IEEFA Energy Finance Forum: Financing Indonesia’s Energy Transition

The IEEFA Energy Finance Forum 2026: Financing Indonesia’s Energy Transition in Jakarta brought together senior representatives from the Government of Indonesia, state-owned enterprises, multilateral institutions, the private and financial sectors, and civil society to advance policy dialogue on Indonesia’s energy transition financing.

Strategic discussions explored how the country can mobilize capital to accelerate Indonesia’s energy transition and support long-term fiscal resilience and economic growth. 

Overview

Panel Discussion 1:

Global Energy Transition Insights: Accelerating Investment, Reliability, and Growth

Indonesia’s energy transition is unfolding alongside rapidly evolving energy systems across the region. Countries have adopted varying approaches to accelerate renewable energy deployment, mobilize investment, strengthen energy security, and improve system reliability. This session will explore lessons from these regional experiences and examines which policies and approaches could most effectively support and accelerate Indonesia’s energy transition.

Panel Discussion 2:

Powering Indonesia’s Future: Aligning Renewable Energy Ambition with Demand Growth and Investment

Indonesia’s ambitious 100GW solar program, including 20GW of grid-connected capacity, marks a turning point in its energy transition. However, questions remain over whether electricity demand growth and financing capacity can support this scale of deployment. At the same time, Indonesia’s industrial expansion — including mineral downstreaming, manufacturing, and data centers — is driving rapid growth in electricity demand, creating new investment and financing challenges. As industries seek reliable, affordable, and increasingly low-carbon power sources, questions remain about the role of utilities, captive generation, financing mechanisms, and long-term competitiveness. This session will explore how Indonesia can align renewable energy ambitions with rising demand, mobilize the investment required to support both industrial growth and the energy transition, and strengthen its competitiveness in sustainability-conscious global markets.

Panel Discussion 3:

Mobilizing Capital for Indonesia’s Energy Transition through Blended Finance and Public-Private Partnerships

This session explores how blended finance and public-private partnerships can mobilize capital for Indonesia’s energy transition. It will examine how concessional and commercial financing can be combined to de-risk investments, and how public-private partnerships can enable governments, state-owned enterprises, and private investors to share risks, responsibilities, and resources more effectively. The discussion will highlight innovative financing models and policy reforms, while drawing lessons from Indonesia’s Just Energy Transition Partnership (JETP) and Energy Transition Mechanism (ETM) initiatives — including why some elements have struggled to gain traction and what this means for future efforts to scale investment in clean energy.

Panel Discussion 4:

Fostering Indonesia’s Carbon Market

The session explores Indonesia’s efforts to develop a credible, transparent, and effective carbon market as part of its energy transition strategy. It will examine opportunities for state-owned enterprises, private investors, and international partners to engage in carbon trading, while addressing the importance of market integrity, regulatory clarity, and alignment with global standards. Discussions will include the role of carbon credits in supporting decarbonization efforts and mobilizing capital, as well as the challenges of building trust and creating a market that delivers meaningful emissions reductions.