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View all search resultsIndonesia’s economic recovery in 2021 may not be at “full power”, with the COVID-19 pandemic expected to continue to dampen domestic consumption and investment, Finance Minister Sri Mulyani Indrawati has said.
The government’s “green fuel” program is expected to help boost the share of renewable energy in the country’s energy mix to 23 percent by 2024 from 8.55 percent in 2018 and lower fossil fuel use and crude oil imports. Domestic biofuel consumption is also expected to rise to 17.4 million kiloliters by 2024 from 6.9 million kiloliters in 2020.
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