Tag: degrees Celsius
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B20 Task Force Proposes 3 Green Energy Transition Recommendations
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The three recommendations were agreed upon during the Business 20 (B20) Inception Meeting held virtually at the end of January 2022, as noted in a release issued by PT Pertamina and received here on Thursday.
The Business 20, or B20, is an outreach group from the G20 that represents the international business community.
Chair of B20 Energy, Sustainability, and Climate Task Force Nicke Widyawati emphasized the importance for Indonesia to transition to green energy as mandated by President Joko Widodo.
According to Widyawati, the energy transition effort is a challenge for all, but it should also be viewed as an opportunity to create sustainable economic growth in future by implementing good established scenarios and roadmaps, especially with regard to the financial aspects.
"The B20 Energy, Sustainability and Climate Task Force has the same priorities as Indonesia's G20 presidency in which we must be a strong green energy catalyst and go hand in hand with the principles of energy security, energy equity, and environmental sustainability," Widyawati, concurrently the president director of state-owned oil giant Pertamina, stated.
She further noted that the Task Force will formulate some policy recommendations for sustainable energy transition, with focus on three priority issues.
- First, the Task Force will put forth the recommendation on accelerating transition to sustainable energy use in order to ensure that global warming is limited to a maximum of 1.5 degrees Celsius.
With regard to such a recommendation, the main efforts identified for the energy transition policy is the development of alternative fuel industries around the use of hydrogen and biofuels.
- The second issue for recommendation is to ensure a fair and affordable way of transition as well as global cooperation on impact mitigation and support for adaptation to changes brought about by energy transition.
- The third is global cooperation in increasing energy security for households and MSMEs as a means to end extreme poverty and accelerate energy transition to sustainable energy use.
"Those three priority issues will form the basis for formulating policy recommendations from the Energy, Sustainability and Climate Task Force by considering other critical issues, such as carbon pricing, global cooperation, livelihoods, and institutional development for financing and technology adoption," Widyawati explained.
She also stated that energy is a binding constraint for sustainable economic growth and is a crucial matter for economic development to recover from the impact of the COVID-19 pandemic.
She also emphasized that urgent and focused action was currently needed to address various global challenges, including the lagging rate of energy transition, climate change due to anthropogenic greenhouse gas (GHG) emissions that have become a critical issue, and economic growth depending on fossil fuel energy consumption that contributed to most of the GHG emissions.
Widyawati also pressed for expediting energy transition globally while continuing to increase energy security and equity in an effort to sustain economic growth and reduce extreme poverty.
In addition, the financing gap must be bridged and investment must be shifted more to the energy transition infrastructure that can be paid for by carbon pricing, she remarked.
Widyawati also accentuated the importance of ensuring energy equity by increasing access to and affordability of clean and modern energy that is not only essential for a successful transition but also delivers environmental and economic benefits.
"Renewable energy-based power generation, electrification, and energy efficiency are the main pillars for faster energy transition, technology investment, and energy transition sector," she stated.
"However, developing countries still lack frameworks, well-established governance, markets, advanced financial services, trained workforce, and access to advanced technology. Those aspects are needed for changes (in energy transition), and all of them are owned by developed countries," she remarked.
At the B20 Inception Meeting, the Task Force Deputy Chair Agung Wicaksono stated that in order to seek inputs from businesspersons, the Task Force had also conducted a survey.
The survey covers 13 potential issues: institutional development, global cooperation, alternative energy sources, differential rates per sector, prevention of new carbon lockouts, carbon pricing, mitigation of financial impact, mitigation of loss of livelihoods, standardized ESG frameworks, ensuring orderly transitions, increasing access, affordability and adoption of end-user technologies.
Wicaksono stated that the survey results became the basis for the Task Force to formulate recommendations.
He also acknowledged that the energy transition efforts will require structured and committed global cooperation in improving governance capacity, supporting market development, channeling finance and technology, and upgrading workforce skills.
"The spirit, hard work, and commitment of this meeting continues, and it will bring global change for the better after the COVID-19 pandemic, so that we can Recover Together, Recover Stronger," he remarked.
Written by: Yuni Arisandy Sinaga, Editor: Fardah Assegaf (c) ANTARA 2022
Media Contact: Fajriyah Usman, Vice President Corporate Communications, PT Pertamina (Persero)
Mobile: +62 858 8330 8686, Email: [email protected], URL: https://www.pertamina.com
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe B20 Energy, Sustainability & Climate Task Force, led by the largest Energy State-Owned Enterprise in Indonesia PT Pertamina (Persero), has proposed three green energy transition recommendations to be presented at the G20 high-level meeting in Bali in November 2022.
Ev Dynamics Delivers First Batch of 12-Meter E-Buses to Europe
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The delivery is part of a collaboration between the Company and its strategic partners in Europe. Ev Dynamics is ready to conquer inner-city e-mobility and regional freight and passenger' transportation market in Europe. It is intended to gain entrance into the European market and tap its huge growth potential with the high-performing, sustainable and environmentally-friendly 12-meter E-Bus model specifically designed to meet European standards. The vehicle has 420kWh battery capacity allowing an autonomy of over 300kms without recharging.
Following the successful delivery of the first three electric vehicles, a massive potential market opens up for the Company as there is a large number of tenders open in Europe. Ev Dynamics' 12-meter E-Bus is also in the works, conditional upon the vehicle model's successful completion and passing of winter testing in April 2022, involving electric battery endurance in a -30 degrees Celsius temperature environment.
Miguel Valledecabres Polop, CEO of Ev Dynamics, said: "We have rapidly expanded our global reach with our advanced electric vehicles thereby paving our entry into high-growth markets in Europe, Latin America and Asia during the past year. The successful delivery of the first batch of 12-meter E-Bus vehicles further demonstrates the strong and resilient output capability of our advanced production plant and engagement of a reliable PRC supply chain, despite the disruption caused by the COVID-19 pandemic. Besides, we are highly confident that our 12-meter E-Bus model will pass the winter test. The promising potential three-year deal will further accelerate the Company's business growth and sales performance, increase our market share and strengthen our growing position in the electric vehicle segment."
About Ev Dynamics (Holdings) Limited (Stock Code: 476)
Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China's new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power systems and their key components. The Group has a production base in Chongqing and has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America.
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Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comEv Dynamics (Holdings) Limited (the "Company," Stock Code: 476, together with its subsidiaries, collectively "Ev Dynamics" or the "Group"), a provider of new energy vehicles and integrated technology solutions, has today announced the delivery of its first batch of 12-meter E-Buses to Europe.
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