Client Alert: New Regulation In Progress To Address The Technical and Administrative Details For Carbon Capture and Storage Projects

Monday, 03-06-2024

OVERVIEW

In order to meet the target of reducing carbon emissions to domestic net-zero by 2060, the Government of Indonesia is continuing their efforts to put into effect their comprehensive strategy. 

The Minister of Energy and Mineral Resources (‘MoEMR’) is currently aiming to issue the ‘MoEMR CCS Regulation Draft’, a regulation to govern the preparation, stipulation, and offer of Carbon Storage Permit Area(s) (“CSPA”) and the granting and supervision of Exploration Permit (“EP”) and Carbon Storage Operations Permit (“CSOP”). 

There are several key provisions to be expected from the MoEMR CCS Regulation Draft, such as the preparation and stipulation of CSPA, granting of EP and CSOP, and the relevant legal-administrative matters.

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