Energy transition collaboration to fight against global warming: Pertamina

JAKARTA, July 15, 2022 – (ACN Newswire) – Indonesian state-owned oil and gas company PT Pertamina has encouraged collaboration between countries for energy transition to combat global warming.

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Pertamina President and Director Nicke Widyawati (middle) during a B20 dialogue on “Sustainable Finance for Climate Transition”, held in Bali on Thursday, July 14, 2022. (ANTARA/ HO-PT Pertamina)

“Preventing global warming and climate change is a challenge for all countries in the world, both developed and developing countries, including energy companies and industry players,” the energy company said Friday in a statement.

Pertamina President and Director Nicke Widyawati noted that energy transition is key to preventing the catastrophic effects of global warming and climate change, but that energy transition efforts must not interfere with the unfinished development agenda in some developing countries.

Widyawati raised this point, considering that the average energy consumption, emissions expenditure and per capita income of developing countries are generally lower than those of developed countries.

“Therefore, developed countries must support developing countries in the transition to sustainable energy if the world is to have a chance of meeting the goal of (reducing) global warming,” she said at the meeting. dialogue on “Sustainable financing for climate transition” held in Bali. Thursday (July 14).

She pointed out that Pertamina – as a public energy company – has allocated a capital expenditure (Capex) of 14% of its total investment funds to support the implementation of the energy transition in Indonesia. This figure is well above the average 4.3% investment in renewables made by any other global energy company.

“Overcoming climate change is one of the strategies in Pertamina’s sustainability program, with a target to reduce carbon emissions by 30% by 2030, which is above the Nationally Determined Contribution target (NDC) of Indonesia,” noted Widyawati.

She noted that from 2010 to 2020, the company managed to reduce 6.8 million metric tons of carbon dioxide equivalents (MmtCO2E), or 27%, from 26% of the 2010 baseline.

Widyawati – who is currently also the chair of the B20 Energy, Sustainability and Climate Task Force – stressed that all energy transition efforts must be carefully planned to ensure that energy security and accessibility for the whole community are well maintained.

Pertamina will accelerate its energy transition efforts towards sustainable energy use, ensure a just and affordable transition and improve energy security, she noted.

Considering that the energy transition requires high technology and costs, Widyawati added that Pertamina is open to partnerships and collaborations with like-minded parties to encourage innovation and reduce technology costs for the transition effort.

“Pertamina’s ambition is to become a leading global energy company with a good reputation and to be recognized as a company that implements ESG (environmental, social and governance) principles in an integrated way”, a- she declared.

The dialogue, held in a hybrid format, was also attended by Indonesian Finance Minister Sri Mulyani, Chairman and CEO of state-owned power utility PLN Darmawan Prasojo, Chairman and CEO of PT Pertamina Geothermal Energy (PGE) Ahmad Yunianto and the vice president of Jinko Solar Co. Ltd. Dany Qian.

The Business 20 (B20) is the G20’s official forum for dialogue with the global business community. Created in 2010, the B20 has reserved companies and professional organizations, and it is among the most important engagement groups of the G20.

Contact: Fajriyah Usman, Vice President of Corporate Communications, PT Pertamina (Persero)
M: +62 858 8330 8686, Email: [email protected]URL: https://www.pertamina.com
Written by: Yuni Arisandy Sinaga, Editor: Fardah Assegaf (c) ANTARA 2022

Teresa H. Sadler