AIRLINK 74.64 Decreased By ▼ -0.21 (-0.28%)
BOP 5.01 Increased By ▲ 0.03 (0.6%)
CNERGY 4.51 Increased By ▲ 0.02 (0.45%)
DFML 42.44 Increased By ▲ 2.44 (6.1%)
DGKC 87.02 Increased By ▲ 0.67 (0.78%)
FCCL 21.58 Increased By ▲ 0.22 (1.03%)
FFBL 33.54 Decreased By ▼ -0.31 (-0.92%)
FFL 9.66 Decreased By ▼ -0.06 (-0.62%)
GGL 10.43 Decreased By ▼ -0.02 (-0.19%)
HBL 114.29 Increased By ▲ 1.55 (1.37%)
HUBC 139.94 Increased By ▲ 2.50 (1.82%)
HUMNL 12.25 Increased By ▲ 0.83 (7.27%)
KEL 5.21 Decreased By ▼ -0.07 (-1.33%)
KOSM 4.50 Decreased By ▼ -0.13 (-2.81%)
MLCF 38.09 Increased By ▲ 0.29 (0.77%)
OGDC 139.16 Decreased By ▼ -0.34 (-0.24%)
PAEL 25.87 Increased By ▲ 0.26 (1.02%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.80 No Change ▼ 0.00 (0%)
PPL 123.58 Increased By ▲ 1.38 (1.13%)
PRL 26.81 Increased By ▲ 0.23 (0.87%)
PTC 14.01 Decreased By ▼ -0.04 (-0.28%)
SEARL 58.53 Decreased By ▼ -0.45 (-0.76%)
SNGP 68.01 Decreased By ▼ -0.94 (-1.36%)
SSGC 10.47 Increased By ▲ 0.17 (1.65%)
TELE 8.39 Increased By ▲ 0.01 (0.12%)
TPLP 11.05 Decreased By ▼ -0.01 (-0.09%)
TRG 63.21 Decreased By ▼ -0.98 (-1.53%)
UNITY 26.59 Increased By ▲ 0.04 (0.15%)
WTL 1.42 Decreased By ▼ -0.03 (-2.07%)
BR100 7,941 Increased By 103.5 (1.32%)
BR30 25,648 Increased By 196 (0.77%)
KSE100 75,983 Increased By 868.6 (1.16%)
KSE30 24,445 Increased By 330.8 (1.37%)

JAKARTA: G20 president Indonesia urged member countries on Friday to commit to its proposal towards adopting clean energy, days after the group’s climate talks ended with no clear agreement.

Indonesia, one of the world’s biggest carbon emitters, wants the Group of 20 major economies to use its non-binding Bali Compact as a basis to deliver on commitments to reach net zero emissions, its energy minister told G20 counterparts in Bali.

G20 climate talk earlier this week failed to adopt a joint communique and Britain’s climate delegate Alok Sharma on Thursday told Reuters some of the world’s major economies were backsliding on emissions commitments.

Indonesia, a major exporter and user of coal, has joined a global pledge to phase out coal use and wants nearly a quarter of its energy to come from renewable sources by 2025, up from about 12% currently.

“What is important now is that we work together to coordinate policies, to strengthen cooperation and make sure our energy transition agenda moves forward,” Indonesian Energy Minister Arifin Tasrif said.

Underlining challenges ahead, the International Energy Agency in a report on Friday said Indonesia needed to ensure policy reforms take place so it can make the shift to cleaner energy faster, noting the technology was already commercially available and cost-effective.

Indonesia calls for more G20 action on climate change

The Bali Compact, details of which were not immediately available, seeks to strengthen national energy planning and implementation, boost investment and financing and improve energy security, Arifin told the Bali meeting.

Chair Indonesia did not release a joint communique after G20 climate talks earlier this week, with efforts derailed by what sources said were objections over language used on climate targets and the war in Ukraine.

Comments

Comments are closed.