Energy, Sustainability & Climate B20 Task Force Supports Energy Transition in G20 Through Business Action

Jakarta, March 26, 2022 - Energy, Sustainability & Climate (ESC) Business Group 20 (B20) Task Force affirms its commitment to support the three main issues of energy transition presented by the Minister of Energy and Mineral Resources, Arifin Tasrif, at the Energy Transition Working Group (ETWG) forum in the Government Group 20 (G20). The three energy transition issues are access, technology, and funding.

Deputy Chair of the ESC B20 Task Force, Agung Wicaksono, said that the three main issues of the energy transition are very important for the business community, who are members of the ESC B20 Task Force. This energy, sustainability, and climate task force works and collaborates with the business community to support the energy transition agenda and proposed action plans to achieve energy transition goals and targets.

"We also understand that the role of business in the energy transition agenda is in line with the priority issues of the Energy Transition Working Group," said Agung at the ETWG G20 event that took place in Yogyakarta on Friday, March 25, 2022.

According to Agung, the three main issues of energy transition presented by the ETWG G20 are also in line with the issues and interests of the ESC B20 Task Force. First, related to access. Securing energy accessibility where the business community will pursue accessibility advancements to realize affordable, reliable, sustainable, and modern energy. It includes energy access, energy transition, electrification in rural areas, and clean cooking.

The second issue is the improvement of smart and clean energy technology. With this issue, the business community will pursue technological improvements, especially to anticipate the challenges of the energy transition in the future, including the integration of renewable energy, energy efficiency, low emission alternative fuels, and more.

The third issue is regarding sustainable energy financing. The business community will also encourage a green finance ecosystem through collaboration with all financing communities taking into account best business practices and methods.

"From the three pillars, we at TF ESC B20 are currently outlining action vectors, translated into recommendations and policy actions," said Agung.

As it is known, ESC B20 Task Force has three main vectors, namely accelerating the transition to sustainable energy use, ensuring a just and affordable transition, and increasing global cooperation to ensure energy security. Through these three vectors, ESC B20 Task Force is currently developing 14 policy actions.

“The business community plays a role in realizing the energy transition, especially through business action, by producing concrete actions solutions. In addition to the cooperation that has been carried out by Pertamina with national and international business partners for decarbonization, more business actions need to be produced by business actors through B20 as a dialogue partner of the G20," said Agung.

Agung continued, Pertamina has implemented the energy transition business action as part of the ESC B20 Task Force. Pertamina has collaborated with partners to encourage global partnerships in the distribution of finance, technology, and capacity building. The collaboration was marked by the signing of an agreement at the 2nd Stakeholder Consultation, on January 18, 2022. Namely, the development of the EV ecosystem between Pertamina Power Indonesia, Pertamina Patra Niaga, and Grab Indonesia, the development of clean LNG production between PT Pertamina (Persero) and INPEX Corporation, a study on the application of CCSU technology between PT Pertamina (Persero) and Chiyoda, as well as identification and evaluation of the development of the Green Industry between PT Pertamina (Persero) and Jababeka.

Moreover, Task Force ESC B20 also supports Side Events to demonstrate and communicate legacy decarbonization initiatives and pilot projects to other developing countries.

"One of the projects to demonstrate the decentralization of energy security is Desa Energi Berdikari, which aims to increase public access to environmentally friendly, affordable, sustainable energy, and improve the community's economy, as well as the potential to reduce CO2 emissions by 261,595 MT/year," stated Agung.**

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