Italy's Commitment to Clean Energy Funding is the Largest Among G20 Countries: What About Indonesia?

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Reza Pahlevi 07/12/2021 11:30 WIB

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Italy committed a total of US$49.08 billion in clean energy funding between January 2020 and December 1, 2021.

G20 Countries' Commitment to Clean Energy Financing (2021)

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Italy's Commitment to Clean Energy Funding is the Largest Among G20 Countries: What About Indonesia?

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G20 Countries' Commitment to Clean Energy Financing (2021)

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Accelerating the clean energy transition will be one of the topics discussed at the G20 Summit in Bali in 2022. Italy has the largest commitment to clean energy funding among other G20 countries.

Italy has committed a total of US$49.08 billion in clean energy funding from January 2020 to December 1, 2021. Of this amount, US$35.79 billion is for conditional clean energy funding and US$13.29 billion for unconditional clean energy funding.

Indonesia is one of the G20 countries with the lowest commitment, only US$0.24 billion for conditional clean energy. Four countries have not made any commitment at all: Saudi Arabia, Russia, Argentina, and Brazil.

Unconditional clean energy funding refers to funding that supports the production and consumption of low-carbon energy with minimal environmental impact.

Meanwhile, conditional clean energy funding refers to funding that supports the transition from fossil fuels, but the implementation of environmental impact reduction is still unclear. An example is a commitment to electric vehicles, but the electricity source comes from coal or gas.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Italy's Commitment to Clean Energy Funding is the Largest Among G20 Countries: What About Indonesia?

Italy's Commitment to Clean Energy Funding is the Largest Among G20 Countries: What About Indonesia?

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Italy's Commitment to Clean Energy Funding is the Largest Among G20 Countries: What About Indonesia?

Italy's Commitment to Clean Energy Funding is the Largest Among G20 Countries: What About Indonesia?

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