President Joko Widodo symbolically gets the G20 presidency from Italian PM Mario Draghi at the G20 top in Rome on October 31,2021 (Presidential Secretariat’s Press Bureau/Laily Rachev)
BY: JAYANTY NADA SHOFA
FEBRUARY 10, 2022
Jakarta. Indonesia seeks to achieve an international deal on speeding up energy transition out of its G20 presidency this year, the government announced on Thursday.
Indonesia’s G20 presidency has chosen energy transition as one of its leading priorities. The energy shift working group (ETWG) nos in on energy access, technology, and financing.
In a speech read by Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, President Joko “Jokowi” Widodo said energy transition would need a considerable quantity of funding. This will position a heavy burden on establishing countries, particularly in the middle of the Covid-19 pandemic.
It is also crucial to make sure a just energy shift by minimizing the negative socio-economic effects. And so, Indonesia calls for robust global cooperation.
” This calls for robust global cooperation.
Greener industries are likewise an essential part of the energy shift. In this regard, Indonesia has actually started building a green commercial park in North Kalimantan.
” Here, we require the function of financial investment and contributions from the private sector, philanthropy, ingenious financing that can verify the industrialized nations’ dedication to offer $100 billion a year [in climate finance] for its developing equivalents,” Luhut said, still checking out Jokowi’s speech.
” I [Jokowi] will request a worldwide commitment or an international offer from every G20 leader to collectively settle on concrete steps in accelerating energy transition,” he included.
Indonesia intends to reach net-zero emission by 2060 or faster.
Throughout last month’s World Economic Online forum (WEF) conversation, President Jokowi revealed that Indonesia needed $50 billion to change to renewable resource. And a further $37 billion for the sectors of forestry, land use, as well as marine carbon.
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