Indonesia Attends G20 First Energy Focus Group Meeting
MINISTRY OF ENERGY AND MINERAL RESOURCES
REPUBLIC OF INDONESIA
PRESS RELEASE
NUMBER: 214.Pers/04/SJI/2020
Date: 22 June 2020
Indonesia Attends G20 First Energy Focus Group Meeting
After holding the G20 Workshop on
Carbon Circular Economy (CCE) Guide on Sunday (14/6), the
government of the Kingdom of Saudi Arabia again invited energy experts from G20
members to attend the G20 First
Energy Focus Group Meeting on Thursday, (18/6). Indonesia was
represented by Advisor to the Minister of Energy and Mineral Resources for
Strategic Planning, Yudo Dwinanda Priaadi, as Permanent Delegate from Ministry
of EMR.
This kickoff meeting of the Energy Focus Group (EFG) was
held to share the efforts made by member countries to stabilize the energy
market that has been weakened by the Covid-19 pandemic. The EFG itself originated
during the Extraordinary Energy
Ministerial Meeting held on 10 April 2020.
Led by Awwad Alharthi who is Co-chair
of the Energy Sustainability Working Group, the meeting was attended by representatives
from G20 member economies such as Japan, Canada, Germany, Norway, European
Union (EU), UK, Saudi Arabia, Singapore, India, Indonesia, Turkey, China, and
several international organizations such as International Energy Agency (IEA), International Energy Forum
(IEF), and Organization
of the Petroleum Exporting Countries (OPEC).
In this meeting, Yudo said that the recent drop in crude oil prices can significantly
affect economic growth in the future. This drop is a strong disincentive to the
discovery of new energy sources and hampers investment in the energy value
chain, including critical investment to develop new, renewable energy projects.
"Indonesia has set its priority to the recovery of energy project
investment. Delayed investment will definitely impact future energy supply,"
said Yudo.
Yudo emphasized that secure energy supply and access to affordable energy will
support global economic recovery. Any energy source option is important and must
be considered according to international commitment and each country's
condition.
Yudo went on to say that the challenge is a good momentum to promote the
utilization of cleaner and more efficient fossil fuels as well as to introduce more
renewable energy sources as the main tool to ensure long-term energy stability
and security. "Indonesia is committed to the global collaboration towards a
cleaner energy system," he asserted.
Yudo believed that the current situation can create more challenges to the
development of new, renewable energy investment and that Indonesia will
immediately issue a Presidential Decree about Feed-in Tariffs. "The new regulation is
expected to create a friendly environment for investment and opportunities for
investors," Yudo concluded.
G20 is a group of 20 largest economies in the world, consisting of 19 countries
and the European Union. The main goal of G20 is to gather leaders from the main
developed and developing economies in the world to deal with global economic challenges
and other issues that have become shared priorities. Meanwhile, Indonesia's
priority in the G-20 in the EMR sector is to increase access to energy in Asia
region. (IY)
Head of Bureau of Communication, Public Information Services, and Cooperation