Indonesia Asks Commitment from G20 Countries to Its Clean Energy Proposal
- September 2, 2022
- Posted by: Quatro Strategies
- Category: Cleantech
G20 chair Indonesia urged member countries to commit to its proposal to adopt clean energy, as the group’s climate talks ended with no clear agreement. Indonesia, one of the world’s biggest carbon emitters, asks the G20 economies to use its non-binding Bali Compact as a guideline to reach net zero commitments.
Earlier this week, G20 climate talks failed to reach an agreement on a joint communique and UK’s climate delegate Sharma said some of the major economies of the world have been stepping back from emissions commitments.
Indonesia, major consumer and exporter of coal, has joined a global promise to phase out coal. The country aims to generate almost a quarter of its energy from renewable sources by 2025, up from around 12% currently.
Indonesian Energy Minister Arifin said the important points are working together to coordinate policies, strengthening cooperation and making sure their energy transition plans move forward.
The International Energy Agency said in a report that Indonesia needs to ensure policy reforms to take place so it can achieve its clean energy goals faster. The agency underlined that the technology is already available and cost effective.
The details of the Bali Compact have not been revealed, but Arifin said during the Bali meeting that it seeks to strengthen national energy planning and implementation, boost investment and financing and improve energy security.
Indonesia did not release a joint communique after G20 climate talks earlier this week, with efforts said to be derailed by objections over language used on climate targets and the war in Ukraine.
Subscribe to Top Insights Today
The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights
Join the ranks of global executives and subscribe to Top Insights Today
Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business