Grants not a must for energy transition projects

Greater contribution: Workers set steel bars on a building under construction in Jakarta. Indonesia is pushing donors behind the Just Energy Transition Programme to include more grants in their pledges. — AP

JAKARTA: Indonesia’s Just Energy Transition Programme (JETP) can move ahead even without much grant support, says Standard Chartered, one of the banks under the Glasgow Financial Alliance for Net-Zero (GFANZ) that have pledged its support for the initiative.

Standard Chartered corporate and investment banking co-head Sunil Kaushal said grant aid was not a prerequisite for an energy transition programme such as the JETP.