This report reveals the connections between elite actors surrounding President and Vice President Prabowo Subianto and Gibran Rakabuming Raka and businesses that hinder a just energy transition, particularly in the critical minerals sector and coal-fired power plants. The findings show that Indonesia’s energy transition risks being captured by the narrow interests of political and business elites, which threatens the achievement of a fair and sustainable Net Zero Emission (NZE) target.

Drawing on open data collected from October 2024 to May 2025, the report finds that a number of political elites, public officials, and business figures are affiliated with energy transition-related businesses. Their involvement creates opportunities for state capture, in which public policy is steered to benefit specific groups rather than the public interest.

The report calls for stronger accountability mechanisms and oversight of public actors with links to the energy sector. It also stresses that efforts to accelerate the energy transition must be grounded in principles of justice, public participation, and the protection of the environment and affected communities.