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Pertamina supports NZE realization through decarbonization initiatives

November 15, 2022

JAKARTA, Nov 15, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned energy company PT Pertamina committed to support the Indonesian government to achieve net zero emissions (NZE) by 2060 through the decarbonization initiatives program currently implemented by the company.Senior Vice President of Strategy and Investment of Pertamina Daniel Purba speaks at a discussion organized on the sidelines of COP27, at the Indonesian Pavilion in Sharm el-Sheikh, Egypt on Friday (November 11, 2022). (ANTARA/HO-PT Pertamina)Senior vice president of strategy and investment at Pertamina Daniel S Purba conveyed this information during an ASEAN Panel Discussion on the sidelines of COP27 in Sharm el-Sheikh, Egypt on Friday (November 11, 2022).At the discussion, Purba delivered a presentation on "Decarbonizing the ASEAN Way - Harnessing the Collective Actions of ASEAN Private Sectors Driving Net-Zero: Pertamina's Overarching Plan in Decarbonization".He explained that Pertamina as a state-owned energy company has the responsibility to provide energy needs in Indonesia - a country with a population of nearly 300 million people with high energy demand."At the same time, Indonesia has a strong commitment to achieve net zero emissions by 2060, and Pertamina as a state-owned company fully supports this commitment," Purba said."Pertamina has now developed a clear program for efforts to achieve the target of net zero emissions by 2060, even more ... if possible, we want to reach the target faster by 2050," he added.He further added that Pertamina views the energy transition effort as a good opportunity to build a green business.Such a view, according to him, is part of the main mission to ensure the company remains sustainable and grows in line with efforts to fulfill the commitment to achieving net zero emissions through a detailed decarbonization program in accordance with the company's well-prepared NZE roadmap."Pertamina has prepared a decarbonization plan especially for its existing businesses, for instance by reducing gas flaring, using renewable energy in all of our activities both upstream, production sites, shipping transportation and even batteries," Purba pointed out.In addition, regarding the implementation of Environmental Social and Governance (ESG) aspects, Pertamina is currently at the medium risk level and at the second place for the category of the best ESG score in the oil and gas industry, based on Sustainalytics - an ESG rating agency that has conducted assessment towards the company.Meanwhile, stakeholders, investors, rating agencies and insurance companies are also interested in finding out and learning about how Pertamina - as an oil and gas company - manages ESG aspects in its efforts to produce sustainable energy.At the ASEAN Panel Discussion of the COP 27, Purba said that a number of ASEAN countries actually have considerable energy resource potential, such as to produce LNG and gas.He mentioned ASEAN countries that have such a potential including Indonesia, Malaysia, Thailand and Brunei Darussalam.He also revealed that the low carbon energy transition is a very good practice to be implemented by ASEAN countries in order to reduce the carbon footprint in the region.Furthermore, still on the effort of reducing carbon footprint, Purba highlighted that Indonesia owns many forests that have the potential to be utilized in the aspect of nature based solutions."Therefore, collaboration (among ASEAN countries) can be a brilliant idea because each country has a different position and potential so we hope that the collaboration can establish a carbon market in the ASEAN region," he stated."However, this certainly requires concrete steps from all parties so that we can really collaborate together to achieve the net zero emission target," he concluded.Contact: Brahmantya Satyamurti Poerwadi, Corporate Secretary, PT Pertamina (Persero)Email: pcc135@pertamina.com, URL: https://www.pertamina.comWritten by: Yuni Arisandy Sinaga, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

G20 Sherpa committed to address global solutions

October 1, 2022

JAKARTA, Oct 1, 2022 - (ACN Newswire via SEAPRWire.com) - The third G20 Sherpa meeting in Yogyakarta has concluded with G20 member countries agreeing to seek solutions to myriad global problems.The 3rd Sherpa Meeting G20 Indonesia delegations travel around Borobudur Temple in Magelang, Central Java, Indonesia, Tuesday (29/9). (ANTARA PHOTO/Andreas Fitri Atmoko/POOL/rwa/FR)"During this meeting, we can see the collective commitment of G20 countries to remain united by offering solutions to global problems that occur recently," Co-Sherpa Edi Prio Pambudi noted through a statement, Thursday (Sept 29).Problems, such as the energy crisis, food scarcity, rising food prices, inflation, and continuity of COVID-19 recovery, are issues that are not only encountered by G20 countries but also developing and vulnerable countries.Discussion on Leaders' Declaration began from materials that are relatively easy to accept by all countries followed by a bilateral meeting with several key countries, so that an agreement can be achieved.A technical discussion on Leaders' Declaration will be conducted in October 2022 before it is finalized during the fourth Sherpa meeting in Bali in November 2022, near the execution of the G20 Summit held in the same month and place.The declaration draft that contains three priority issues during Indonesia's G20 Presidency comprises global health architecture, digital-based economic transformation, and energy transition as well as food security. This draft comes from 39 parties, comprising G20 member countries, nine invited countries, and 10 invited international organizations, that will attend the G20 Summit Conference in Bali, November.The meeting also endorsed concrete deliverables, such as programs or initiatives. This aligns with President Joko Widodo's mandate that Indonesia's G20 Presidency should produce real benefits for Indonesians."It is true that the concrete results will have their follow-up programmed," secretary of the Coordinating Ministry for Economic Affairs Susiwijono, said at an online press conference, which was followed from here on Tuesday (Sept 27).The programs arising out of this year's G20 Summit will be reviewed together at next year's meeting."There is an annual forum so that we can review several agreements that have been conducted together," he said.This year, in the midst of various global crises, Indonesia was able to contribute fairly, leading many to praise it, he added.The G20 Sherpa Track discusses global challenges and various economic (non-financial) issues to find solutions and provide recommendations on the G20 agenda and priority issues, such as energy, development, tourism, digital economy, education, labor, agriculture, trade, investment, industry, health, anti-corruption, environment and climate change.The role of Sherpa Track is very vital, especially in coordinating all Working Groups and Engagement Groups under its coordination.Indonesia's G20 presidency in 2022 provides an opportunity for Indonesia to lead developed and developing countries in discussing various issues and the process of global economic recovery.Underscoring Indonesia's important role as president of this year's G20, Foreign Minister Retno Marsudi said that the world was pinning hopes on G20 being a catalyst of global economic recovery, especially for developing countries."The G20 must not fail to be a catalyst for world recovery. We cannot let global recovery fall at the mercy of geopolitics," she stated, while delivering a speech at the general debate of the 77th United Nations General Assembly on Tuesday (Sept 27).She proposed the paradigm of collaboration to surmount numerous global challenges."A paradigm of win-win, not of zero-sum. A paradigm of engagement, not of containment. A paradigm of collaboration, not of competition. This is the transformative solution that we need," Marsudi noted.According to Marsudi, such a collaboration paradigm is deemed necessary to facing the current concerning world conditions wherein the pandemic persists and the global economy remains sluggish, war among nations, and violation of international law that has become a norm in pursuit of narrow self-interests.Written by: Sanya Dinda S, Fadhli Ruhman, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)