I do not wish for unfair treatment, as the emission issue is the world's issue.
Jakarta (ANTARA) - Investment Minister and Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia, in a statement on Wednesday, urged G20 countries to handle the gap in green investment flow between developed and developing countries.

Only one-fifth of green energy investment enters developing countries that constitute two-thirds of the world's population, he stated during the Second Trade, Investment, and Industry Working Group (TIIWG) Meeting in Surakarta, Central Java.

G20 is an international forum comprising 19 countries and the European Union that work together to handle major issues. Indonesia is holding the presidency of the grouping this year.

The TIIWG was established in 2016 as part of the G20 working group to discuss major trade and investment issues as well as to coordinate efforts by G20 nations to strengthen global trade and investment.

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In addition, Lahadalia noted that the price of carbon credit from developed countries' green projects is deemed to be more expensive as compared to developing countries.

The price of carbon in developing countries is US$10, while it is priced at US$100 for developed countries. This is despite the fact that in various international forums, countries around the world had agreed to reduce greenhouse gas emissions.

To this end, the minister urged G20 countries to handle carbon price management in a fair manner to prevent a significant gap in the green investment flow.

"I do not wish for unfair treatment, as the emission issue is the world's issue," he emphasized.

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It is time for countries to sit at the same level within the forum for the benefit of the world, he stated.

Discussion on green investment that supports global economic recovery was included within one of the points of discussion at the second TIIWG meeting.

The other two involved the World Trade Organization (WTO) reformation and Trade, Investment, and Industry Response toward Pandemic and Global Health Architecture.

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Translator: Aditya Ramadhan, Fadhli Ruhman
Editor: Fardah Assegaf
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