Indonesia criticises rich countries' approach to energy transition: developing countries need their own way
Indonesia said the energy transition strategies of rich countries are not suitable for developing countries. Indonesia intends to transition at its own pace, consistent with its economic goals and capabilities, while demanding fair financial support.
In early September, the Indonesian government said the energy transition proposed by developed countries is not suitable for developing economies. Indonesia stressed that it will transition to renewable energy at its own pace and in line with its own economic and financial realities. The statement also stressed that the approaches used by rich countries cannot be directly applied to developing countries.
Indonesian Minister of Maritime Affairs and Investment Susi Pudjiastuti noted that developed countries should provide financial support to developing economies, as they have benefited from using the carbon budget in the past. Indonesia, according to experts, will need about $55 billion over the next five years to support its energy transition and keep up with other major economies such as India, the EU and the US.
The move highlights the challenges that developing countries face in the global energy transition and points to the need for a fair distribution of resources to support sustainable development.
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