Indonesia and Singapore Join Hands on Cross-Border CCS

TEMPO.CO, Jakarta - Indonesia and Singapore signed a Letter of Intent (LOI) to collaborate on carbon capture and storage (CCS) programs in a bid to achieve net zero emissions by 2050. This strategic initiative aligns with Presidential Regulation No. 14 of 2024 on CSS.

CCS is the process of capturing, transporting, and storing carbon dioxide to prevent carbon emissions from being released into the atmosphere. This method is particularly suited to various industries that encounter difficulty in reducing carbon emissions, such as the energy sector, chemical industry, and power plants. 

“This initiative underscores Indonesia’s commitment to assuming a leading role in environmental responsibility in the Southeast Asian region,” Jodi Mahardi, Indonesian Deputy for Maritime Sovereignty and Energy, said in a statement in Jakarta on February 15.

Jodi said that the collaboration also demonstrated Indonesia's proactive approach to harnessing innovative technology for sustainable growth. 

Keith Tan, Deputy Secretary (Industry) of the Singapore Trade and Industry Ministry, noted that cross-border carbon capture and storage is an emerging solution in Asia and supported Singapore’s transition towards a low-carbon future.

“We are proud to be the first country to sign an LOI with Indonesia following the announcement of its presidential regulation on cross-border CCS,” Tan said.

He hoped that Singapore and Indonesia could lead the way in accelerating the implementation of cross-border CCS projects in Southeast Asia.

Under the deal, the two countries emphasized the importance of CCS as a decarbonization method and highlighted its potential to support sustainable industrial activities and create new economic opportunities.

A joint working group will draft a legally binding bilateral agreement, that will enable the cross-border transport and storage of carbon dioxide between Singapore and Indonesia. 

ANTARA

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