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View all search resultsThe idea of centralizing export control for certain natural resources in a single institution is not new, and the failed experiment of such an agency for cloves serves as a case study on why not to pursue that course again, especially for major commodities like coal, CPO and ferroalloys.
The new policy signals a shift toward tighter state control over trade, and experts warn that, if not implemented carefully, it could undermine the goal stated by the government, which is to boost state revenue collection by preventing invoicing fraud.
Speaking before the House of Representatives’ plenary on Wednesday, Prabowo said the policy was aimed at curbing under invoicing and transfer pricing, in which exporters underreport shipment volumes to reduce tax obligations.
Those most exposed to energy market disruption share a set of structural characteristics: heavy reliance on imported fossil fuels, limited fiscal space and constrained energy systems that make it difficult to switch to alternatives quickly.
As geopolitical shocks turn the global energy market into an "everything crisis", the shift from volatile commodities to stable renewable infrastructure is no longer just a climate goal; it is a financial necessity.
The rush toward EV and biofuel adoption risks shifting Indonesia’s ecological burden from coal chimneys to indigenous forests. True energy sovereignty lays not in massive corporate permits but in the resilient, community-led models already thriving in the heart of the archipelago.
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