Jurnal Inovasi Ekonomi
Vol. 10 No. 01 (2025): April

Green Economy: Opportunities and Challenges for the Renewable Energy Sector in Indonesia

Dakhi, Hermanfland (Unknown)
Hukom, Alexandra (Unknown)
Perwira Ompusunggu, Dicky (Unknown)



Article Info

Publish Date
28 Mar 2025

Abstract

This research explores the opportunities and challenges of the renewable energy sector—specifically geothermal, wind, bioenergy, and solar—in supporting the green economy in Indonesia. The study examines Indonesia’s commitment to the Enhanced Nationally Determined Contributions (ENDC) to reduce greenhouse gas emissions by 31.89% through domestic efforts and 43.2% with international assistance by 2030. A normative economic research approach, based on secondary data analysis, is used to evaluate existing energy policies, such as the Domestic Market Obligation (DMO), and their impact on economic growth and the environment. Findings indicate that innovation in the renewable energy sector not only enhances efficiency and productivity but also mitigates environmental harm. However, significant barriers to implementation remain. As domestic energy demand continues to rise due to economic and population growth, sustainable and innovative solutions are essential to ensuring inclusive and environmentally friendly economic development.

Copyrights © 2025






Journal Info

Abbrev

JIKO

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal Inovasi Ekonomi (JIKO) has been accredited by the National Journal Accreditation (ARJUNA) Managed by the Ministry of Research, Technology, and Higher Education, Republic of Indonesia, and is currently ranked 4th (Sinta 4). Indexed at Google Scholar and Dimensions. JIKO is an open-access ...