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.
Indonesia has committed to achieving net zero emissions by 2060, he stated.
Through the 2022 G20 Leadership, Indonesia plays a role in formulating the Bali Common Principles in Accelerating Clean Energy Transitions (COMPACT) that will be used as a guideline or principle to support the implementation of energy transition.
Transition to eco-friendly energy sources can create millions of jobs, reduce dependency on fossil fuels, and encourage technology transfer to develop manpower skills, especially for workers in developing country, he remarked.
One of the main keys in energy transition is the partnership between the public and the private sector. In addition, obtaining the global market share for renewable energy is supported by certain conditions, according to Hartarto.
These conditions include decline in coal and moderate growth in natural gas capable of expediting the expansion of the renewable energy share in the global market.
Indonesia will also utilize the strategic international capital that it has as the G20 President, UN GCRG Champion, and ASEAN Chair in 2023.
This capital will be utilized to mobilize solutions and develop strategies to help countries in handling the ongoing food, energy, and climate crisis.
Meanwhile, Indonesia's national economic performance shows a rapid growth based on the economic growth that had reached 5.4 percent (yoy) in the second quarter of 2022 and inflation rate at 4.94 percent (yoy) as per July 2022
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Translator: Kuntum Khaira R, Fadhli Ruhman
Editor: Suharto
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