President Joko Widodo symbolically receives the G20 presidency from Italian PM Mario Draghi at the G20 summit 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 a global deal on accelerating 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 top priorities. The energy transition working group (ETWG) zeroes in on energy access, technology, and funding.
In a speech read by Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, President Joko “Jokowi” Widodo said energy transition would require a substantial amount of funding. This will place a heavy burden on developing nations, particularly in the middle of the Covid-19 pandemic.
It is also imperative to ensure a just energy transition by minimizing the negative socio-economic impacts. And so, Indonesia calls for robust global cooperation.
“This calls for robust global cooperation. This is what we will establish in G20 Indonesia. This is what we meant by global deal,” Luhut said, while reading Jokowi’s remarks, at the G20 energy transition launch on Thursday.
Greener industries are also an integral part of the energy transition. In this regard, Indonesia has begun constructing a green industrial park in North Kalimantan.
“Here, we need the role of investment and contributions from the private sector, philanthropy, innovative financing that can affirm the developed nations’ commitment to provide $100 billion a year [in climate finance] for its developing counterparts,” Luhut said, still reading Jokowi's speech.
“I [Jokowi] will ask for a global commitment or a global deal from every G20 leader to jointly agree on concrete steps in accelerating energy transition,” he added.
Indonesia aims to reach net-zero emission by 2060 or sooner.
During last month’s World Economic Forum (WEF) discussion, President Jokowi revealed that Indonesia needed $50 billion to switch to renewable energy. And a further $37 billion for the sectors of forestry, land use, as well as marine carbon.
THE LATEST
B-Universe Signs Partnership Deal with KPU for Election Coverage
November 10 #POLITICS
Putin to Skip G20 Summit
November 10 #INTERNATIONAL
Indonesia Builds First National Data Center
November 10 #TECH
Panin Investment Commissioner Accused of Bribing Tax Officials
November 10 #CORRUPTION
POPULAR READS
+ MORE
BPOM Revokes Licenses of Two Pharma Distributors over Dangerous Chemicals
#LEGAL CASES
Indonesia Builds First National Data Center
#TECH
The Role of Gas in Indonesia’s Net-Zero Journey
#ENERGY & MINERALS
Panin Investment Commissioner Accused of Bribing Tax Officials
#CORRUPTION
These 73 Syrup Medicines are Banned for Containing Harmful Chemicals
#HEALTH
Putin to Skip G20 Summit
#INTERNATIONAL
Supreme Court Justice Named Graft Suspect
#CORRUPTION
PSSI Appeals to Gov’t for Liga 1 Resumption
#SPORTS
B-Universe Signs Partnership Deal with KPU for Election Coverage
#POLITICS
RECOMMENDED STORIES
NEWS
BUSINESS
LIFESTYLE
TECH
INDEX
TAGS
ABOUT US
PRIVACY POLICY
CAREERS
DOWNLOAD OUR APPS
COPYRIGHT @2022 JAKARTA GLOBE. ALL RIGHTS RESERVERD
NEWS– BUSINESS– LIFESTYLE– TECH
INDEX– TAGS
DOWNLOAD OUR APPS
About Us – Privacy Policy
COPYRIGHT @2022 JAKARTA GLOBE