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Monday, 28 September 2020 16:56

Gov't Calls For Energy Market Stability In The G20

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Workers check solar panels on top of a building, in Jakarta, Aug. 31, 2020 Workers check solar panels on top of a building, in Jakarta, Aug. 31, 2020 ANTARA FOTO/Reno Esnir

The Indonesian government calls on G20 member countries to jointly maintain market stability and energy supply security amid the challenges of the global economy and the situation of the Covid-19 virus pandemic.

"Covid-19 has created an economic crisis and reduced energy demand. We recommend that all G20 members work hand in hand to ensure the stability of the energy market and maintain affordability," Minister of Energy and Mineral Resources Arifin Tasrif said in a written statement received in Jakarta, on Monday.

He said that to overcome problems in the energy sector, Indonesia is promoting New and Renewable Energy (EBT) as an investment recovery project.

"Indonesia is preparing a breakthrough policy that is more environmentally friendly for investors," he said.

Concrete steps taken by the Indonesian government are to strengthen collaborative data together in the broader and more transparent energy sector through the existing platform, namely the Joint Organization Data Initiative (JODI).

"This collaboration (data) will improve the quality and transparency of data and information. This will certainly stimulate energy investment," Arifin said.

JODI is an initiative to provide open global energy data which is the result of the collaboration between six international organizations and their member countries, namely: Asia Pacific Economic Cooperation (APEC), Statistical Office of the European Communities (Eurostat), Gas Exporting Countries Forum (GECF), International Energy Agency (IEA), Latin American Energy Organization (OLADE), Organization of the Petroleum Exporting Countries (OPEC), United Nations Statistics Division (UNSD) which is then coordinated by the secretariat of the International Energy Forum.

The initial formation of JODI was only intended for global oil data and began to expand its scope in the gas sector in 2008.

At the G20 Energy Sustainability Working Group (ESWG) meeting in 2020, member countries hoped that the scope of JODI was expanded again for all energy sectors. (Antaranews)

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