This Site is in Under Construction

Indonesia says G20 states should react proactively to address climate change

Date:

JAKARTA: Indonesia’s Finance Minister Sri Mulyani Indrawati said all the G20 member countries should proactively react in addressing climate change, warning that the issue poses a greater threat than the Covid-19 pandemic.

The minister conveyed the message when opening the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting that is being held in Jakarta on Thursday and Friday.

According to her, the G20 Financial Track should be a momentum to find exit strategies for the global economic recovery in the post-pandemic era and make efforts to recover better and faster, and climate change is one important issue worth heeding.

Indrawati asked the G20 countries to be committed to reducing carbon emissions and finding ways to support sustainable financing and investment that can help reinforce green energy.

“Our commitments are needed to hold up energy transition. Therefore, cooperation and collaborations among the countries to address this issue are important,” she said.

Indonesia, she said, has been on the track to accelerate energy transition to support the global low carbon economy.

“To realize the green energy, we should also talk about the international financing resources and open more opportunities for private investment,” Indrawati said.

On the same occasion, Governor of Bank Indonesia Perry Warjiyo said climate change and natural disasters have become threats to the global economy as they could create environment crises.

Warjiyo said there would be six main topics to be discussed during the two-day meeting, including the exit strategies to accelerate economic recovery, financing system in digital era, sustainable financing, financial inclusion and international taxation. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

World’s biggest producer Indonesia faces palm-oil crisis

JAKARTA: In mid-march Izawati Dewi, a mother of one, began...

Iran slams new US sanctions amid nuke deal uncertainty

TEHRAN: The spokesperson for Iran's Foreign Ministry, Saeed Khatibzadeh, dismissed...

President of Ghana inaugurates a “state-of-the-art” Nissan assembly plant

ACCRA: Ghana's President Nana Addo Danquah Akufo-Addo officially opened...

Ahead of Ramadan Somali families cut their shopping budget due to inflation 

MOGADISHU: Russian and Ukraine war has worsened food shortages...