Nusa Dua, Bali – Task Force for Energy, Sustainability and Climate Business 20 (TF ESC-B20) created the first Green Industrial Area in Southeast Asia, task force officials said. They said, formation of a green industrial area shows that industrial decarbonization is very important, both for independent industries and especially for industrial clusters.
TF ESC-B20 chair Nicke Widyawati said, for Indonesia, supporting industrial decarbonization would accelerate net zero emissions targeted for 2060 or sooner. Supporting the development of green industry clusters will also attract more foreign investment in the future so that it can boost national economic growth and create jobs.
“Decarbonization of industrial clusters allows us to apply an integrated approach for the transition to net zero,” said Nicke Widyawati, Chair TF ESC-B20 who is also the CEO of Pertamina, in Bali, late November.
She said, one of the important pillars of decarbonization is energy efficiency and circularity, by using developing technologies such as modernizing energy-efficient tools and components, and adopting flaring recovery systems. Other industrial decarbonization initiatives are the application of Carbon Capture, Utilization and Storage (CCUS) technology and the implementation of Nature Based Solutions (NBS).
“Indonesia has 400 billion tonnes of CO2 storage potential in our reservoirs for CCUS. We also have the potential for the 2nd largest global NBS in the world,” added Nicke.
Widyawati said, energy use in industry is the highest compared to energy use in buildings and the transportation sector. Therefore, one of the recommendations of TF ESC-B20 is to enhance global cooperation in accelerating the transition to sustainable energy use by reducing carbon intensity in various pathways as well as industrial decarbonization.
Globally, energy efficiency increased by around 13% (2000 – 2017) and will be 12% higher if this is not stopped.
“Over the past 10 years, energy consumption has grown rapidly by 47%. According to the latest estimates, the annual average CO2 reduction would need to increase by five times to reach the target of the Paris Agreement. The pace of transition needs to accelerate,” said Widyawati.
She said, new technologies that accelerate industrial and consumer energy consumption are essential to drive efficiency. In addition, one of the policy recommendations from TF ESC-B20 is to increase global cooperation in accelerating the transition towards sustainable energy use. (Hartatik)
Banner photo: Kelly/pexels.com
