America Leaves Paris Agreement, What Is The Fate Of Funding For Indonesia's Energy Transition?

Deputy Minister of Energy and Mineral Resources Yuliot Tanjung (Photo: Doc. VOI)

JAKARTA - Deputy Minister of Energy and Mineral Resources (ESDM) Yuliot Tanjung revealed that his party is still conducting a study on the impact of the release of the United States from the Paris Agreement or the Paris Agreement on funding energy transition projects in Indonesia.

"How are the impacts? We are still doing the assessment, that was just conveyed by President Trump," said Yuliot, quoted on Friday, January 24.

Yuliot ensured that Indonesia was still committed to the energy trussion in the Paris Agreement.

Meanwhile, the Director General of New Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources, Eniya Listiani Dewi, said that Indonesia is ready to look for other alternatives to replace the position of the United States if the decision to leave the Paris Agreement affects energy transition funding.

"If the country does not (invest in EBT), we will encourage it from other countries," said Eniya.

Earlier on Monday, January 20 local time after his inauguration, US President Donald Trump stated that the US would withdraw from the 2016 Paris Climate Agreement because it considered the agreement unfair and biased.

On the same day, Trump signed an executive order to formally withdraw from the agreement.

The Paris Agreement on climate change was adopted in 2015 by 195 members of the United Nations Framework Convention on Climate Change.

The purpose of the Paris Agreement is to limit the increase in global average temperature to well below 2 degrees Celsius above pre-industrial levels, and should be close to 1.5 degrees Celsius.