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Jokowi rates developed countries’ commitment to climate finance as very low

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JAKARTA, iNews.id – President Joko Widodo (Jokowi) encourages the commitment of other developed countries to fulfill all their commitments in achieving NDCs (Nationally Determined Contributions) globally. ASEAN only received US$56 billion, about 10% of developed countries during the period 2000-2019.

This was conveyed by Jokowi during a meeting with leaders of ASEAN countries and US Vice President Kamala Harris at the US Department of State, Washington DC on Friday, May 13, 2022.

“I have to be honest, the commitment of developed countries to implement the issue of climate finance is very weak. This condition is an obstacle to achieving the NDC globally,” the President said in his statement, Saturday (5/14/2022).

Additionally, Jokowi said ASEAN is committed to increasing the proportion of new and renewable energy from 14% in 2018 to 23% in 2025.

“This effort requires at least $367 billion in investment and technology in the clean energy sector. In Indonesia, the energy transition in the next 8 years will require 30 billion dollars,” Jokowi said.

During the meeting, Jokowi also spoke about Indonesia’s great potential for energy transition, namely the renewable energy potential of about 437 GW from both solar, wind and geothermal energy, which currently only reaches 0.3% of the total potential.

“Indonesia also has great potential as a hub for the development of the electric vehicle ecosystem in the region, which we will need in the next 5 years,” President Jokowi said.

Publisher: Faieq Hidayat

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