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RI to introduce carbon capture rule for industries by year end
The government is set to launch a new regulation on carbon capture and storage (CCS) by year-end in an effort to expedite investment on the technology and bring down emissions from hard-to-abate industries.
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Cambodia's Mining and Energy Deputy Minister Victor Jona (left), Indonesia's Energy and Mineral Resources Minister Arifin Tasrif (center) and Laos' Energy and Mining Minister Phosay Sayasone (right) during the Joint Opening Ceremony of the 41st ASEAN Ministers on Energy Meeting (AMEM-41) and ASEAN Energy Business Forum (AEBF) 2023 in Bali on Thursday. (Energy and Mineral Resources Ministry/-)
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he government is set to launch a new regulation on carbon capture and storage (CCS) by year-end in an effort to expedite investment in the technology and bring down emissions from hard-to-abate industries.
Mirza Mahendra, the Energy and Mineral Resources Ministry's director for oil and gas engineering and environment, said on Thursday that the ministry was devising a regulatory framework for industrial CCS applications, which could be expected to be ready in the coming months.
“The minister has set a target, this year we must finalize the law,” he told reporters on the sidelines of the ASEAN Energy Business Forum in Bali.
“What we urgently need is for the world to know that Indonesia has a rule established for [industrial] CCS [application]. After all, its deployment worldwide is still under review,” he added.
The technology largely will be aimed at helping remove the emissions from hard-to-abate industries, such as manufacturing, power generation, refinery, petrochemicals, steel and cement, according to the Indonesia Carbon Capture and Storage Center (ICCSC).
Indonesia is exploring the possibility of becoming the region’s CCS hub. He added this could be an opportunity for the archipelago given that there were many discussions about cross-border carbon dioxide (CO2) transportation from other countries to Indonesia.
Read also: RI needs new rules to compete for carbon capture investment:Experts
