Airlangga Emphasizes The Realization Of Net Zero Emission (NZE) In 2060

Coordinating Minister for the Economy Airlangga Hartarto (ANTARA)

JAKARTA - Coordinating Minister for Economic Affairs Airlangga Hartarto also attended the APEC Business Advisory Council (ABAC) forum in a series of working visits to San Francisco, United States. In the forum, he emphasized the need for the realization of Net Zero Emission (NZE) in 2060. The parties who attended the meeting were the Vice President of the United States (US) Kamala Harris, the Prime Minister of Singapore, and the leaders of 21 other APEC member countries. Indonesian presence in the forum this shows Indonesia's very strong commitment to supporting the achievement of prosperity and sustainable economic growth in the Indo-Pacific region. Airlangga is of the opinion regarding sustainability that business people involved in APEC need to strive for the realization of Net Zero Emission (NZE) in 2060. "It is necessary to strive for the realization of Net Zero Emission (NZE) 2060 through accelerating energy transitions, stopping the use of coal, and building environmental-based infrastructure," Obviously in his official statement, Sunday, November 19. On the other hand, Airlangga is of the view that Indonesia needs to invite all parties to collaborate through a government to government (G to G) scheme, government to business (G to B), and business to business (B to B) to create a conducive investment climate, blended finance, and other concrete collaborations to realize joint commitments and objectives in the Indo-Pacific region. United States (US) Vice President Kamala Harris conveyed currently, 21 APEC countries account for more than 60 percent of global GDP and control half of global trade. In addition, Asia-Pacific is projected to be the biggest contributor to global growth over the next 30 years. Collaboration between governments and business actors is an absolute must to overcome crucial and urgent challenges. Therefore, the theme taken in this year's APEC Business Advisory Council (ABAC) discussion is Equity, Sustainability, and Opportunity.APEC Business Advisory Board Chairman Dominic Ng, from East-West Bank said the post-pandemic recovery offers important opportunities for APEC members to encourage inclusive growth.Dominic added that when faced with three main issues. First, the climate crisis requires firm collective action. Second, developing technology, such as artificial intelligence, has great opportunities for advances in science and technology, but needs to pay attention to governance ethical governance and its impact on labor. Third, economic inclusion is very important. "The Covid-19 pandemic shows the vulnerability of marginalized groups. Inflation, rising cost of living, climate uncertainty and technological trends also affect this group," he said.

For information, APEC San Francisco became a milestone in the formation of the ASEAN Caucus in the APEC Business Advisory Council, which allows ASEAN votes to be heard harder in various forums including in APEC. ASEAN is one of the strategic areas that has strong capital to become the center of world growth. ASEAN Caucus can be an important part of strengthening energy transition initiatives, achieving carbon neutrality, and accelerating the implementation of cross-border digital payments through the cooperation of financial institutions.