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View all search resultsBeijing's energy policies have so far focused on "energy and carbon intensity", referring to energy and emissions involved in producing a unit of economic output, effectively tying its targets to overall economic growth.
By the estimates of Finance Minister Sri Mulyani Indrawati in 2023, Indonesia needs at least Rp 4 quadrillion (US$250 billion) to meet its Nationally Determined Contribution (NDC) and achieve its greenhouse gas emission reduction targets by 2030.
Experts have encouraged Indonesia and Australia to alter their trade policies to promote the more open exchange of goods and services to help scale up climate action, as both countries continue to be among the world’s largest carbon emitters.
ASEAN countries urgently need to take a collaborative approach in developing a cohesive strategy that incorporates social safety nets to build a pathway toward an equitable and inclusive energy transition for the whole region, which will in turn propel the bloc onto the global stage as a in sustainable development leader.
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