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Economics/Finances Energy Policy Review of Indonesia (International Energy Agency)

Posted on 2010-03-16




Name:Economics/Finances Energy Policy Review of Indonesia (International Energy Agency)
ASIN/ISBN:9264048286
Language:English
File size:2.94 Mb
Publisher: Organization for Economic Cooperation & Devel
ISBN: 9264048286
Publish Date: edition November 30, 2008
File Type: PDF
Pages: 300 pages
File Size: 2.94 mb
   Economics/Finances Energy Policy Review of Indonesia (International Energy Agency)

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The Republic of Indonesia is the world’s fourth most populous nation and a developing economy in transition. It is now consolidating its democratic government and implementing governance and financial reforms. After the

Asian financial crisis of 1997-99, Indonesia’s economy has returned to a strong and stable 5‑6% annual growth.

Over recent decades, its resource wealth, openness to trade and investment, and a strategically favourable location in East Asia have made Indonesia a key global exporter of oil, gas, and coal. However, Indonesia now faces the serious challenge of fast-rising domestic energy demand with declining oil and gas

production. The country’s energy policy makers are looking closely at domestic energy requirements and best policies to meet these needs. This includes moving prices towards international parity, improving the energy sector investment climate, and developing electricity generation capacity. While some very difficult

decisions have been made over recent years, many challenges remain. Energy Policy Review of Indonesia assesses the country’s major energy issues. The study was conducted by a team of IEA member country specialists – an approach which has also been used for national and sectoral reviews of other

non-IEA countries, including Angola, China, India, Russia, and Ukraine, as well as the Western Balkan region. The Review offers an analysis of Indonesia’s energy sector, with findings and recommendations that draw on experience in IEA member countries. Six areas are suggested for priority attention, including progressive reduction in fuel and electricity subsidies, better implementation of policy, improving clarity of the investment framework, helping the energy regulators do their job more effectively, and harnessing a sustainable development agenda particularly renewable energy and energy efficiency.

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