English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 7 November 2022, 13:00 HKT/SGT

Source: PT Pertamina
Pertamina supports Indonesia's goal to reach net zero emissions by 2060

JAKARTA, Nov 7, 2022 - (ACN Newswire) - State-owned energy company PT Pertamina (Persero) supports Indonesia's aspiration to reach net zero emissions by 2060.

A screenshot of Pertamina's president director and CEO Nicke Widyawati during a panel discussion of UN Climate Change Conference (COP27) in Sharm El Sheikh, Egypt, on Sunday (6/11/2022). (ANTARA/Bayu)

Indonesia has increased its greenhouse gas (GHG) emission reduction target to 31.89 percent, with its efforts, and 43.20 percent, with international assistance, through the Enhanced Nationally Determined Contribution (NDC) document.

"In terms of emission reduction, Pertamina has set a target of 30 percent emission reduction in 2030, versus our 2010 baseline," Pertamina's president director and CEO Nicke Widyawati said in a panel discussion of UN Climate Change Conference (COP27) in Sharm El Sheikh, Egypt, on Sunday.

In 2021, Pertamina have succeeded in reducing GHG emissions by 7.4 million metric tons of carbon dioxide equivalents or 29.09 percent compared to the 2010 baseline.

This emission reduction is achieved by reducing non-routine emissions from the process, which is utilized for own-use fuel and gas supply to customers as much as 69,7 percent, using more efficient equipment which is included in Energy Efficiency Program, contributed 13.9 percent, using energy from low carbon source that contributes 16,2 percent and other activities.

In order to reach net zero aspirations, Pertamina has developed a holistic strategy delivered via two pillars, which are the decarbonization of its business activities and the development of new green business; as well as three enablers namely developing carbon accounting standards that already approved by national and international regulation, and also the implementation of Pertamina Internal Carbon Price, building sustainability organization that will oversee Pertamina business are on the right track for its Net Zero Roadmap goals and stakeholder engagement to fully support national NZE target and commitment.

Such a goal is supported by the company's long-term investment strategy. Pertamina's cumulative CAPEX up to 2060 for the Green Business Initiatives is estimated at around US$40 billion for biofuels, renewable energy sources, CCS/CCUS, battery and EV ecosystem, hydrogen, and carbon business.

Widyawati added that Pertamina accelerates green business development from upstream to downstream through the whole integrated value chain.

See the short video, A World Class Energy Company, at: https://youtu.be/IIflZaKvaag.

Pertamina is committed to supporting the Indonesian government's commitment to achieving net zero by 2060 or sooner. As an energy company, Pertamina has a big responsibility to be a pillar of achieving net zero emissions in Indonesia, on the principles of affordability and fairness," she concluded.

Contact: Brahmantya Satyamurti Poerwadi, Corporate Secretary, PT Pertamina (Persero)
Email: pcc135@pertamina.com, URL: https://www.pertamina.com
Written by: Yashinta Difa Pramudyani, Editor: Bayu Prasetyo (c) ANTARA 2022

Topic: Press release summary
Source: PT Pertamina

Sectors: Environment, ESG, Alternative Energy, ASEAN
From the Asia Corporate News Network

Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


PT Pertamina Related News
Dec 6, 2023 10:00 HKT/SGT
Pertamina NRE presents Indonesia's EV ecosystem at COP28
Dec 5, 2023 22:00 HKT/SGT
Pertamina Hulu Rokan expounds on Wetlands Innovation at COP28
Dec 4, 2023 09:00 HKT/SGT
Pertamina Reaffirms its Commitment to Net Zero Emissions by 2060
Dec 2, 2023 21:00 HKT/SGT
PIS and KARPOWERSHIP Forge a Strategic Partnership for Sustainable Energy Infrastructure
Nov 15, 2023 18:00 HKT/SGT
Partnering with Chevron and Mubadala Energy, Pertamina Geothermal Energy Aims to Explore Geothermal Opportunities in Kotamobagu
More news >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575