During a press briefing at the ministerial office, Deputy Coordinating Economic Minister and G-20 co-sherpa Edi Prio Pambudi said such an adaption of the agenda was needed to maintain the relevance of Indonesia's G-20 presidency for solving current challenges.
Pambudi explained that, due to the war in Ukraine, some G-20 member states were considering re-allocating a significant portion of their energy transition budgets to energy subsidies. As a result, he said, Indonesia as the G-20 president was facing a severe challenge in balancing the need for energy transition as its main agenda point with the need for energy security, as even developed countries were beginning to change their priorities.
"The price goes up not because there's no stock - the stock is there, but it can't be sold. Why can't it be sold? Because there are sanctions. Why are there sanctions? To stop the war. The war should be stopped first, but if the war is stopped, will the sanctions be lifted? Not necessarily," Pambudi continued.
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