Indonesia has finalized a government regulation for carbon capture and storage (CCS), emphasizing its commitment to reducing global carbon emissions, VietnamPlus reported Wednesday.
The Secretary General of the Ministry of Energy and Mineral Resources, Dadan Kusdiana, announced on July 23 that the regulation is now awaiting President Joko Widodo’s approval to take effect.
The government official highlighted that the regulation has completed the harmonization process and is currently in the final stages of presidential approval.
Alongside CCS, Indonesia is focusing on expanding the use of renewable energy and other low-carbon energy sources to further reduce its carbon footprint, Kusdiana added.
Relevant: Indonesia To Transform Energy Sector With 15 CCS And CCUS Projects By 2030
As one of the world’s largest coal producers and exporters, Indonesia has pledged to cut its greenhouse gas emissions by 31.89% independently, or by 43.2% with international assistance, by 2030.
In support of these efforts, the Indonesia Carbon Capture and Storage Center (ICCS Center) was established in May 2023 to promote low-carbon businesses, including those involving hydrogen, blue and green ammonia, and blue and green methanol.
In September 2023, President Widodo inaugurated Indonesia’s first carbon exchange, IDXCarbon, to facilitate carbon trading.
This platform enables companies or organizations focused on renewable energy to sell carbon credits to high emitters like coal producers.
Read more: Singapore, Indonesia Sign LOI On Cross-Border Carbon Capture
