Indonesia economy

The economics of cement production, particularly in emerging markets, are closely entwined with both politics and climate policy.

The move is in line with Jakarta's increasingly aggressive use of export bans in pursuit of domestic economic goals.

Indonesia reflects the growing global trend of nations intervening in markets in pursuit of domestic development and strategic goals.

The Just Energy Transition Partnership has laid out a roadmap to net zero, but many details are still only vaguely sketched.

“If we are scared of being sued, and we step back, we will not be a developed country," said Indonesia's President Joko Widodo.

President Joko Widodo has overseen a centralization of research, development, and industrial production.

The country's green energy goals have so far been aspirational, but political will might finally be starting to build.

Protests against the recent reduction in fuel subsidies speak to a deeper discontent with the country's direction under President Joko Widodo.

The firm's share value has defied the broader downward trend in the Indonesian stock market since late 2021.

The move will be unpopular, but could well generate considerable economic benefits over the long run.

The move came after the state budget allocation for fuel subsidies jumped from $10 billion to nearly $34 billion.