Carbon Capture and Storage (CCS) talkshow -
Deputy for Maritime Sovereignty and Energy Coordination, Jodi Mahardi, said that Carbon Capture and Storage (CCS) is very important to accelerate decarbonization; and Indonesia is currently in a prime position to become a regional CCS center (CCS Hub).
CCS policy in Indonesia has also progressed in recent years with several regulations having been passed, namely Regulation of the Minister of Energy and Mineral Resources of the Republic of Indonesia Number 2 of 2023, Presidential Regulation Number 98 of 2021, and Financial Services Authority Regulation (POJK) Number 14 of 2023.
With coordination and discussions underway to ratify the Presidential Regulation regarding CCS in 2023, it is hoped that Indonesia will become a more profitable market.
"The Indonesian government is strongly committed to addressing climate change and reducing carbon emissions. We recognize that CCS is one of the technologies that is very important in this effort where the Government has played a major role in encouraging the implementation of CCS by issuing supporting policies for investment in future CCS projects "In addition, the Government is also open to collaborating with the industrial sector in identifying opportunities and solutions to the obstacles faced in implementing CCS technology," explained Deputy Jodi who is also on the Supervisory Board of the Indonesia Carbon Capture and Storage Center (ICCSC) at The 1st International event. and Indonesia CCS Forum (IICCS Forum) on Monday (11/9) in Jakarta.
Global climate change is an important issue that requires a joint response, from the government, private sector and society. One solution to deal with global climate change due to greenhouse gas emissions is to apply CCS technology. Indonesia has geological formations that can be used to store carbon emissions permanently.
Apart from that, Indonesia's strategic location in the Asia Pacific region can make Indonesia a regional CCS Hub which will certainly attract investment, open up job opportunities and will support Indonesia's economic growth.
Apart from that, Deputy Jodi also explained that the government always provides support for the development of CCS in achieving a cleaner future and supporting sustainable economic growth.
Indonesia, which consists of more than 17,000 islands, requires large investments to improve the domestic CCS industry. This achievement must be carried out with strategic, measurable and sustainable steps.
"The Coordinating Ministry for Maritime Affairs and Fisheries continues to establish communication with stakeholders, relevant ministries, regional governments, especially with ICCSC which is a strategic collaborator in the development of CCS in Indonesia. We invite stakeholders to join us on this journey and together realize our vision for a better world," added Deputy Jodi.
ICCSC will focus on developing and implementing CCS Indonesia technology to become a CCS Hub. Its fundamental role in pooling knowledge, experience and resources from various countries and sectors makes it a strategic partner in advancing CCS implementation in Indonesia.
Apart from that, government support in developing CCS is demonstrated by the preparation of a draft Presidential Regulation on CCS to expand the implementation of CCS including CCS Hub, cross-border CCS, CO2 from industry, and its use in non-oil and gas working areas.
"By gathering knowledge, experience and resources from various countries and sectors in the IICCS Forum 2023, it is hoped that it can help the Government in drafting regulations for the implementation of CCS in Indonesia. Thus, this forum will become one of the drivers for the implementation of CCS technology in Indonesia which will certainly creating a sustainable, safe and prosperous future," concluded Deputy Jodi//VOI