Indonesia’s Pertamina Geothermal Energy (PGE) plans to expand its installed capacity from geothermal power plants in order to make a higher contribution to the reduction of greenhouse gas emissions, state news agency Antara reported.
“Our expansive plan will help Indonesia to achieve [its] net zero emission target by 2060,” chief financial officer Nelwin Aldriansyah said during a discussion at the UN Global Compact on business initiatives for climate-change action.
PGE is planning to issue its own green bonds in the first half of next year. Its holding company Pertamina also plans to issue green bonds in 2022.
Read the full report: Antara