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Indonesia targets CCS technology to meet ESG goals

Carbon capture power plant in the US
Oil and gas companies will be encouraged to invest in CCS/CCUS facilities through the provision of carbon credits. (Photo: Rogelio V SolisAP Photo)

Indonesia’s natural resources and energy ministry has introduced new regulations to assist oil and gas producers with the “economics of the implementation” of carbon capture and storage facilities.

The Indonesia government is betting big on carbon capture and storage technology to meet its long-term climate goals. On March 10, the country’s natural resources and energy ministry introduced new rules to encourage oil and gas producers to invest in CCS, as well as carbon capture, utilisation and storage projects at their development locations.

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