Sharm El Sheikh, – The world is currently facing three planetary crises, namely climate change, pollution, and loss of biodiversity. The three are interrelated and very urgent to be addressed.

“In a crisis situation like this, there is no other choice but to cooperate. We must put forward the collaboration paradigm,” said Vice President (VP) K.H. Ma’ruf Amin when delivering a speech at the 27th High-Level Segment of the United Nations Climate Change Conference (COP27) in Nefertiti’s Plenary Room, Sharm El Sheikh International Convention Center (SHICC), Sharm El Sheikh, Egypt, Monday (07/11/2022).

Indonesia itself continued the VP, has submitted the Enhanced Nationally Determined Contribution which includes increasing Indonesia’s emission reduction target to 31.89 percent with its own capabilities, and 43.20 percent with international support.

“This increase is in line with significant developments in our policies, including expanding nature conservation and restoration, implementing a carbon tax, achieving Forestry and Other Land Use (FOLU) Net Sink 2030, developing an electric vehicle ecosystem, and initiating the B40 biodiesel program,” explained the VP.

“To ensure funding for the energy transition, Indonesia has launched the Country Platform for Energy Transition Mechanism,” he added.

However, said the VP, all these national efforts need to be accompanied by clear international support. This includes the creation of effective and equitable carbon markets, investments in energy transitions, and financing for climate action.

“For this reason, COP27 must be used not only to advance ambition, but also to implement it, including the fulfillment of support from developed countries to developing countries,” he asked.

Furthermore, the VP emphasized that all countries must be part of the solution to overcome climate problems. All countries must contribute according to their respective capacities in the spirit of burden-sharing, not burden-shifting.

“Countries that are more capable must help and empower other countries,” he stressed again.

As additional information, quoted from the VP’s writings in the media, Vice President Ma’ruf Amin emphasized that as president of the G20 2022 and Chair of ASEAN in 2023, Indonesia continues to push for several important points of climate change and energy transition policies. This includes producing the Bali Compact which aims to accelerate the energy transition towards sustainable clean energy.

“Our vision as an ASEAN member country is to become a regional leader in accelerating the realization of climate action at a more tangible level,” he stated in the writing.

Through a bilateral partnership with Australia, according to the VP, Indonesia’s aspiration is to lead efforts to reduce emissions by accelerating the transition to renewable energy.

“President Joko Widodo and Prime Minister Anthony Albanese have also agreed on a partnership for energy transition infrastructure and climate resilience. Through this initiative, Indonesia can become a leading source of clean energy in the Asia-Pacific region,” he explained.

Indonesia, continued the VP, has also proposed a long-term strategy that explores opportunities towards Net Zero Emission (NZE) in 2060 or sooner.

“We are also making various cross-sectoral efforts to achieve this target, including accelerating the renewable energy transition and initiatives to reduce industrial emissions across sectors and supply chains,” stressed the VP.

Therefore, said the VP, to overcome this climate problem, Indonesia continues to strive to reduce the rate of deforestation and land degradation through reforestation, replanting and management of peatland water levels, including restoration of 756,000 hectares of mangrove areas.

“However, we recognize that the challenges are enormous, especially in maintaining a balance between reducing emissions with economic growth, equity and building climate resilience,” he said.

To that end, the VP emphasized that climate adaptation efforts still need to be improved, including the challenges of food security, ecosystem resilience, water security, energy independence, health, urban and rural settlements, as well as coastal areas and small islands.

“The commitment of Indonesia and other developing countries must be supported by a commitment to financing and technology transfer from developed countries,” he urged.

With regard to funding for climate action, said the VP, Indonesia urges developed countries to at least double the provision of their collective climate finance for climate adaptation in developing countries.

“This can be strengthened through concrete roadmaps, including loss and damages funding arrangements that will be established under the United Nations Framework Convention on Climate Change (UNFCCC),” he stated.

Furthermore, as an expert and practitioner of Islamic finance, the VP also encouraged the world to explore Islamic finance as an alternative and innovative source of financing for green economy recovery and climate action. In this regard, Indonesia is committed to setting an example.

“We also need to encourage a just transition. This is especially true in the energy sector where transitions are often in favor of strategic interests while neglecting the poor and vulnerable,” he said.

Present to accompany the VP when giving a speech at the High Level Segment agenda of the COP27 Summit, Minister of Environment and Forestry Siti Nurbaya Bakar and Director General of Multilateral Cooperation of the Ministry of Foreign Affairs Tri Tharyat. (NN/LHS-BPMI Setwapres)