Will Be A Carbon, Pertamina And IDX Trading Exchange Cooperation Technology

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Pertamina (Persero) collaborated with PT Bursa Efek Indonesia (IDX) to sign a memorandum of understanding in order to support the decarbonization program and achieve the aspirations of Net Zero Emission (NZE) Indonesia 2060. In this collaboration, the IDX as a party that has the potential to be appointed as the organizer of the Carbon Exchange in Indonesia can support Pertamina's plan to develop the Carbon Business Build initiative. Therefore, Pertamina and the IDX will review the potential for business cooperation so as to increase knowledge, as well as optimize their respective duties and functions in the implementation of the carbon market and complement carbon market. The potential forms of carbon trading cooperation that can be carried out are the utilization of the carbon IDX trading infrastructure in carrying out transactions through carbon exchanges in Indonesia, the development of the national carbon trading ecosystem, internal, national and/or international carbon trading pilots, and sharing knowledge related to the development of the national and/or international carbon trading business. "This is a further stage of our assessment steps for the carbon business as an effort to accelerate the development of the national and international carbon trading ecosystem," said Director of Strategy, Portfolio, and Business Development of PT Pertamina (Persero) A. Salyadi Dariah Saputra in an official statement, Tuesday 18 October. Responding to this collaboration, IDX President Director Iman Rachman welcomed Pertamina's plan to jointly develop a carbon market ecosystem in Indonesia and utilize carbon trading infrastructure to be developed by the IDX. "We are ready to cooperate with all SOEs to support a low-carbon economy," he continued. Efforts to achieve the target of reducing emissions through carbon trading were also carried out by Pertamina Group with the VCM Piloting Initiative by Subholding Power & NRE (PPI), Refinery & Petrichemical Subholding Upstream (PHE).