During the press conference on Wednesday evening (16/11), Positive news for our nation's energy transition has been delivered by the President of Indonesia, Joko Widodo, declared the funding to improve energy transition in Indonesia that has agreed upon in G20 Forum. He answered that there would be 20 billion USD for Indonesia to be committed to Just Energy Transition Partnership (JETP).
It should be noted that the G20 leaders agreed on 52 points in the Bali Declaration to support the achievement of the global community's goals through enhanced efforts and commitment in numerous areas. In two of the 52 points, the G20 Leaders specifically agreed to speed up and achieve an energy transition that is sustainable, fair, affordable, and inclusive investment. These two points are specifically relevant to the energy sector. With this are the two points of the declarations regarding the energy sectors:
The 11th point of the Bali Declaration said that it underscores the urgency to transform and diversify energy systems with speed, resilience, energy security, and market stability by accelerating and ensuring an energy transition that is sustainable, fair, affordable, and inclusive. It reaffirms the commitment to achieving Net Zero Emissions of greenhouse gases by continuing to support developing countries, the demand for especially the most vulnerable ones.
The following 12th point states that it reaffirmed the dedication to attaining Sustainable Development Goal (SDG) 7 as well as their efforts to eliminate energy poverty and bridge the energy access gap. Commitment to identifying solutions to bring about the energy market's stability, transparency, and affordability. The efforts will meet the climate targets by boosting energy security and supply chains, diversifying the energy systems, and accelerating the transition.
In accordance with the 12th point, concrete action has been proposed for the deployment expansion towards zero and low-emission power generation, including renewable energy, policies to improve energy efficiency, and GHG reduction and removal technologies. Knowing how critical it is to move quickly with the development, application, and implementation of transition policies towards low-emission energy systems, including the rapid expansion of clean power generation, including renewable energy, energy efficiency measures, and the early retirement of coal-fired power, in accordance with circumstances and based on national needs to support a just transition.