Bisnis.com, JAKARTA- Chancellor of Germany Olaf Scholz said Indonesia will join the international climate club formed by countries G7. The club, which was founded last year, is known for focusing on overtaking global warming in this world.

city ​​of BloombergOn Monday (17/4/2023), Indonesia’s entry as the country with the largest economy in Southeast Asia will add weight to the club in coordinating global rules on climate issues and avoiding trade disputes over green tariffs.

Scholz said Indonesia would receive several billion euros in the coming years from developed countries and private investors to accelerate the move away from fossil fuels.

He also said Germany was keen to support an ambitious climate agenda. This concerns projects for the development of renewable energy production and the end of dependence on Russian natural gas.

Therefore, the German Chancellor continues to encourage other countries to accelerate decarbonisation, while creating more opportunities for European businesses to benefit from global economic transformation.

He also asked European leaders to speed up trade talks with other countries, including Indonesia, India and Mexico.

Meanwhile, at the meeting of G7 energy and environment ministers in Sapporo, Japan last week, G7 countries agreed to accelerate the phasing out of fossil fuel use. in the context of the energy transition.

French Energy Minister Agnes Pannier-Runacher said ministers were negotiating a joint statement outlining the support of the world’s most advanced economies for the global energy transition.

“For the first time, we have decided to accelerate the phase-out of all fossil fuels. The G7 also said there should be no more new coal-fired power plants,” he said. Bloomberg.

The bloc that contains Canada, France, Germany, Italy, Japan, Britain and the United States (US) is positioning itself as a leader in the global decarbonization mission.

Additionally, the G7 also called for accelerating the installation of renewable energy, which aims to double solar capacity and increase offshore wind generation sevenfold over 2021 levels in all countries by the end of the decade.

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