How Indonesia can achieve both a COVID-19 recovery and its climate targets

Abstract

In May 2021, the International Energy Agency (IEA) (2021) released its flagship report on how to reach net-zero by 2050, concluding that fossil fuel consumption should have peaked by 2020 and start declining as of 2030. It also shows that meeting the 2050 target will require that there be new fossil fuel extraction. The COVID-19 recovery budget presents a unique opportunity to shift public funds and expenditures to meet Indonesia's target of 23% of its energy mix coming from clean and renewable sources while aligning economic recovery with ambitious climate and net-zero targets. COVID-19 created a worldwide economic disruption, and many countries are developing support and recovery packages to help counterbalance the socio-economic effects of the crisis. Being the incoming G20 presidency, Indonesia's vision is to focus on global recovery from the COVID-19 pandemic, as part of other key issues (Iyabu, 2021). Indonesia has a responsibility to lead the agenda diplomatically and walk the talk domestically, bringing climate change mitigation and adaptation as part of the COVID-19 recovery. Rapid action is needed, and COVID-19 recovery packages present a unique opportunity to align economic and social recovery with climate action that no country should miss.

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https://rgu-repository.worktribe.com/output/1763880