Jakarta, 5 September 2024 (TDI): Indonesia’s President, Joko Widodo has called on developed nations to increase their investments in green economies. He stressed the critical role that these investments play to address global climate change and satisfy sustainable growth.
The Global Green Economy Forum was held in Jakarta. He outlined the urgent need for a global commitment to sustain the environment.
He said, “We must move to greener economies to protect our planet for future generations. Developed nations possess resources and technology to lead this.”
The need for Global Green Investments
In his speech, President Widod expressed the importance of developed nations achieving their commitments to climate financing as they all agreed on the Paris Agreement and other international climate accords. Developing countries like Indonesia require substantial investment and technology transfer from wealthier countries.
“Green economy is the need of time not optional. But developing countries cannot do it alone. They need support through investment in renewable energy, eco-friendly infrastructure, and sustainable agriculture,” He said.
Indonesia is home to some of the world’s most bio-diverse ecosystems such as rainforests and coral reefs. They play a crucial role in absorbing carbon dioxide and regulating global climate patterns. Indonesia aims to promote sustainable land use practices.
Indonesia’s Green Economy Initiatives
President Widodo also highlighted the current efforts made by Indonesia to advance the green economy. It aims to increase the share of renewable energy in the national energy mix to 23% by 2025.
Indonesia focused on minimizing deforestation and promoting reforestation through Rehabilitation Programs.
Indonesia has vast potential in areas, including solar, wind, and geothermal energy, and is willing to grow these sectors further. But to do this, Indonesia relies on international investment.
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President further explained the development of green industrial parks. They will attract internal and external investors. These parks will enhance electric vehicles, green technologies, and biofuels that will automatically reduce carbon emissions.
The Role of Developed Nations
President Widodo emphasized that global equity is important in addressing climate change.
He insisted that developed nations fulfill their commitment to finance climate pledges, particularly the $100 billion per year, made at COP15. This was to support developing countries in climate efforts.
Although he mentioned that there are many developing countries while rich in natural resources but lack the technological infrastructure and expertise needed. Cooperation between developed nations and developing nations can stabilize the environment.
A Call for Immediate Action
At last, as the forum ended. President Widodo emphasized global collaboration and swift action. The time is running out to meet the goals managed by the Paris Agreement. He said, “We must take strong decisions and time to act too.”
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The Global Green Economy Forum added members from 50 countries, including business leaders, government officials, and climate experts. Once again, He called for stronger global cooperation in green economy investment.
