"Developed countries have expressed their commitment to helping press climate change effects, yet their commitment, so far, is merely on paper," the C20 Sherpa, A. H. Maftuchan, stated during the C20 forum meeting in Bali on Tuesday.
Indonesia could demand developed countries in the G20 to promptly realise their commitment to supporting the energy transition to reduce greenhouse emissions and address climate change.
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Apart from demanding the realisation of commitment to address climate change, the executive director of non-governmental organisation Prakarsa also urged developed countries to reduce the remittance fee to bolster financial transactions between countries.
"Some countries still peg their transfer fee as being too high. Despite the global average (of the remittance fee) being six percent, some countries, such as Australia, still peg the fee to 12 percent. For workers, (the reduction in the remittance fee) will help them significantly," Maftuchan remarked.
The C20 will urge countries to levy a maximum of three percent for the remittance fee to help migrant workers working overseas that are sending money to their families at home, he noted.
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"We hope this would become the global standard, and workers of other countries can also benefit from this consensus," the C20 Sherpa stated.
He also highlighted that the three-percent remittance fee standard had been agreed by the United Nations (UN) to achieve targets of the Sustainable Development Goals (SDGs).
"Our calls to reduce the remittance fee to three percent is also to demonstrate that G20 is compliant with the global consensus achieved in the UN. This is because the consensus is in the form of a gentleman agreement, we will be ashamed if we fail to realise it in this limited group," Maftuchan stated.
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Translator: Azis Kurmala, Nabil Ihsan
Editor: Fardah Assegaf
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