The objective of the GoI to regulate an affordable natural gas price through MEMR Regulation No. 8/2020 undoubtedly benefit the industrial sector. However, the regulation should be carefully implemented and monitored to prevent revenue loss in the natural gas business entities and avoid underperforming gas users/industries. The study finds three main issues in implementing the new regulated natural gas price....
Highlights: Energy transition in the transportation sector is indicated by the gradual shifting from the use of internal combustion engine (ICE) vehicles to electric vehicles (EVs) globally. The transportation sector consumed 43% of total global energy and emitted 16.2% of total global emissions in 2020. Similarly, the transportation sector in Indonesie consumed 45% of the total energy and contributed...
Highlights: Individual investors prefer to have an investment with high ROI rather than a low-profit investment with environmental and social benefits. Males invest and donate more money than females in terms of quantity and frequency. People with a level of education above an associate degree (D3) have a significantly higher level of willingness to invest and donate to green...
Highlights: This report shows that six G20 countries (Japan, South Africa, Argentina, France, Ireland, and Mexico) and one ASEAN Member States (Singapore) have implemented a carbon tax. The energy sector is the primary GHG emissions contributor in most member states, except Indonesia. However, the energy sector in Indonesia will highly contribute to the national GHG emissions considering the rise...
Highlights: Renewable energy (RE) projects in Indonesia usually have IRR between 10% and 15% and PP around 6 to 30 years. Attractive return usually could be found in large scale RE projects, although there are numerous other factors involved including technology developments, capacity scale, power purchasing price agreements, project locations, as well as interest rates and applied incentives. Crowdfunding...
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Prof. Ir. Purnomo Yusgiantoro, MSc, MA, PhD, IPU

Founder of Purnomo Yusgiantoro Center (PYC)

Purnomo Yusgiantoro is the Founder of Purnomo Yusgiantoro Center (PYC). He received his bachelor degree (Ir.) in Petroleum Engineering from Institut Teknologi Bandung, Indonesia; MSc in Engineering from Colorado School of Mines, USA; MA in Economics from University of Colorado, USA; and PhD in Mineral Economics from Colorado School of Mines, USA. Since 2014, Purnomo dedicates much of his time, knowledge, and skills to teaching the subject of energy economics at Institut Teknologi Bandung (ITB). In addition, Purnomo is the Co-founder of Universitas Pertahanan (Unhan), Indonesia, where he teaches the subject of energy security until now. He is now a senior advisor for the Executive Office of the President Republic of Indonesia.

Purnomo has vast experiences working and contributing in the energy and defence sector of Indonesia. He worked as a consultant for the World Bank and Asian Development Bank (ADB) in the field of energy economics and sustainable development. He also acted as the Chairman of Board of Commissioners for Pertamina. Purnomo has held a position as Vice Governor of National Defense Agencies (Lemhannas). Purnomo was the Minister of Energy and Mineral Resources of the Republic of Indonesia for three consecutive terms, from 2000 until 2009. After that, he held the position of Minister of Defense of the Republic of Indonesia between 2009 and 2014. In the global sphere, Purnomo served as the Governor of Organization of Petroleum Exporting Countries (OPEC) and its Secretary General as well as President, based in Vienna, Austria. He also carried the responsibility as the Chairman of the ASEAN Ministers of Energy Meeting (AMEM). He continues his devotion to the energy sector development by establishing PYC in 2016.