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B20 wraps up with deals on green energy, electric vehicles and more
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President Joko “Jokowi” Widodo reacts as journalists ask questions during his visit to the media center ahead of the G20 Leaders’ Summit in Nusa Dua, Bali, on Nov. 14. (Reuters/Willy Kurniawan)
Business initiatives conducted throughout the year under the Group of 20 framework have culminated in a series of investment agreements presented at the Business 20 (B20) Summit on Monday.
In his closing remarks at the B20 Summit, President Joko “Jokowi” Widodo assured forum participants that Indonesia was on track to carry out its “grand strategy” of downstream industry development and green energy investment.
The B20 Summit this year gathered more than 2,000 attendees from 65 countries, with more than 1,500 firms represented at the forum.
Indonesia, for its part, has been working to refocus the country’s economy toward the production of value-added goods and clean power.
“I have said this many times before: We will be steadfast,” President Jokowi told forum participants.
In his statement, President Jokowi noted to Australian Prime Minister Anthony Albanese, who was also attending the closing session, that both countries possessed huge deposits of natural resources needed for electric vehicle (EV) batteries.
Jokowi explained that Indonesia had large reserves of nickel, while Australia had significant lithium deposits, putting the two countries in a strong position for EV cooperation.
