G-20 News

Indonesia seeks G20 membership in its energy transition program

JAKARTA (Reuters) – G20 chair Indonesia on Friday urged member countries to commit to its proposal to embrace clean energy, days after the group’s climate talks ended without a clear agreement.

Indonesia, one of the world’s biggest carbon emitters, wants the Group of 20 major economies to use its non-binding Bali Pact as the basis for meeting its commitments to reach net zero emissions, its finance minister has said. ‘Energy to his G20 counterparts in Bali.

G20 climate talks earlier this week failed to produce a joint statement and Britain’s climate chief Alok Sharma told Reuters on Thursday that some of the world’s major economies were backtracking on their emissions commitments.

Indonesia, a major exporter and user of coal, has joined a global commitment to phase out the use of coal and wants almost a quarter of its energy to come from renewable sources by 2025, up from around 12% currently.

“What is important now is that we work together to coordinate policies, strengthen cooperation and ensure that our energy transition agenda moves forward,” Indonesian Energy Minister Arifin Tasrif said.

Political cartoons about world leaders

Highlighting the challenges ahead, the International Energy Agency said in a report on Friday that Indonesia needed to ensure policy reforms were put in place so it could transition to cleaner energy faster, noting that the technology was already commercially available and profitable.

The Bali Pact, details of which were not immediately available, aims to strengthen national energy planning and implementation, boost investment and financing, and improve energy security, Arifin said at the meeting. bali.

The Indonesian president did not issue a joint statement after the G20 climate talks earlier this week, as efforts were derailed due to what sources said were objections to the language used on climate targets and the war in Ukraine.

(Reporting by Fransiska Nangoy, Bernadette Christina Munthe; Editing by Martin Petty)

Copyright 2022 Thomson Reuters.