Dubai (ANTARA) - The Nusantara Capital Authority (OIKN) and Pertamina New & Renewable Energy (Pertamina NRE) signed a joint study agreement to support nature- and ecosystem-based solutions (NEBS) during the 28th Conference of the Parties (COP) on Friday.

The agreement was signed by OIKN's Deputy for Environment and Natural Resources, Myrna Safitri, and CEO of Pertamina NRE, Dannif Danusaputro, on the sidelines of the 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change in Dubai, the United Arab Emirates.

The joint study is intended to support the development of Nusantara as a modern, green, and sustainable city.

"This study is important to provide initial data that can be used, one of which is to make estimates about existing carbon stocks and the (carbon) trading in the future," Safitri informed after the signing of the agreement.

She emphasized that OIKN, as a new entity, requires a lot of comprehensive data, and the joint study will provide accurate data that can serve as a reference in future policymaking, especially to support emission reduction in the forestry and other land use (FOLU) sector.

On the same occasion, Danusaputro emphasized that the joint study implementation aims to ascertain the potential of nature and ecosystem-based solutions (NEBS) to support green ecosystem goals in the new capital.

"Nusantara is not only about moving the capital, but also how to build a green ecosystem and city. One of the ways is to enhance biodiversity and expand tropical forest cover. Here, we see the potential of NEBS," he said.

The partnership between OIKN and Pertamina NRE covers three key aspects, namely climate, community, and biodiversity.

Based on an initial study, the NEBS initiative has the potential to generate carbon credits of around 29 million tons of carbon dioxide equivalent (CO2e) for 30 years from an area of 148,000 hectares.

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Translator: Prisca V, Kenzu
Editor: Anton Santoso
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