Indonesian President Joko Widodo (Jokowi) explained to the leaders of the G20 countries at the first session of the Council a number of efforts that can be made to overcome the increase in Earth’s temperature, which is expected to continue to rise over the over the next five years. G20 India Summit held at Bharat Mandapam, IECC, Pragati Maidan, New Delhi, India, Saturday (09/09/2023).

“Our earth is sick. Last July, global temperatures reached an all-time high and are expected to continue to rise over the next five years. This will be difficult to bear unless the world addresses it decisively. massive and radical,” said President Jokowi.

Seeing this, the Head of State declared that accelerating the low-carbon economic transition was one of the efforts that could be made. The President believes that at present, the implementation of emissions reduction is still very limited.

“Financial commitments from developed countries remain limited to rhetoric and paper, whether it is climate finance of $100 billion per year or financing facilities. loss And Shame,” he said.

Furthermore, President Jokowi revealed that currently developing countries need help in green technology and investments to accelerate the reduction of emissions worldwide.

“We are developing countries, we really want to accelerate the reduction of emissions, but we need support for technology transfer and green investments,” the President said.

In addition, the president also said that funding to accelerate emissions reduction was also considered important. Collaboration between government and the private sector must be continued as it is considered to be a big game-changer in reducing emissions.

“Last year in Bali, Indonesia launched the G20 Bali Global Blended Finance Alliance, a program Partnership for a just energy transition “This (JETP) needs to be extended and expanded,” the president said.

For this reason, the President said that global standards are needed, particularly in terms of bundling economic and commercial activities to prevent this practice. greenwashing.

“Global standards are needed, such as a taxonomy to prevent greenwashing practices and the reform of the Multilateral Development Bank (MDB) must reflect the representation of its member countries,” explained the president.

The President was also accompanied at the meeting by Coordinating Minister for Economic Affairs Airlangga Hartarto, Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, Minister for Foreign Affairs Retno Marsudi and Minister for Finance Sri Mulyani. (BPMI SETPRES/AIT)