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B20 Task Force Provides Policy Recommendations on Energy Transition
B20 Task Force Provides Policy Recommendations on Energy Transition

BriefingWire.com, 3/22/2022 - The B20 Energy, Sustainability & Climate Task Force, led by state-owned oil giant PT Pertamina (Persero), has provided policy recommendations and actions for sustainable energy transition. The statement was delivered by Chair of B20 Energy, Sustainability, and Climate Task Force Nicke Widyawati during the 3rd stakeholder consultation task force energy, sustainability and climate sustainable finance held virtually on Friday (18/3).

The Business 20, or B20, is an outreach group from the G20 that represents the international business community. "So as part of engaging group in the G20, the B20 Energy, Sustainability & Climate Task Force will provide policy recommendations and actions for sustainable energy transition with three focus on part of priority issue that trigger to the outline of President Joko Widodo's directive," Widyawati, concurrently the president director and CEO of PT Pertamina, stated.

In accordance with the directive President Joko Widodo had delivered at the G20 Summit last year, the G20 must become the curtains for bringing recovery and going hand in hand with the principles of energy security, energy equity, and environmental sustainability, she said. To this end, there were three focus areas.

First, accelerating the transition to sustainable energy use by enhancing global cooperation to accelerate the transition to sustainable energy use by reducing carbon intensity of energy use.

Second, ensuring a just, orderly and affordable transition by enhancing global cooperation to assure sustainable energy use across developed and developing countries, she said.

Third, enhancing global cooperation on increasing consumer level energy security by improving access to energy and ability to consume clean and modern energy.

The task force is aware of the importance of ratification of renewable energy based generation and energy efficiency as the main pillars of the energy transition and investment in technology and energy sector. The B20 Energy, Sustainability & Climate Task Force becomes a very valuable source for a range of perspectives, she said.

She stated that rising greenhouse concentration in the atmosphere is causing global warming leading to climate change, ocean acidification and biodiversity losses. "The largest contribution to greenhouse gas emission comes from the energy sector which makes the transition to sustainable energy use becomes the most critical challenges of our time," Widyawati said.

The Intergovernmental Panel on Climate Change (IPCC) estimates and indicates that the global average temperature last approximately 1.1 degrees Celcius above the industrial level. The consensus limit to avoid catastrophe climate change is being limited to a maximum of 1.5 degrees Celcius, she said.

"So there is a limitation period that we have to take drastic action to accelerate net-zero emission and to curb greenhouse gas emission," she said, adding that the carbon emission contribution from energy is in the range of 20 percent up to 36 percent compared to the deforestation which is in the range of 44 percent up to 62 percent, she said.

However, Widyawati emphasized, this cannot be an excuse for industry players especially in energy sector to not take part in reducing greenhouse gas emission. She said that global cooperation for government capacity enhancement institutionally formed market development, sharing of technology, and financing.

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