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Follow up energy transition cooperation at G20 Summit: Minister
Written by Nur Yasmin
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Finance Minister Sri Mulyani highlighted that the energy transition cooperation, worth US$20 billion, announced at the G20 Summit, should be followed up through an energy transition platform mechanism.
"During the G20 Summit, an energy transition partnership, amounting to US$20 billion, has been agreed upon. This must be followed up with the energy transition mechanism platform that has now received a commitment of US$500 million, with an opportunity to be increased to US$4 billion," the minister stated after attending an evaluation meeting on the implementation of the G20 Summit with President Joko Widodo here on Monday.
Mulyani noted that state electricity company, PLN, should conduct the follow up since it involved energy transition from non-renewable to renewable energy.
"Later, we will talk with various Independent Power Plants that have been working with PLN, and how the energy transition needs to be supported by policies, including incentives, both taxation and non-taxation. This is probably the biggest follow-up, as it involves energy transition and this is a concern for the G7 countries, China, and countries in the Middle East," she remarked.
On the other hand, the meeting with the president also discussed a pandemic fund for the health sector, valued at US$1.5 billion, which will be followed up by the Indonesian health minister.
"The Health Minister, Budi Gunadi Sadikin, submitted a proposal for use, especially for Indonesia, but also for cooperation between countries. All of this will be carried out in the coming months, so that we can benefit from cooperation and funding as well," Mulyani remarked.
As for the digital economy, which is the third priority of Indonesia's G20, she stated that apart from launching the payment system cooperation among ASEAN countries and digital currency from the central bank, Indonesia will also continue to encourage financial inclusion, especially for financial institutions and digital-based finance, both banks and non-banks. (Antaranews)
