One of the G20 agendas in Indonesia, the second Energy Transitions Working Group (ETWG) held in Labuan Bajo, East Nusa Tenggara, will formulate the Bali Common Principles preparation in Accelerating Clean Energy Transitions (Compact) concept.
All G20 members have signed an agreement to achieve carbon neutrality based on the needs of their respective countries. The difference, in the meeting, now is that all G20 countries have declared their carbon neutrality plans.
Chairman of the Energy Transition Working Group or ETWG Yudo Dwinanda Priaadi said, “At the first meeting in Yogyakarta, they agreed on three things, namely energy access, technology, and financing. We will discuss these issues further, especially the Bali Compact. we discussed with them to get a preliminary agreement before advancing to the communique.”
In addition to the Bali Compact, the G20 energy transition forum this time will present the progress of three main issues that have become an agreement in Yogyakarta.
“We will carry out several updates regarding the results of stocktake developments. We also have many virtual webinars. These are milestones to reaching a consensus. We are assisted by friends from international organizations,” said Yudo.
According to him, one of the advantages of the G20 forum is creating a global movement. Energy transition and carbon neutrality targets have become global issues since they were first discussed in 2018.
“It’s been four years since the issue of the energy transition has been discussed by everyone and as a group, we are moving together,” said Yudo.
As the G20 Presidency, Indonesia wants to optimize opportunities for accelerating the energy transition through the use of new and renewable energy. Indonesia will compile several project initiatives compiled at the Sherpa while keeping the interests of the G20 in mind.
One of the projects being discussed at the G20 is Brazil’s proposal for a biofuel platform.
“So this is a collaboration in the G20 and outside the G20 to use bioenergy in the future. Everything is studied, which one can be accepted by all members,” said Yudo.
Indonesia itself is proposing a carbon capture program at the Tangguh project, West Papua. The program has a considerable value of up to 3 billion US dollars.
Yudo emphasized that financial and technological support from developed countries is important to implement the global energy transition. This will continue to be encouraged at the G20.
Today Germany will speak as the G7 Presidency and push for the Just Energy Transitions Partnership (JETP).
The JETP cooperation model has been implemented by South Africa with the United States, France, and Germany. The partnership aims to accelerate the decarbonization of South Africa’s industry with a focus on electricity systems with an initial commitment of US$8.5 billion in the first phase.
It is known that the 2nd Energy Transitions Working Group (ETWG) Session of the Indonesian G20 Presidency which was opened by the Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif in Labuan Bajo, NTT, will last for two days on 23-24 June 2022.
The delegation consisted of 20 G20 member countries, 10 invited countries, and 8 international organizations, who attended in person or virtually.
The 2022 G20 Energy Transition Forum consists of a series of meetings starting from ETWG 1 in Yogyakarta, ETWG 2 in Labuan Bajo, and ETWG 3 in Bali, as well as the Energy Transition Ministerial Meeting (ETMM). The highlight of Indonesia’s G20 Presidency is the G20 Summit in Bali.