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Corporations Have a Collective Responsibility to Take Part in Climate Action

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Corporations have a responsibility to take collective action on climate change by making their best efforts to reduce greenhouse gas emissions, including in the energy sector.

This was revealed in a panel discussion session entitled ‘CEO Climate Talks: Transforming the Nation to Renewable Energy’ which was held at the Indonesia Pavilion at COP28 UNFCCC in Dubai, United Arab Emirates, Thursday, November 30, 2023.

The discussion moderated by Senior Advisor to the Minister of Environment and Forestry, Efransjah, featured CEO of PT Vale Indonesia Febriany Eddy, Director of Medco Energi Amri Siahaan, President Director of AMMAN Rachmat Makkasau, Director of PT Astra International Tbk Gita Tiffany, and President Director of PLN Darmawan Prasodjo.

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“PLN is fully committed to reducing GHG emissions,” said Darmawan Prasodjo.

He said PLN had stopped plans to build 13 GW of coal-based power plants 3 years ago. This prevented the release of GHG emissions of 1.83 Billion MT CO2.

PLN has redesigned the national electricity plan to make the electricity produced by PLN the greenest in history, where 51.6 percent of PLN’s additional electricity sources come from renewable energy.

PLN has also launched a target to achieve Net Zero Emissions by 2060.

“Now we are redesigning the electricity plan where 75% of the additional electricity capacity will come from renewable energy,” he said.

CEO of PT Vale Indonesia, Febriany Eddy, stated that nickel is part of the energy transition for the needs of making batteries for electric vehicles and other products. “So production must also be sustainable,” he said.

Febriany said, to reduce GHG emissions, Vale has built three hydroelectric power plants to meet energy needs for the nickel processing process. These three power plants contribute to reducing GHG emissions by up to 1 million tons of CO2 per year.

Febriany also explained about the use of natural gas as an energy transition in the nickel production process to replace coal. According to him, natural gas produces 50% lower GHG emissions than coal.

Febriany continued, as part of reducing its carbon footprint, Vale carries out tree planting activities inside and outside the mining concession area.

More than 16 million trees have been planted, including ebony which is endemic to Sulawesi. ***

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