PT SMI as the ETM Country Platform Manager

Energy Transition Mechanism (ETM) is a program to increase the development of energy infrastructure and accelerate the energy transition towards Net Zero Emissions (NZE) with the principles of just and affordability.

PT SMI as the ETM Country Platform Manager
About Energy Transition Mechanism Country Platform

The Government of Republic of Indonesia through the Ministry of Finance established the country platform for Energy Transition Mechanism (ETM Country Platform) on November 14, 2022, in a series of the G20 Side Event. ETM Country Platform is a framework to provide necessary financing support to accelerate the national energy transition, by mobilizing commercial and non-commercial funding sources in a sustainable manner.

The Ministry of Finance has appointed PT SMI as the ETM Country Platform Manager to develop the financing and investment framework for the ETM program in Indonesia.

The ETM program will be funded through a blended finance scheme managed by PT SMI. The source of funding is from public and private investments, such as government agencies, development banks, commercial banks, climate change funds, equity investors, insurance companies, as well as local and international philanthropists, to mobilize the funds in the early retirement of coal-fired power plants and the development of clean and renewable energy.

ETM Country Platform Manager Partners

As ETM Country Platform Manager, PT SMI collaborates with various institutional partners such as:

Type Partners
Grant Partners Bloomberg Philanthropies & ClimateWorks Foundation’s Global Energy Transition Initiative, UK MENTARI, and Global Energy Alliance for People and Planet (GEAPP).
Financing Partners Asian Development Banks (ADB), World Bank, Islamic Development Bank (IsDB), Climate Investment Funds, HSBC, Standard Chartered, Japan Bank for International Cooperation (JBIC), and MUFG.
Knowledge & Technical Partners United States Agency for International Development (USAID), Global Green Growth Institute (GGGI), Climate Policy Initiative (CPI), United Nations Development Programme (UNDP), Rocky Mountain Institute (RMI), Climate Bonds Initiative (CBI) and Tony Blair Institute for Global Change (TBI).
Investment Partners Indonesia Investment Authority (INA).