Pertamina Achieves Significant Carbon Credit Sales at COP Brasil

Record Carbon Trading Revenue

Pertamina, Indonesia's state-owned energy company, has made significant progress in carbon trading at COP Brasil. The company successfully sold 37,000 tons of carbon credits, generating approximately Rp 2.5 billion (approximately USD 160,000) in revenue. This transaction was facilitated through the Seller Meet Buyer initiative, where Pertamina acted as Indonesia's negotiator.

Strategic Partnerships in Carbon Trading

The carbon credit transactions involved major Indonesian banks, including Bank Mandiri and Bank CIMB Niaga. Additionally, Pertamina is in discussions with Japanese banks for future transactions, indicating growing international interest in Indonesia's carbon market.

Cumulative Carbon Trading Performance

This recent sale brings Pertamina's total carbon credit sales since 2023 to approximately Rp 50 billion. The company's active participation in carbon trading demonstrates Indonesia's commitment to reducing emissions through market-based mechanisms. As Director Agung Wicaksono stated, these transactions highlight Indonesia's proactive approach to carbon trading on the global stage.

Market Implications

The success of these transactions suggests growing demand for carbon credits from Indonesian companies. It also positions Indonesia as a significant player in the global carbon market, particularly within the Southeast Asian region. The involvement of major financial institutions like Mandiri and CIMB Niaga adds credibility to Indonesia's carbon trading ecosystem.