When leaders of the G20 nations meet in Bali next week, it’s expected they will commit to the ‘Bali Compact’ — a set of nine principles agreed in September by the G20 energy ministers. At its heart is a plan to accelerate the transition to renewable energy.
Indonesia brings the theme of “recover together, recover stronger” to the G20 presidency, and is juggling the need to address the negative impacts of climate change on health and prosperity with an energy crisis and desire for a sustainable energy transition.
The geopolitical tension and associated sanctions of 2022, coming on the back of the COVID-19 pandemic mean developed economies are struggling with energy security. Meanwhile, many developing economies are still struggling with energy access. As the G20 lead, Indonesia is trying to consider both concerns.
