"Climate change is a global public gamble," Indrawati stated at the Munich Security Conference, as observed here, Saturday.
At the conference organized with the theme of "Power Shifts: Geopolitics of the Green Transition," the minister advocated for collaboration among countries to address the issue of climate change.
She pointed out that countries in the Global South are the most vulnerable to encounter issues in addressing climate change, particularly in terms of the capital and technology aspects.
Indrawati said that the Global South countries are deliberating with each other on energy transition and devising a road map that aligns with their fiscal, political, and accessibility conditions.
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The minister noted that renewable energy development requires a different investment approach as, for instance, the development of geothermal potentials needs an advance capital investment to address risks in its exploration.
Moreover, several countries in the Global South have no access to additional capital to develop renewable energy potentials outside of solar energy.
Hence, it highlighted the urgent need to address the issue properly, and more fortunate countries must not neglect those nations and should assist them, she affirmed.
She noted that Global South countries hold extensive economic potentials that would continue to develop in the future.
"A lot of them are actually capable of developing renewable energy earlier rather than continue using fossil-based fuel and making it cleaner," Indrawati remarked.
On Sunday (February 12), Environment and Forestry Minister Siti Nurbaya Bakar stated that Indonesia had formulated policies and actions to address the impacts of climate change, so as to protect people's lives and ensure national development as well as to partake in global efforts to limit increase in global temperature.
The state has also ratified the Paris Agreement through Law Number 16 of 2016 and issued Presidential Regulation Number 98 of 2021 on the implementation of carbon economic value for achieving Nationally Determined Contribution (NDC) targets and controlling greenhouse gas emissions in national development.
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Translator: Agatha Olivia V, Nabil Ihsan
Editor: Yuni Arisandy Sinaga
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