This is Pertamina's Effort to Reach 2060 Net Zero Emissions Target

October 19, 2022 – Pertamina emphasizes its commitment to achieving Net Zero Emissions (NZE) in Indonesia by 2060 with the affordability and fairness principles. Pertamina has created several methods adapted into two primary pillars and three enablers to achieve it.

Director of Strategy, Portfolio, and Business Development of Pertamina, Atep Salyadi Dariah Saputra, said the two main pillars include decarbonizing business activities and developing new green businesses. Meanwhile, the three enablers that support Pertamina's plan to encourage Net-Zero Emission include setting carbon accounting standards approved by national and international regulations, as well as implementing Pertamina's Internal Carbon Price. Second, build a sustainability organization that keeps Pertamina's business on track for its Net Zero Roadmap goals. Third, stakeholder involvement to fully support national NZE targets and commitments.

"As an energy company, Pertamina has a big responsibility to be a pillar in achieving net zero emissions in the country, with the affordability and fairness principle," said Atep Salyadi Dariah Saputra during the Commitment on Net Zero Emission dialogue in the Road to G20 series of events: SOE International Conference: “Driving Sustainable & Inclusive Growth”, held at the Bali Nusa Dua Convention Center (BNDCC), Nusa Dua - Bali, Tuesday (18/10/2022).

Salyadi said Pertamina aims to reduce Carbon Dioxide (CO2) to 81.4 million tons by 2060. Following the government's policy of a 29% reduction in emissions target by 2030 with a global partnership.

"Business decarbonization realized through energy efficiency, increasing environmentally friendly power generation capacity, reducing loss, electrifying fleets and static equipment, capturing and storing carbon (own use), using a fleet with low or zero carbon fuels," Salyadi said.

For the new businesses development, it can be realized through new and renewable energy production, EV charging & swapping development, blue/green hydrogen production for manufacturing or transportation, nature-based solutions implementation, batteries and electric vehicles production, biofuels production, and running integrated carbon market and CCS/CCUS business. "This effort to realize the energy transition by Pertamina as well as ensuring Indonesia's energy security," he said.

Following the energy transition, Pertamina is committed to developing New and Renewable Energy (EBT) infrastructure, which is expected to generate USD 30-40 billion in revenues by 2060. “The NZE Commitment signing is a concrete step to support the government's energy transition agenda in achieving the national ZE target," he added.

Salyadi added that Pertamina also involved national and global partners to explore partnerships in the decarbonization program while accelerating the NRE growth to achieve Net Zero Emissions. This collaboration is considered necessary, especially with the same challenges in the energy transition process and the technology and financing sector.

“Pertamina also actively participates in B20. The energy, sustainability, and climate task force's role in the B20 are to share the business world to support the energy transition through policy recommendations to G20 leaders. In addition, the Task Force acts as a bridge between the business world and stakeholders, as well as forming partnerships and collaborations as a catalyst to accelerate energy transition goals and objectives,” said Salyadi.**