Abstract

Climate change has gained prominence following the 2015 Paris Agreement, which aims to limit global temperature rise to below 2 degrees Celsius, with efforts to keep it under 1.5 degrees Celsius. This agreement stresses the importance of collective action to reduce greenhouse gas emissions and build resilience against climate impacts. In June 2023, the global average surface temperature reached a record high, with subsequent months also setting heat records. Mitigating global warming's adverse effects, such as rising temperatures and extreme weather changes, requires significant reductions in greenhouse gas emissions. Efforts in the energy sector have led to a decrease in CO2 emissions from 40.6 million tons in 2018 to 127.67 million tons in 2023. These efforts include enhancing energy efficiency, transitioning to renewable energy, and implementing carbon capture and storage (CCS) technologies In Indonesia, CCS regulations are outlined in Minister of Energy and Mineral Resources Regulation No. 2 of 2023. CCS involves the capture, transport, injection, and permanent storage of carbon emissions. The management of state-owned assets related to CCS falls under the Ministry of Finance Regulation No. 140/PMK.06/2020, which addresses the transfer, utilization, and valuation of upstream oil and gas assets. This paper discusses the role of state asset management in the implementation of CCS in Indonesia, examining current regulations, challenges, and future prospects.

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