Pertamina New and Renewable Energy (Pertamina NRE) merupakan salah satu badan usaha yang memiliki portofolio carbon credit project dari sumber energi bersih. Dan sumber energi bersih tersebut antara lain berasal dari Pembangkit Listrik Tenaga Panas Bumi (PLTP) Lahendong Unit 5 dan 6, Pembangkit Listrik Tenaga Bio Gas (PLTBG) Sei Mangkei, dan sejumlah konsesi hutan hasil kerja sama dengan Perhutani.
Saat ini, Pertamina NRE tengah fokus mengembangkan proyek kredit karbon dari energi terbarukan yang berbasis teknologi, dan kehutanan atau nature base solutions. Dan Pertamina NRE merupakan pemasok kredit karbon pertama saat peluncuran IDX Carbon pada tahun 2023. Dimana hingga saat ini, telah berhasil menjual sebanyak 561 ribu tCO2e kredit karbon di Indonesia.
Sementara itu, Otoritas Jasa Keuangan mencatat volume perdagangan bursa karbon per 31 Juli 2024 lalu mencapai 613.541 ton setara karbondioksida. Jumlah ini meningkat dibanding pada awal perdagangan bursa karbon, saat diresmikan oleh Presiden Joko Widodo September tahun lalu sebanyak 459.953 tCO2e. Adapun nilai transaksi karbon yang diperdagangan hingga akhir bulan lalu, mencapai Rp37,04 miliar.
Saat ini, Pertamina NRE tengah fokus mengembangkan proyek kredit karbon dari energi terbarukan yang berbasis teknologi, dan kehutanan atau nature base solutions. Dan Pertamina NRE merupakan pemasok kredit karbon pertama saat peluncuran IDX Carbon pada tahun 2023. Dimana hingga saat ini, telah berhasil menjual sebanyak 561 ribu tCO2e kredit karbon di Indonesia.
Sementara itu, Otoritas Jasa Keuangan mencatat volume perdagangan bursa karbon per 31 Juli 2024 lalu mencapai 613.541 ton setara karbondioksida. Jumlah ini meningkat dibanding pada awal perdagangan bursa karbon, saat diresmikan oleh Presiden Joko Widodo September tahun lalu sebanyak 459.953 tCO2e. Adapun nilai transaksi karbon yang diperdagangan hingga akhir bulan lalu, mencapai Rp37,04 miliar.
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TVTranscript
00:00Introduction
00:13You're back with us in Market Review.
00:15The sponsor of New and Renewable Energy, or NRE,
00:19is currently focusing on developing a carbon credit project
00:22based on technology and forestry.
00:24The clean energy source owned by NRE
00:27comes from Land Power Electricity Development and Forestry Concession.
00:36The sponsor of New and Renewable Energy, or NRE,
00:39is currently focusing on developing a carbon credit project
00:44based on technology and forestry concession.
00:46The clean energy source owned by NRE
00:48comes from Land Power Electricity Development,
00:51or PLTP Lahendong Unit 5 and 6,
00:53Land Power Electricity Development, or PLTBG Semangke,
00:57and a number of forestry concessions
00:59made in cooperation with PT Perhutani.
01:02The sponsor of New and Renewable Energy, or NRE,
01:04is currently focusing on developing a carbon credit project
01:07based on technology and forestry concession.
01:12The sponsor of New and Renewable Energy, or NRE,
01:14is the first carbon credit sponsor
01:16when IDX Carbon was launched in 2023,
01:20which has so far managed to sell
01:22as many as 561,000 TCO2e carbon credits in Indonesia.
01:28Meanwhile, the Ministry of Finance notes
01:30that the volume of carbon exchange transactions
01:32per 31 July 2024
01:35reached 613,541 tons of carbon dioxide.
01:40This number increased compared to the beginning of the carbon exchange
01:44when it was inaugurated by President Joko Widodo in September last year
01:47to 459,953 TCO2e.
01:53The value of carbon transactions traded
01:55until the end of last month reached 37.04 billion rupiah.
02:01It is currently recorded that there are 70 servicemen
02:03who have received permits.
02:05The balance sheet covers the value of transactions
02:07of 26.7% in the regular market,
02:0920.1% in the negotiation market,
02:11and 49.89% in the forex market.
02:15In the future, the potential of carbon trading is still very large
02:18because there are still 3,864 registrants
02:21registered in the National Registry System
02:23for Climate Change Control or SRNPPI.
02:27Jakarta, IDX Channel coverage team.
02:34And this time, the market review editor-in-chief will review
02:36the NRA's determination to promote industrial decarbonization.
02:40And with us today, Mr. Fadli Rahman,
02:43Director of Strategic Planning and Business Development.
02:46Mr. Fadli, thank you for joining us today.
02:49Before we go any further,
02:50regarding NRA's determination, Mr. Fadli,
02:52how is your review of green energy development
02:55globally and in Indonesia at the moment?
02:57Yes, of course, we see that globally,
02:59there is significant development.
03:02It is very drastic,
03:04where in the last 7, 8, 9, 10 years,
03:08the development is very rapid.
03:10In Indonesia, there is a little lagging behind,
03:12but we see that,
03:14not only in terms of business aspects,
03:16but also in terms of regulation and so on,
03:19there has been quite a drastic development
03:22compared to the last 5 years,
03:24where it is not only the carbon business
03:30that has started to emerge,
03:31but we also see many other green businesses
03:33that have started to develop.
03:35Okay.
03:36So, is the concept of green energy itself
03:39in line with NRA's vision and mission?
03:41Of course, it is in line.
03:43One of our visions is
03:45energizing people and planet with green energy.
03:48And of course, the tagline is green energy.
03:51So, we are based on clean energy,
03:54and of course, one of them is green energy.
03:56Okay.
03:57Of course, it is in line with NRA's vision and mission.
04:00But what is interesting is that
04:02we are a little lagging, as Mr. Fadli mentioned.
04:04Why is that?
04:05If we can dig a little,
04:07why are we lagging
04:09compared to global development?
04:11Yes, because other countries
04:13have already realized this first.
04:16For example, carbon trading in Europe or America
04:21has been happening since the early 2000s.
04:23Is it smooth?
04:25Of course not.
04:26There are many ups and downs.
04:28There are ups and downs,
04:29there are changes from all sides,
04:31be it the process or regulation and so on.
04:34But as far as we know,
04:36we have been behind for 20 years.
04:38Is this bad?
04:39Of course not.
04:40Because every country has its own time
04:44for the development.
04:46Okay, so it's okay.
04:48But we still continue
04:50to use or optimize green energy.
04:53So, with carbon itself,
04:55as Mr. Fadli mentioned,
04:57carbon trading,
04:59how far does NRA's pertamina
05:01take advantage of its green assets?
05:03First, of course, we see that
05:05our legacy asset is geothermal.
05:07We have been building it
05:09since 1970-1980,
05:1140 years ago,
05:13where carbon credit
05:16from geothermal has been produced
05:18since 2015-2016.
05:20When the government issued
05:22an extraordinary initiative,
05:24which is the launch of the carbon market yesterday,
05:27we certainly want to be the first.
05:31Because we take advantage of the existing assets,
05:34the legacy that has already been formed
05:36and the process has already been created
05:39in terms of issuing the carbon credit itself.
05:42So, the first one,
05:44that's what we will push.
05:46There are several other assets,
05:48such as PLTS, PLTBG, Biogas,
05:50Biogas power plants,
05:52and also gas power plants,
05:54which in the near future,
05:56all will issue carbon credits.
05:58Okay, so there are quite a lot
06:00that have been optimized.
06:02So, if we talk about
06:04the carbon credit itself,
06:06how many carbon credits
06:08have been traded
06:10in the carbon stock market
06:12by Pertamina NRI?
06:14Until semester 1,
06:16there were about 561,000.
06:18If we look at it,
06:20is it big? No.
06:22But is it good?
06:24If we compare it with other countries,
06:26this is much better,
06:28where Malaysia and Singapore
06:30only sell about 160,000.
06:32So, it's quite good.
06:34We sell about 560,000
06:36that have been traded.
06:38This accounts for
06:40about 90% of the market share
06:42along with our other friends.
06:44So, it's quite good,
06:46if I can say that.
06:48It's quite good,
06:50achieving it until semester 1, 2024.
06:52So, the total carbon credit
06:54owned by Pertamina NRI has been traded.
06:56Then, can you explain again,
06:58Mr. Fadli, which Pertamina NRI assets
07:00will be developed
07:02to get carbon certification
07:04other than PLTP?
07:06So, for geothermal,
07:08we have 5 other assets.
07:10And we will try
07:12to optimize it
07:14in terms of carbon credit.
07:16It's in Kamujang, Ulu Belu,
07:18Hululais, and so on.
07:20That's number one.
07:22Number two,
07:24bio gas,
07:26which we cooperate with PTPN.
07:28We will optimize
07:30it in terms of
07:32carbon credit.
07:34Number three, we have one of the
07:36largest gas power plants
07:38in Southeast Asia,
07:40which is Jawa Satu Power.
07:42We cooperate with
07:44our partners from Japan, Marubeni,
07:46and Sojits, and we will
07:48get carbon credit of 3 million tons
07:50per year. So, in total,
07:52in the near future, we will have
07:54about 3.5
07:56to 4 million tons per year of carbon credit.
07:58In the future, we are
08:00cooperating with
08:02the development of the existing regulations,
08:04together with the
08:06related ministries.
08:08We will try to cooperate with the farmers
08:10to take advantage of their existing concessions.
08:12Our estimation, from about 9 concessions,
08:14can produce 5 million tons
08:16per year.
08:18So, in total, it will be around
08:209 to 10 million tons per year
08:22in the next 5 years.
08:24So, in the near future, we will have
08:263.5 to 4 million tons per year.
08:28Okay, in the next 5 years,
08:30we will see how much or how big the projection is,
08:32and what kind of ecosystem
08:34will it support? Because we know that
08:36carbon trading needs a supportive ecosystem.
08:38What kind of ecosystem will it support?
08:40But later, after the break, Mr. Alvanli,
08:42we will continue again, and the audience
08:44will stay with us on Market Review. See you soon.
08:54Market Review
09:02Back with us on Market Review,
09:04and we will continue our discussion on
09:06NRE Pertamina, the push for
09:08industrial decarbonization.
09:10And still with us, of course, Mr. Fadli Rahman,
09:12Director of Strategic Planning and Business Development,
09:14NRE Pertamina.
09:16Mr. Fadli, as mentioned earlier,
09:18what is the potential for the next 5 years?
09:20So, how does NRE Pertamina
09:22to create a supportive ecosystem
09:24so that it will be
09:26in accordance with the target
09:28and also in accordance with the government program
09:30in the target of net zero emission?
09:32Yes, if it is related to carbon credit itself,
09:34and also how carbon trading
09:36will be in the future, of course,
09:38there must be a team and there must be a request.
09:40Supply and demand.
09:42This supply and demand must happen
09:44continuously.
09:46Continuous.
09:48And continuous.
09:50And the other side must also be in accordance.
09:52In accordance with what?
09:54In accordance with the potential that we have.
09:56So, we really have to
09:58work together, not only in the element of
10:00business, element of regulation, but also
10:02the wider community.
10:04How can we create
10:06continuous supply and demand?
10:08What we do is,
10:10number one, of course, make sure
10:12that there is an advocacy.
10:14Government advocacy, advocacy to the community,
10:16advocacy to the companies,
10:18both now and in the future,
10:20will need carbon credit.
10:22Secondly, of course,
10:24we will make sure that this team
10:26can continue.
10:28So, it's not just the operational
10:30that still runs on the side of the assets
10:32earlier, but we also see
10:34in terms of per-time group, the potential
10:36supply chain, where else
10:38can we take advantage of?
10:40Whether it's in the NRA's own per-time group,
10:42or outside the NRA's per-time group.
10:44For example, there are other sub-holdings,
10:46such as Tiki Lang, which does energy efficiency,
10:48which actually the carbon credit
10:50can be optimized.
10:52There are also other sub-holdings, such as Hulu,
10:54which does carbon capture
10:56storage, which
10:58in the next 10 years, the carbon can be
11:00optimized. So,
11:02we also see this as a whole
11:04to ensure that
11:06the team will continue.
11:08Then,
11:10from the demand side, of course, how can
11:12we advocate
11:14to related companies,
11:16to the community, that this is indeed needed
11:18so that the team can
11:20be fulfilled with the demand
11:22or the request. Okay, so
11:24the supply and demand is what
11:26must be maintained
11:28so that it can achieve the targets
11:30that have been set. Now, if we
11:32talk about carbon trading, carbon
11:34exchange, as we know,
11:36this is part of ESG,
11:38Environmental, Social, and Governance.
11:40If we look at this, what
11:42is actually the most challenging for Pertamina NRE
11:44in running ESG and also carbon trading?
11:48So, if Pertamina NRE is part
11:50of Pertamina Group, and in
11:52terms of sustainability or ESG rating,
11:54it is indeed one of the best in the world,
11:56we can say. Pertamina
11:58got the number one rating
12:00for integrated oil and
12:02gas company in the world.
12:04Pertamina NRE is also number three
12:06for integrated utility company
12:08in the world. So,
12:10one thing
12:12that we can be proud of
12:14is that we are one of the leaders
12:16in ESG.
12:18But, of course,
12:20as part of how
12:22we implement it, we have to
12:24do a comprehensive advocacy
12:26to the community and also how we can
12:28develop methodologies
12:30that can be applied
12:32by all parties to
12:34ensure that ESG can be implemented.
12:36We are trying to be a catalyst
12:38in Pertamina Group itself
12:40and also for BUMN as a whole.
12:42Because of that, of course,
12:44how Pertamina achievement can be extraordinary
12:46in the last few years, because there is
12:48ESG activity that
12:50is quite intensive.
12:52Not only at the
12:54corporate level, but also at the individual level.
12:56So, it has to be comprehensive.
12:58Okay, it has to be comprehensive.
13:00So, the awareness is also
13:02implemented for
13:04all parts of Pertamina NRE.
13:06But, if there are
13:08some challenges,
13:10what has been done so far?
13:12Mr. Fadli, are there any special strategies
13:14to make it smoother
13:16related to ESG?
13:18Yes, the challenge is number one,
13:20how to convince the community
13:22or other parties,
13:24other companies,
13:26our partners also in
13:28implementing ESG. For example,
13:30related to information, specifically.
13:32How do we reduce
13:34emissions?
13:36We have to look at
13:38the challenges of the economy.
13:40Typically, technology
13:42is already there.
13:44Whether it's from our partners in Japan,
13:46in Korea, in Europe, in America.
13:48How to apply
13:50that technology in Indonesia,
13:52the only way is
13:54to achieve the economy.
13:56Meanwhile, on average,
13:58if the industry is like
14:00the new one, the future one, like this,
14:02it's more expensive.
14:04So, how can we
14:06combine their
14:08requirements
14:10with the existing team
14:12related to the economy.
14:14So, one of them is the economy.
14:16Secondly,
14:18how can we make them aware
14:20that this is an important thing
14:22that they can achieve
14:24in their targets. So, we try to
14:26embed
14:28all the targets related to
14:30the policy of their company.
14:32Okay. So, it's
14:34our own strategy
14:36to achieve the targets.
14:38Then, we know that as a company
14:40that does business in the extractive sector,
14:42how does Pertamina
14:44ensure that
14:46the operational can reduce
14:48carbon emissions, Mr. Fadli?
14:50Pertamina,
14:52in a group, in 2023,
14:54has reduced carbon emissions
14:56by 34%
14:58compared to our
15:00business as usual.
15:02So, we have reduced
15:04in scope 1 and scope 2
15:06by 34%. But,
15:08to the community, in scope 3,
15:10we have reduced
15:12by more than 30 million tons.
15:14This 30 million tons,
15:16if we can say, we try
15:18this, Mr. Fadli,
15:20to analogize with
15:22let's say, 10 kg. One bag of rice
15:24is 10 kg.
15:26It's equivalent to 3 billion.
15:283 billion bags of rice.
15:30Because 30 million tons
15:32is equivalent to 30 billion.
15:34Divided by 10, it's 3 billion bags of rice.
15:36So, this is an extraordinary amount.
15:38Tons in one year
15:40that we have reduced.
15:42This is what is
15:44pushed by Pertamina Group. Not only Pertamina Energy,
15:46but we are part of Pertamina Group
15:48to ensure that this can be
15:50pushed together. Okay.
15:52So, earlier, it has been discussed
15:54with Carbon,
15:56ESG. What we want to know,
15:58maybe this is a question for you, Mr. Fadli,
16:00how to expand
16:02Pertamina Energy in the future to increase
16:04the business potential? Is there anything you can share to the investors?
16:06Oh, of course.
16:08As part of Pertamina Group,
16:10we are pushing two things.
16:12The first is how we continue to develop
16:14our business legacy in oil and gas.
16:16But the second is also
16:18offset by developing
16:20green business. These two must work.
16:22Because this energy transition is not just one
16:24leg that can run. Both must run
16:26so that we can run.
16:28In the oil and gas business, one thing we do
16:30is how to reduce emissions
16:32in the production of oil and gas.
16:34So, it's related to energy conservation.
16:36Energy efficiency.
16:38Energy efficiency.
16:40We help other
16:42subholding companies to ensure
16:44that energy consumption for
16:46energy production can be reduced.
16:48So, this is the first step that we are pushing.
16:50The second step is how we develop
16:52other green business, such as
16:54geothermal. We will continue to
16:56push for the capacity to increase
16:58in the future. We have a target
17:00for the next five years to reach 1 gigawatt.
17:02From the 600 megawatts that we have now.
17:04The second is
17:06other renewable energy such as
17:08PLTS, solar energy.
17:10We have an extraordinary ambition
17:12both for the supply of electrons
17:14and the supply of molecules, such as green hydrogen.
17:16The third is related to
17:18the green hydrogen itself.
17:20In the next 5-10 years,
17:22we can produce green hydrogen
17:24domestically and regionally
17:26as a whole.
17:28The fourth is
17:30the carbon business that we have been developing.
17:32Not only in the technology-based sector,
17:34but also forestry-based, together with
17:36farmers and others.
17:38The fifth is
17:40new fuels such as biofuels,
17:42such as bioethanol, to support
17:44the Pertamina program in reducing
17:46emissions in the fuel itself,
17:48in the BBM itself.
17:50Now we have biodiesel, in the future we will have
17:52bioethanol. So those are the five big things
17:54that we like to push. Okay, ready.
17:56Those were the steps of the future expansion
17:58by Pertamina NRE. Unfortunately,
18:00our time is limited. Today, Mr. Fadli, we should
18:02be able to dig more, but maybe in another session.
18:04We will continue our discussion later.
18:06Thank you very much, Mr. Fadli. Thank you.
18:08See you.
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