PT Vale Indonesia Tbk (PTVI) revealed its contribution to handling climate change. President Director of PTVI, Febriany Eddy, revealed that PTVI's biggest challenge is protecting Lake Matano and the biodiversity in the Wallacea region.

Furthermore, Febri also shared information regarding PTVI's significant investment in New Renewable Energy (EBT), namely by building the first Hydroelectric Power Plant (PLTA) in 1978, which was followed by the construction of the second and third hydroelectric power plants in 1999 and 2011.

"The three hydroelectric power plants produce 365 megawatts of electricity which is 100 percent of the energy source for smelting activities or nickel smelting at the factory," explained Febri.

According to Febri, there are three future PTVI projects in Central Sulawesi, Southeast Sulawesi and South Sulawesi. PTVI has invested 8.6 billion US dollars in these three projects and PTVI will use EBT-based energy sources, including optimizing natural gas. Febri emphasized that through this initiative, PTVI must become a low-carbon company in the world.

"Although the use of natural gas requires higher costs, adding up to USD 300 million to the capex, PTVI still chooses to use this option to reduce emissions," said Febri.

PTVI has two major initiatives that will contribute to reducing 700 thousand tons of CO2, namely the use of biomass and the conversion of fuel to natural gas. "We have a clear road map and very detailed project planning. So, what we promise, that is what we will carry out," she said.

Meanwhile, the Minister of Environment and Forestry (Minister of LHK), Siti Nurbaya, said that the Indonesian Government was highlighting the results of various practical climate actions carried out in ensuring the achievement of the neutral emission reduction target by 2030 in the forestry and land sector or Forest and Other Land Uses (FOLU). Net Sink 2030 at the 28th UNFCCC Conference of the Parties (COP) in Dubai, United Arab Emirates (UAE).

"At COP28, our priority is to highlight the main results of the climate actions we take, especially in ensuring that Indonesia's FOLU Net Sink 2030 climate targets continue to go according to plan," he said.

Minister Siti hopes that the results of various climate actions can enable Indonesia to maintain control and play a decisive role in achieving the goal of increasing Net Zero Emissions by 2060 or sooner.

Moreover, Indonesia has created a number of monumental steps and policies such as the Forest and Other Land Uses (FOLU) Net Sink 2030 Operational Plan, which was the result of discussions at COP26 in Glasgow two years ago.

Image source: CNBC Indonesia/Lucky Leonard Leatemia

Source: www.cnbcindonesia.com/Vale Bocorkan 3 Proyek Terbesar Mereka di Masa Depan