“We are very proud that last year, Pertamina had successfully reduced around 29 percent of carbon emission in our operations,” PT Pertamina (Persero) CEO Nicke Widyawati said.
Speaking during the Indonesia Pavilion event of the World Economic Forum in Davos on Wednesday (Jan 18), she said, for that success, in terms of the ESG performance, Pertamina has now ranked second on the global sub-cluster of integrated oil and gas companies.
According to Widyawati, Indonesia has a very significant role in decarbonization and an energy transition.
In this regard, Pertamina has a roadmap and infrastructure to support the Indonesian Government to achieve the national emission target, she said.
“We are the second largest low-cost natural-based solution,” said Widyawati, who also served as the Chairman of B20-TF ESC during the G20 in 2022.
PT Pertamina (Persero) collaborates with several international companies, including Foxconn, CATL, LG Energy Solution, Chevron, ExxonMobil, Mitsubishi, and Japex, to support the decarbonization and energy transition.
Widyawati further noted that Indonesia has around 400 gigatons of CO2 storage potential in its major reservoir and is the largest producer of critical materials for energy transition, including nickel.
For those potentials, Widyawati said PT Pertamina (Persero) is very confident that Indonesia can significantly participate in the decarbonization and energy transition.
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Additionally, Widyawati highlighted three priorities of the Business 20 Energy, Sustainability, and Climate Task Force (B20-TF ESC) in energy, sustainability, and climate issues that need global partnerships to accelerate low-carbon projects.
The priorities included accelerating the use of sustainable energy, ensuring a just and affordable energy transition, and enhancing energy security.
The task force revealed that these three priorities must be followed up through a broader collaboration between developing and developed countries.
The task force had reached 36 partnership agreements involving 11 countries with potential project values of US$11.5 billion, she added.
Related news: Pertamina to balance energy transition, security in net zero push
