In Indonesia, Bloomberg reports that as of September 1, railroads and power plants will have to use 20% biodiesel just like the road transportation sector as the country seeks to shore up its currency and reduce expenditure of US dollars for things like fossil fuel imports. As a result of the mandate’s extension, fossil fuel imports should fall by about $3.5 billion annually. Next year consumption could reach 6.2 billion liters from an estimate 4 billion liters this year.
Category: Policy