On Wednesday, 16 March at 4PM WIB (10AM CET), IISD's Global Subsidies Initiative will host Fossil Fuel Subsidy Reform at the G20: How to achieve the post-pandemic recovery.
As part of its G20 Presidency in 2022, Indonesia aims to accelerate the speed of global energy transitions. For this purpose, its inter-ministerial Energy Transition Working Group (ETWG) has defined three G20 energy priority issues:
- Securing energy accessibility
- Scaling up smart and clean energy technologies
- Advancing energy financing.
The extent to which fossil fuel subsidy reform (FFSR) can and must play a role in achieving these three priorities under Indonesia’s G20 Presidency has not yet been widely discussed, however.
Against this background, a panel of both Indonesian and international experts will explore how FFSR can be driven forward in the post-pandemic recovery. First, the Minister of Finance, Sri Mulyani (TBC), will present how the Indonesian government plans to implement FFSR. IISD’s Lourdes Sanchez will then give a keynote address on how exactly FFSR supports the three energy transition priority issues of Indonesia’s G20 Presidency. Finally, the high-profile panellists will discuss how FFSR correlates with the three priority issues of the Indonesian G20 Presidency’s grand theme: “Recover Together, Recover Stronger.”