Ecobiz.asia — Pertamina New & Renewable Energy (Pertamina NRE) is accelerating the development of its carbon credit portfolio as a key strategy to support Indonesia’s net-zero ambition while responding to rapidly growing market demand.
Muhammad Taufik, Manager of Strategic Partnership & Marketing at Pertamina NRE, said the company’s carbon credits from geothermal and biogas projects have been fully sold out, even as interest from buyers across aviation, maritime, mining, and financial sectors continues to rise.
“Since 2023, we have sold nearly 900,000 tons of CO₂ credits through the Indonesia Carbon Exchange. But we no longer have enough credits to meet market demand,” Taufik said at the Global Carbon Summit Indonesia 2025 hosted by Ecobiz Asia in Jakarta, on Nov. 26–27, 2025.
Pertamina NRE currently generates credits from its Lahendong geothermal plant in North Sulawesi and its biogas plant in North Sumatra. The company is expanding its pipeline through nature-based projects with Perhutani in Kalimantan and landfill-to-biogas/biomethane developments.
Taufik emphasized that credit quality is crucial, as buyers increasingly require verification compatible with international schemes, including the EU. “We must ensure our credits are high-quality and accepted at the right price,” he noted.
Beyond carbon markets, Pertamina NRE is scaling its low-carbon energy businesses, including bioethanol development to reduce fuel imports and cut transport-sector emissions.
In Pertamina’s long-term decarbonization roadmap, emission reductions are also pursued through energy efficiency, CCS/CCUS in upstream operations, and the replacement of aging engines. “But these efforts alone are not enough. We must continue building new low-carbon businesses,” Taufik said. ***
