The G20 encourages a transparent energy transition for vulnerable people

The Indonesian G20 Presidency recognizes the importance of a sustainable economic recovery from the COVID-19 pandemic, including in the energy transition process

Jakarta (ANTARA) – The G20 Sherpa meeting continued the deliberations of the third session, on the theme of seamless energy transition, especially for the vulnerable community.

“The Indonesian G20 Presidency recognizes the importance of a sustainable economic recovery from the COVID-19 pandemic, including in the energy transition process,” said Edi Prio Pambudi, the G20 co-sherpa, who is simultaneously Assistant for the Coordination of International Economic Cooperation of the Coordinating Ministry. of Economic Affairs, noted in a statement on Wednesday.

The G20 Sherpa Meeting is a forum for G20 countries to discuss issues related to energy, development, tourism, digital economy, education, labor, agriculture, trade , investment, industry, health, anti-corruption, environment and climate change.

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During the third session of the G20 Sherpa Working Group, discussions took place on the plight of people living in remote and vulnerable areas facing energy scarcity, environmental degradation and climate change that could hamper the economic growth of local communities.

“To ensure responsible energy use and the implementation of environmental and climate conservation, G20 member countries must continue to implement anti-corruption provisions. The Indonesian G20 Presidency emphasizes the importance of the values ​​of transparency and accountability, both in the public and private sectors,” Pambudi remarked.

Coordinating Minister for Economic Affairs Airlangga Hartarto stressed that economic recovery in one country is meaningless without recovery in other countries.

The G20 Sherpas in the Energy Transition Task Force also reaffirmed their commitment to preparing for and implementing a more inclusive and sustainable energy transition, Pambudi noted.

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He said that the working group also foresees concrete actions encompassing universal accessibility to energy, in particular for archipelagic countries; maximizing smart and clean technologies and establishing an innovation ecosystem; and facilitate investments in the energy sector, particularly those that would help mitigate the impacts of climate change.

Strengthening the recovery of developing countries, least developed countries and small island developing countries is one of the priority programs of the development working group, with discussions linked to the opportunities, challenges and actions that will be included in the “G20 Roadmap for a Stronger Recovery”. and resilience,” he said.

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“The roadmap will focus on increasing the productivity and competitiveness of micro, small and medium-sized enterprises (MSMEs), social security with the ability to adapt to future crises, and more sustainable growth. through the concept of green economy and blue economy through a low carbon development strategy,” Pambudi remarked.

To achieve the intended goal, the committee plans to promote financing schemes that combine multiple sources of financing that need to be considered, he added.

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