Jakarta – PT PLN Nusantara Power (PLN NP) targets 2 million tons of CO2 equivalent emissions to be traded, doubling compared to 2023. PLN NP is committed to increasing efforts to reduce carbon emissions through carbon trading.
“Last year, it was almost 1 million tons. This year it might be 2 million tons of CO2. There are 13 PLTUs (Steam Power Plants) that will be involved in carbon trading this year,” said the Director of Human Capital Management and Administration of PLN NP, Aji, in a discussion with the media, on Tuesday, April 23.
Aji explained that carbon trading is one way to encourage energy transition and achieve net zero emission targets. Companies that build renewable power plants can make carbon certificates.
Companies that reduce emissions can create emission reduction certificates. These certificates can then be traded in the carbon market.
“This means that companies that build renewable power plants can make carbon certificates, and companies that reduce can make emission reduction certificates, meaning that emissions can be traded and encourage other additions so that economically, companies that build renewables will have their burden reduced. Conversely, companies that operate CO2 will increase their burden,” Aji explained.
PLN NP is one of the parties active in carbon trading in Indonesia. Since the Indonesia Carbon Exchange (IDXCarbon) launch in September 2023, PLN NP has become the largest trader on the exchange, opening the equivalent of nearly 1 million tons of CO2.
IDXCarbon is connected to the Ministry of Environment and Forestry’s (MoEF) National Registry System for Climate Change Control (SRN-PPI). This facilitates the administration and transfer of carbon units and avoids double counting.
PLN NP is listed on the exchange and conducts direct carbon trading, direct emissions offsetting, and offset trading.
PLN NP’s efforts in carbon trading are part of the company’s commitment to support the government in achieving net-zero emission targets. With carbon trading, it is expected that greenhouse gas emissions can be reduced and the energy transition can be accelerated. (Hartatik)
Banner photo: PLN Nusantara Power
