Just Phaseout: How International Climate Finance Drives Indonesia’s Energy Transition

Abstract

Energy transitions are costly, especially in the Global South. How can international climate finance reshape domestic decision-making on energy transitions? I study whether North–South climate finance can spur coal phase-out in Indonesia after the 2022 Just Energy Transition Partnership (JETP), a US$20 billion energy-transition agreement. Using a plant-by-half-year panel of coal-unit status changes matched to local PM_2.5 exposure, I find that after the agreement, coal plants in more polluted areas moved more toward phase-out than plants in cleaner areas.

Poster

Poster PDF coming soon.

Please email me at jingling_tan [at] g.harvard.edu for a copy of the working paper.

Keywords

Climate Finance, Energy Transition, Coal Phase-Out, Indonesia, Political Economy, Environmental Politics, International Political Economy, Air Pollution