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Home›Marine financing›High hopes for green change

High hopes for green change

By Andre Cruz
October 23, 2021
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The nation is expected to meet the interests of developing and developed countries at the crucial climate change summit next month, a senior European Union (EU) official said, as countries have been unable to resolve funding issues to achieve the goals set out in the Paris Agreement. .

President Joko “Jokowi” Widodo is expected to join other leaders at the 26th United Nations Climate Change Conference (COP26) in Glasgow, Scotland, which begins on October 31.

At the summit, countries are expected to update their Nationally Determined Contributions (NDCs) as part of efforts to keep Paris Agreement goals on track of limiting the rise in global average temperatures. at less than 2 ° C above pre-industrial levels and aiming to stay below 1.5 ° C.

Indonesia has updated its NDCs to include ocean and marine issues in its emissions reduction strategy. Confirming its first NDC commitment in 2016, the country pledged to reduce its carbon emissions by 29% independently or by 41% with international assistance.

However, Minister for the Coordination of Maritime Affairs and Investments Luhut Pandjaitan told US Climate Envoy John Kerry during his recent visit to the United States that Indonesia could increase its conditional target until at 50% with the support of Washington.

Frans Timmermans, EU commissioner for the European Green Agreement, said Indonesia, as a developing country, was crucial in the effort.

The Dutch politician and diplomat traveled to Indonesia and India this week to garner support for a more ambitious engagement at the Glasgow meeting.

“Indonesia has traditionally been a bridge builder between nations and we will need bridge builders if we are to reach consensus in Glasgow,” he said Tuesday in an interview with Indonesian media.

Several developed countries have reportedly lobbied the United Nations to downplay the need to move away from fossil fuels in the latter’s report which compiles scientific evidence to fight climate change, BBC News reported Thursday.

Developed countries are also questioning the need to pay more to less developed countries to finance their transition to greener technologies. – The Jakarta Post / ANN


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