On October 21, 2021, the Governments of the United States and Japan launched cooperation with the Government of Indonesia under the Japan-U.S. Clean Energy Partnership (JUCEP) to accelerate clean energy Investment in the Indo-Pacific during a virtual clean energy investment opportunity event. Over 370 leaders representing nearly 170 private sector entities and 20 government agencies from the United States, Japan and Indonesia participated. Indonesia’s Ministry of Energy and Mineral Resources discussed recently released policy and plans to boost private sector renewable energy and energy efficiency investments in Indonesia, and directly addressed pivotal investment challenges and opportunities raised by private sector firms attending the event, laying the foundation for further collaboration to advance Indonesia’s clean energy transition.
Established in April 2021 to advance regional cooperation under the U.S.-Japan Climate Partnership and the U.S.-Japan Competitiveness and Resilience (CoRe) Partnership, JUCEP promotes open, competitive, and transparent energy markets in line with our shared vision of a Free and Open Indo-Pacific (FOIP). The October 21 investment opportunity event advanced climate, commercial and strategic interests shared by Japan and the United States, amplifying:
- Cooperation with Indo-Pacific countries, including Indonesia, to accelerate their decarbonization efforts through competitive private sector investment,
- Policy tools and support available to advance business opportunities for Japanese, U.S., and regional partner energy industries, and
- A joint commitment to accelerate climate mitigation, energy security, and sustainable growth in the Indo-Pacific through support for secure and affordable clean energy technologies.
During the event, 14 Japanese and U.S. government organizations also highlighted tools and support available to accelerate private sector clean energy investment. On the Japanese side, these included the Embassy of Japan in Indonesia, the Japan International Cooperation Agency, the Japanese Ministry of Economy, Trade and Industry, the Japan Bank for International Cooperation, Nippon Export and Investment Insurance, the New Energy and Industrial Technology Development Organization, and the Japan External Trade Organization. On the U.S. side, presenters included the Department of State, the Department of Commerce, the United States Trade and Development Agency, the United States Agency for International Development, the Treasury Department, the United States International Development Finance Corporation, and the Export-Import Bank of the United States.