Publications

Indonesia has set a target for emissions reduction to attain Net Zero Emission (NZE) by 2060. The oil and gas industry has a key role in achieving this target by implementing carbon capture and storage (CCS) and carbon capture, utilization, and storage (CCUS). Does the current status of joint studies and existing and upcoming carbon policy give confidence that CCS/CCUS activities will be successfully implemented in the future? Lemigas (2015) estimated that Indonesia has a potential CO2 storage capacity of more than 1.5 Gigatons. This is a huge potential compared to potential power plant CCS schemes of only 0.12 Gigatons. Since 2013, the Ministry of Energy and Mineral Resources (MEMR) and Lemigas have collaborated with an international company to fully understand the CCS/CCUS potential in Indonesia. On the other hand, there are few laws and regulations regarding CCS/CCUS. In 2019, the Minister of Energy and Mineral Resource issued MEMR Decree 22/2019 on an emissions inventory and mitigation in the Energy sector. Then in 2021, President Regulation no 98/2021 was released on carbon economic value. Currently, the MEMR is drafting Ministerial Regulations on CCS/CCUS. In conclusion, it can be said that CCS/CCUS activities in Indonesia are still at the early-stage. Although some efforts have been made, Indonesia may have the opportunity to reach the target faster by Bilateral and multi-company collaboration.