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Pertamina teams up with IDX for carbon trading

20 October 2022 11:18

JAKARTA - In order to support the decarbonization program and the achievement of Indonesia's 2060 Net Zero Emission (NZE) aspirations, Pertamina cooperates with a fellow SOE, the Indonesia Stock Exchange (IDX) in carbon trading.

Pertamina and IDX will review the potential for business cooperation so that they can increase knowledge and optimize their respective duties and functions for the implementation of the voluntary carbon market and carbon market compliance.

The potential for carbon trading cooperation that can be carried out is the use of the IDX's carbon trading infrastructure in carrying out carbon trading transactions through the carbon exchange in Indonesia, development of a national carbon trading ecosystem, internal and/or international carbon trading pilots, sharing knowledge related to the development of national and/or international carbon trading businesses. and other forms.

"This is the next stage of our exploratory steps for the carbon business as an effort to accelerate the development of the national and international carbon trading ecosystem," said Atep Salyadi Dariah Saputra, Director of Strategy, Portfolio and Business Development of PT Pertamina (Persero)

Efforts to achieve emission reduction targets through carbon trading are also carried out by Pertamina Group with the VCM Piloting Initiative by Subholding Power & NRE (PPI) and Subholding Upstream (PHE). (LM)

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