With Global Energy Crisis Looming, Energy Transition Efforts Need to be Accelerated

G20 member countries declared their commitment to accelerate their energy transition efforts at the G20 Bali Summit.

KOMPAS/HENDRA A SETYAWAN

Energy and Mineral Resources Minister Arifin Tasrif (left) speaking at the BloombergNEF (BNEF) Summit in Nusa Dua, Bali, on Saturday (12/11/2022).

NUSA DUA, KOMPAS — Despite being on the right track, commitments among nations to accelerate their energy transition processes have experienced speed bumps as of late due to the looming threat of a global energy crisis. Through next week's G20 Summit in Bali, these commitments to accelerate energy transition efforts will be echoed once again.

As President of the G20 this year, Indonesia will announce its commitment to work together to carry out a faster energy transition. The Indonesian Government itself has explored a number of collaborations towards this end through various funding schemes and through the private sector.