Forecasting Indonesia's Energy Demand: Scenarios for Economic Growth at 5%, 6%, and 7%

This study examines Indonesia's projected energy demand peaks in 2060, considering various economic growth scenarios

ARTIKEL

Vicky Firmansyah

12/28/20241 min baca

Projected Energy Demand in Indonesia Across Different Economic Growth Scenarios

The graph above illustrates Indonesia's projected energy demand from 1960 to 2060 under three different economic growth scenarios: 5%, 6%, and 7%. The y-axis represents energy demand in Million Tonnes of Oil Equivalent (MTOE), while the x-axis shows the timeline in years.

Key observations:

  1. Exponential Growth: Energy demand increases significantly as economic accelerates, especially beyond 2040.

  2. Growth Scenarios:

  • At 5% growth, demand rises steadly, reaching moderate levels by 2060.

  • At 6% growth, the curve steepens, indicating a sharper demand increase.

  • At 7% growth, the energy demand surges dramatically surpassing 2,500 MTOE by 2060.

This projection highlights the direct correlation between economic growth and energy consumption, emphasizing the need for sustainable energy planning in Indonesia.