House of Commons · Written Ministerial Statement
Just Energy Transition Guarantee – Indonesia
15 November 2022 · Foreign, Commonwealth and Development Office
Proposed by Andrew Mitchell Con Sutton Coldfield
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The UK FCDO is proposing a 300,000 liability limit for a new $1 billion guarantee facility to support Indonesia's JETP.
- The FCDO has laid a departmental minute for parliamentary approval and will not proceed until 14 parliamentary sitting days have passed, unless there is special urgency.
- The announcement will be made during the G20 summit in Bali on November 15-16, 2022.
Issue summary
The UK Foreign, Commonwealth and Development Office is proposing a new $1 billion guarantee facility to support Indonesia's Just Energy Transition Partnership (JETP) aimed at reducing climate change impact.
Action requested
The FCDO has laid a departmental minute for parliamentary approval before proceeding with the £300,000 liability limit and will not proceed until 14 parliamentary sitting days after the statement, unless there is special urgency. The announcement will be made during the G20 summit in Bali on November 15-16, 2022.
Key facts
- New $1 billion guarantee facility to support additional lending from the World Bank.
- Conditional on Indonesia implementing energy transition commitments and World Bank reaching its lending limits.
- Announced at G20 summit in Bali between November 15-16, 2022.
- FCDO Ministers and HM Treasury have approved the guarantee proposal.