public debate since JETP launched its Comprehensive Investment and Policy Plan (CIPP) last month, which detailed its financing plans, including a list of priority green projects likely to receive a funding.

The discussion brought together other speakers such as the Deputy for Infrastructure and Transport of the Coordinating Ministry of Maritime Affairs and Fisheries, Rachmat Kaimuddin, the US Assistant Minister of Finance for International Markets Alexia Latortue, the Deputy Director General of the Japanese Ministry of Finance Tomoyoshi Yahagi, the President Director of PT PLN Darmawan Prasodjo and the Executive Vice President of Standard Chartered ASEAN, Mr. Rino Donosepoetro.

During the session, Rachmat, who was also a speaker, said that Indonesia is now open for renewable energy activities. He also stressed that the process of formulating the CIPP was carried out in a transparent and inclusive manner.

“We opened our kitchen, we invited reputable international partners like the IEA, the World Bank, the UNDP and the ADB so that everyone can see what is happening because we want to be transparent, and I “Hopefully everyone learns something through this process,” Rachmat said.

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