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Fossil fuel subsidies have long been a subject of discussion for the G20. As one of the G20 countries, Indonesia needs to prepare for the removal and redirection of fossil fuel subsidies without creating long-term negative impacts, especially in socio-economic terms. The Indonesia Research Institute for Decarbonisation (IRID) and Germanwatch confirm the need for G20 countries to reduce and shift fossil fuel subsidies. As this requires the readiness of G20 developing countries, on 19 January 2023, IRID and Germanwatch hosted a group discussion focused on Indonesia.
In 2022, Indonesia had the opportunity to host the annual G20 Summit, where the energy transition played a major role. The summit produced two key documents on energy, namely the Bali Roadmap and the Bali Compact. Both documents are expected to serve as a reference for G20 countries to achieve a just energy transition, even after Indonesia’s G20 presidency. The Indonesia Research Institute for Decarbonization (IRID) and Germanwatch acknowledge that this is important in order to avoid that dialogues at the G20 Summit start from scratch. For this reason, a focus group discussion took place in Jakarta on 25 January 2023. The discussion was limited to invitees.
Extreme weather events are increasing in intensity and frequency due to the impacts of climate change. Without appropriate intervention, Loss and Damage will be inevitable, despite efforts at adaptation, mitigation, and even disaster risk management. To understand how Loss and Damage financing will be discussed after the G20 Summit led by India and after COP27, the Indonesia Research Institute for Decarbonisation (IRID) and Germanwatch hosted a focus group discussion on 11 January 2022. The event aimed to gather information on different initiatives on Loss and Damage financing, including access modalities, challenges, and coping strategies.
Article 2.1c of the Paris Agreement stipulates the goal to align financial flows with climate goals. In 2017, the Multilateral Development Banks (MDBs) committed to supporting these efforts by aligning their financial flows with the Paris Agreement, i.e.
A ‘race to the top’ or global crawl? Despite global climate negotiations at COP27 and the G20 inching far too slowly towards the financial transformations we need to tackle climate change, country-level progress is being made. A common framework would help track that progress.
Germanwatch-Blogger*innen
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Senior Advisor - Low-Carbon Strategies & Energy, Project Lead Climate Indices+49 (0)228 / 60 492-21Real name
Team Leader - German and European Low-Carbon Policy+49 (0)30 / 57 71 328-85Real name
Senior Advisor - Climate Finance and Investments+49 (0)228 / 60 492-45Real name
Policy Advisor - Development Banks and Climate+49 (0)30 / 57 71 328-31Real name
Policy Advisor - Climate Finance and Adaptation+49 (0)228 / 60 492-11Real name
Team Leader - Corporate Accountability+49 (0)30 / 57 71 328-44Real name
Senior Advisor - Agricultural Policy and World Trade | Project Leader - Climate-Friendly Agriculture+49 (0)30 / 57 71 328-43Real name
:: on parental leave :: Senior Advisor - Education for Sustainable Development+49 (0)228 / 60 492-36Real name
Team Leader - Education for Sustainable Development, Promoter for Climate & Development in North Rhine-Westphalia+49 (0)228 / 60 492-26Real name
:: on parental leave :: Senior Advisor - Climate Risk Management
Coordinator - Climate Foreign Policy and G7+49 (0)228 / 60 492-48Real name
Team Leader - International Climate Policy+49 (0)228 / 60 492-25Real name
Senior Advisor - Climate and Transport+49 (0)228 / 60 492-14