Business Twenty (B20) Indonesia, as one of the groups within G20, is encouraging two B20 Legacy Programs related to the acceleration of the green transition, namely the Carbon Center of Excellence and Global Blended Finance Alliance.
B20 is the official dialogue forum for the global business community for providing practical policy recommendations from a business viewpoint to the G20.
The Carbon Center of Excellence will help the business world in understanding carbon trade through a knowledge hub and practice sharing center, chair of B20 Indonesia, Shinta Kamdani, said at an online seminar on Thursday.
Meanwhile, the Global Blended Finance Alliance will help connect owners of eco-friendly projects with prospective investors who will fund the projects, she explained during the “B20-G20 Dialogue: Integrity and Compliance Task Force” webinar.
B20 is aiming to bolster topics that become B20 priorities by introducing B20 Legacy Programs.
The B20 Legacy Programs have been designed not as one-time initiatives, but as initiatives that will continue even after the Indonesian G20 Presidency ends.
B20 has underlined aspects that have become important for the realization of B20 Legacy Programs within B20 priority fields, which include green transition.
The Integrity and Compliance Task Force, as part of the B20, is encouraging sustainable management to support the environmental, social, and corporate governance (ESG) initiative.
Earlier, Kamdani highlighted three strategies prepared by B20 to continue the COP26 Glasgow agenda and encourage the private sector in Indonesia and the world to reduce greenhouse gas emissions.
The first strategy is the transition from fossil energy to new and renewable energy through policy changes and suggestions.
The second strategy involves support for green transition financing, specifically for developing countries.
Meanwhile, the third strategy concerns facilitating trade and investment in green goods and services, which has become important because low emission machines are usually expensive and necessitate large investments and imports.
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