C13 - Scaling up Carbon Neutral to Carbon Negative : Bio-Energy Carbon Capture Storage (BECCS)

C13 - Scaling up Carbon Neutral to Carbon Negative : Bio-Energy Carbon Capture Storage (BECCS)
- Indonesia Pavilion COP 28 - Monday, 4 December 2023 - 19.00-20.20 (Dubai Time)

for more information, visit : https://indonesiaunfccc.com/c13/

About
Since signing the Paris Agreement in 2015 (COP21), Indonesia has begun to prepare a Nationally Determined Contribution (NDC) document as an official statement for its emission reduction commitments. Indonesia’s first NDC was submitted to the UNFCCC in 2016. In COP26 in Glasgow in 2021, Indonesia strengthened its commitment to reduce its greenhouse gas (GHG) emissions by updating its NDC pledge to reduce GHG emission by 29 percent (unconditional) and by 41 percent (conditional on international support) by 2030. In the updated NDC, Indonesia is targeting to reach a net carbon sink in the forestry and land use (FOLU) sector by 2030.

Furthermore, Indonesia has determined that the FOLU sector can significantly contribute to the 41 percent of carbon emission reduction target, with international support (Source: Updated Indonesian NDC, corrected version 2021).

The Indonesian President is one of signatories of the Glasgow’s Leaders’ Declaration on Forests and Land Use. One of the commitments is to strengthen shared efforts to reduce vulnerability, build resilience and enhance rural livelihoods, including through empowering communities, the developing of profitable, sustainable agriculture, and recognition of the multiple values of forests, while recognizing the rights of Indigenous Peoples, as well as local communities, by relevant national legislation and international instruments, as appropriate.

The question at COP 28 is, how can the private sector contribute to help Indonesia achieve its target of FOLU becoming a net carbon sink by 2030?

What kind of partnerships and collaborations in Indonesia are needed to maximize business opportunities and protect forests?

Purpose, Topic:
Importance of Sustainable Forest Management to achieve the Net Zero Emission target in 2060.

Introduction of PT. MHP’s contribution and further innovative effort for Sustainable Forest Management, as well as a project of emerging green technology: Bio Energy Carbon Capture and Storage (BECCS) towards the achievement of Carbon Negative.

Audience:
Indonesian delegation members
Donor countries/ Government officials of destination markets
Buyers (B2B consumers)
Financial sector

Output:
1. To identify specific opportunities for actors in forestry sector to be immediately implemented.
2. To identify specific initiatives whether public or private, in which the international and national actors can participate, contribute and help to scale.

Speakers :
1. Eko Bhakti Hardiyanto - Professor of Forestry, Gadjah Mada University
2. Oki Muraza - Senior Vice President Research & Technology Innovation, PT. Pertamina (Persero)
3. Hiroyuki Moriyasu - General Manager, Pulp Department – Forest Products Division, Marubeni Corporation
4. Mahadevan Ramachandran - Co-Founder, Futures Inc.

Moderator :
Kei Watanabe - Business Planning & Incubation, Pulp Department, Marubeni Corporation