English | 简体中文 | 繁體中文 | 한국어 | 日本語
2022年3月10日 20時00分 JST
Share:
B20 Task Force Proposes 3 Green Energy Transition Recommendations
- To be presented at the G20 high-level meeting in Bali in November 2022 -

JAKARTA, 2022年3月10日 - (JCN Newswire) - The B20 Energy, Sustainability & Climate Task Force, led by the largest Energy State-Owned Enterprise in Indonesia PT Pertamina (Persero), has proposed three green energy transition recommendations to be presented at the G20 high-level meeting in Bali in November 2022.

The three recommendations were agreed upon during the Business 20 (B20) Inception Meeting held virtually at the end of January 2022, as noted in a release issued by PT Pertamina and received here on Thursday.

The Business 20, or B20, is an outreach group from the G20 that represents the international business community.

Chair of B20 Energy, Sustainability, and Climate Task Force Nicke Widyawati emphasized the importance for Indonesia to transition to green energy as mandated by President Joko Widodo.

According to Widyawati, the energy transition effort is a challenge for all, but it should also be viewed as an opportunity to create sustainable economic growth in future by implementing good established scenarios and roadmaps, especially with regard to the financial aspects.

"The B20 Energy, Sustainability and Climate Task Force has the same priorities as Indonesia's G20 presidency in which we must be a strong green energy catalyst and go hand in hand with the principles of energy security, energy equity, and environmental sustainability," Widyawati, concurrently the president director of state-owned oil giant Pertamina, stated.

She further noted that the Task Force will formulate some policy recommendations for sustainable energy transition, with focus on three priority issues.

- First, the Task Force will put forth the recommendation on accelerating transition to sustainable energy use in order to ensure that global warming is limited to a maximum of 1.5 degrees Celsius.

With regard to such a recommendation, the main efforts identified for the energy transition policy is the development of alternative fuel industries around the use of hydrogen and biofuels.

- The second issue for recommendation is to ensure a fair and affordable way of transition as well as global cooperation on impact mitigation and support for adaptation to changes brought about by energy transition.

- The third is global cooperation in increasing energy security for households and MSMEs as a means to end extreme poverty and accelerate energy transition to sustainable energy use.

"Those three priority issues will form the basis for formulating policy recommendations from the Energy, Sustainability and Climate Task Force by considering other critical issues, such as carbon pricing, global cooperation, livelihoods, and institutional development for financing and technology adoption," Widyawati explained.

She also stated that energy is a binding constraint for sustainable economic growth and is a crucial matter for economic development to recover from the impact of the COVID-19 pandemic.

She also emphasized that urgent and focused action was currently needed to address various global challenges, including the lagging rate of energy transition, climate change due to anthropogenic greenhouse gas (GHG) emissions that have become a critical issue, and economic growth depending on fossil fuel energy consumption that contributed to most of the GHG emissions.

Widyawati also pressed for expediting energy transition globally while continuing to increase energy security and equity in an effort to sustain economic growth and reduce extreme poverty.

In addition, the financing gap must be bridged and investment must be shifted more to the energy transition infrastructure that can be paid for by carbon pricing, she remarked.

Widyawati also accentuated the importance of ensuring energy equity by increasing access to and affordability of clean and modern energy that is not only essential for a successful transition but also delivers environmental and economic benefits.

"Renewable energy-based power generation, electrification, and energy efficiency are the main pillars for faster energy transition, technology investment, and energy transition sector," she stated.

"However, developing countries still lack frameworks, well-established governance, markets, advanced financial services, trained workforce, and access to advanced technology. Those aspects are needed for changes (in energy transition), and all of them are owned by developed countries," she remarked.

At the B20 Inception Meeting, the Task Force Deputy Chair Agung Wicaksono stated that in order to seek inputs from businesspersons, the Task Force had also conducted a survey.

The survey covers 13 potential issues: institutional development, global cooperation, alternative energy sources, differential rates per sector, prevention of new carbon lockouts, carbon pricing, mitigation of financial impact, mitigation of loss of livelihoods, standardized ESG frameworks, ensuring orderly transitions, increasing access, affordability and adoption of end-user technologies.

Wicaksono stated that the survey results became the basis for the Task Force to formulate recommendations.

He also acknowledged that the energy transition efforts will require structured and committed global cooperation in improving governance capacity, supporting market development, channeling finance and technology, and upgrading workforce skills.

"The spirit, hard work, and commitment of this meeting continues, and it will bring global change for the better after the COVID-19 pandemic, so that we can Recover Together, Recover Stronger," he remarked.

Written by: Yuni Arisandy Sinaga, Editor: Fardah Assegaf (c) ANTARA 2022

Media Contact: Fajriyah Usman, Vice President Corporate Communications, PT Pertamina (Persero)
Mobile: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.com

トピック: Press release summary
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
三菱重工、南フランス・核融合実験炉イーター向けダイバータ外側垂直ターゲット12基を追加受注 
May 20, 2024 13:00 HKT/SGT
富士通、論理推論を可能とする大規模言語モデルの研究開発が「GENIAC」に採択 
May 17, 2024 14:00 HKT/SGT
Honda、将来のSDV実現に向け、IBMと次世代半導体・ソフトウェア技術の長期共同研究開発に関する覚書を締結 
May 15, 2024 10:00 HKT/SGT
富士通、スーパーコンピュータ「富岳」の世界ランキング結果を発表 
May 13, 2024 19:00 HKT/SGT
三菱重工など、電力系統の混雑緩和を実現するシステムのフィールド実証を開始 
May 10, 2024 11:50 HKT/SGT
ソニー独自のマイクロサージャリー支援ロボットを開発 
May 9, 2024 18:00 HKT/SGT
Honda、インドでの電動化の加速に向けた研究開発拠点をベンガルールに開設 
May 9, 2024 13:50 HKT/SGT
LEXUS、「LM」に6座仕様車を追加設定 
May 9, 2024 13:45 HKT/SGT
富士通、がんのタイプ分けなどのゲノム医療分野の課題を世界最高精度で解く、説明可能なAI技術を開発 
May 9, 2024 13:30 HKT/SGT
アフリカがついに日本のビジネスにおける国境を開放 
May 8, 2024 15:00 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575