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The 1st Energy Transitions Working Group (ETWG) session on March 24-25, 2022 in Yogyakarta, which was officially opened by the Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif, was completed on Friday (25/3).
During the trial, the issue of energy accessibility, improving clean energy technology, and increasing energy financing which are the three pillars of the ETWG G20 Indonesian Presidency were unanimously agreed to be on the agenda of this year's G20 ETWG.
ETWG Chair Yudo Dwinanda Priaadi reported that the joint commitment to achieve Net Zero Emissions (NZE) as well as to realize the targets for development goals (Sustainable Development Goals/SDGs) in 2030.
"G20 members expressed the importance of having a clear and ambitious joint plan to achieve SDGs 2030. To achieve this, technology cooperation and partnerships are very important," Yudo said in an official statement, Friday (25/3).
G20 members are also strengthening the importance of energy supply chain security and resilience amidst the challenges of global economic market uncertainty. This effort also aims to ensure energy security and energy transition processes.
Inclusive and equitable energy transitions also received full attention during the ETWG session. All types of technologies and fuels are important to consider in accelerating the energy transition as well as considering the economic benefits.
The G20 presidency is also committed and coordinated to formulate issues of accessibility and technology improvement.
"This will help G20 members to prioritize actions in increasing investment, accelerating technological progress and securing access and transition in diverse contexts," added Yudo.
He added, the G20 action plan in expanding international cooperation. One of the highlights is generator decarbonization technology.
"Indonesia as the President of the G20 wants to identify new areas of cooperation. We agree that technology to decarbonize the power generation sector and other industries is very important and must be the main action plan to fulfill the commitments of the leaders," he said.
Equally important, the G20 action plan will also emphasize the importance of mobilizing finance for the energy transition, alongside priorities on accessibility and technology. This is in line with President Joko Widodo's direction on the importance of funding in accelerating the energy transition, and the G20 has become an important forum to mobilize these needs.
Without the full support of all stakeholders to provide funding, the energy transition cannot be on track.
Yudo continued, all G20 countries agreed that the ETWG must produce more concrete deliverables. Indonesia presented the ETWG work plan which was welcomed by all delegates.
The results of the ETWG-1 session will be reviewed at the 2nd ETWG meeting in June 2022 in Labuan Bajo. "The hope is that during the ETWG-3 in September in Bali, we will agree on the G20 Energy Minister's output and communique," concluded Yudo.