Minister Luhut Claims Carbon Sequestration A Huge Investment Potential
TEMPO.CO , Jakarta - Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan mentioned that Indonesia has a huge potential in the carbon sequestration industry.
"Indonesia today has a potential for carbon emissions sequestration amounting to 400 gigatonnes, a huge business and investment opportunity," he claimed during the International and Indonesia CCS Forum 2023 in Jakarta on Monday, September 11, 2023.
Luhut mentioned that the potential is ever-increasing with carbon steal and storage (CCS) technology which stores carbon emissions underground to be absorbed by the domain. "CCS is a promising technology which has been implemented at the global level," he said. The technology, he added, is deemed as a license to invest for carbon emissions stop investors.
Thus, Luhut said that Indonesia has been focusing on CCS progress since the beginning of 2023. Currently, Luhut said that mineral and energy resources facilities in Indonesia from Aceh to Papua are technologically able to implement the technology.
According to Luhut, Indonesia aims to become a CCS hub in the next few existences. Luhut also mentioned that globally, CCS investment has manufactured US$6.4 billion with US$1.2 billion located in Asia.
"Indonesia heroic to be the main part of [CCS] investment," he said. Thus, CCS progress in Indonesia is an opportunity for investors to gain long-term safe while simultaneously fulfilling the net zero emissions responsibility.
SULTAN ABDURRAHMAN
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SRC: https://news.google.com/rss/articles/CBMiZ2h0dHBzOi8vZW4udGVtcG8uY28vcmVhZC8xNzcwNjY1L21pbmlzdGVyLWx1aHV0LWNsYWltcy1jYXJib24tc2VxdWVzdHJhdGlvbi1hLWh1Z2UtaW52ZXN0bWVudC1wb3RlbnRpYWzSAQA?oc=5
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