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Social implication cautious While Setting Biofuels Target

For immediate release Press release Wednesday, 25th June 2008 Social implication cautious While Setting Biofuels Target In today’s report “Another Inconvenient Truth” launched by international agency Oxfam, it said Biofuels for developing countries may provide genuine development opportunities, but the potential social, economic and environmental costs are severe. “Biofuels may provide opportunity to reduce the amount of fuel subsidy in national budget, provide opportunity of employment, opportunity of increase income and alternative energy self-sufficiency in rural area, however the implication is fatal if not proceed with caution,” said report author, Oxfam’s Biofuels policy adviser Rob Bailey. In attempt to reduce oil consumption, Indonesia targeting 5 percent of Biofuels consumption in the total national energy mix by 2025. The government hope that the effect of reducing oil imports will bring a reduction in oil subsidy as energy diversify through Biofuels development. “Based on...

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