Indonesia’s Energy Transition Mechanism Country Platform : Reconciling Indonesia’s Clean Energy Transition and National Energy Security Under The Context of Coal Phasing Imperative

In the face of climate mitigation efforts that currently strive to refine its form to avoid disruption in the pursuit of a steady-state economy, the paper explores how the highly relied-upon coal interest of Indonesia is undergoing readjustments. By dissecting the elements of ETM development, the country's response to the global climate action – especially under the context of COP 26, being the first summit to ever specifically target the coal industry in its dialogue – is put under the examining lens. By delving into the current state of Indonesia Energy Transition Mechanism components, the paper aims to address the non-existing clear mechanism of an early retirement plan. The components will consist of the Country Platform, the Energy Transition Projects for Mitigation in the form of Emission Reduction (ER) efforts, Funding Source, and Carbon Financing. The response to the findings will take the form of a programme that embodies a financing mechanism that will act upon the element of interregional coordination focusing on early retirement of PLN-owned CFPP. The components of the programme will answer the identified gaps within its regulatory and operationality facet, and the financing mechanism is hoped to become a catalyst of a quicker, more stable technology-driven green energy sector, and can further facilitate the shift of the country’s pathway to a less energy-intensive economy – or in a more ambitious prospect: the total decoupling of GDP and energy.