Indonesia, Malaysia push biofuel to offset palm oil price downturn

Boosting Domestic Use of Palm Oil in Indonesia and Malaysia

In an effort to address weak prices for palm oil, a worsening outlook, and concerns over deforestation, Indonesia and Malaysia, the world’s largest producers of palm oil, are focusing on boosting domestic use. This includes developing jet fuels and expanding biodiesel programs.

Sustainable Development Goals (SDGs)

1. Goal 2: Zero Hunger
2. Goal 7: Affordable and Clean Energy
3. Goal 8: Decent Work and Economic Growth
4. Goal 12: Responsible Consumption and Production
5. Goal 13: Climate Action
6. Goal 15: Life on Land

Palm oil is widely used in Indonesia for cooking oil, as well as in applications such as personal care and cleaning products. It is a crucial sector in Southeast Asia’s largest economy, providing employment for millions of workers. In fact, palm oil is Indonesia’s top export commodity after coal. Similarly, palm oil plays a significant role in neighboring Malaysia, the world’s second-largest producer and exporter of the commodity.

SDGs, Targets, and Indicators

1. Which SDGs are addressed or connected to the issues highlighted in the article?

• SDG 7: Affordable and Clean Energy
• SDG 8: Decent Work and Economic Growth
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action
• SDG 15: Life on Land

The issues highlighted in the article, such as the need to boost domestic use of palm oil through developing jet fuels and expanding biodiesel programs, are connected to these SDGs. The article mentions the importance of palm oil as an industry employing millions of workers, its role in economic growth, and concerns over deforestation, which are all relevant to these SDGs.

2. What specific targets under those SDGs can be identified based on the article’s content?

• SDG 7.2: Increase the share of renewable energy in the global energy mix
• SDG 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading, and innovation
• SDG 12.2: Achieve sustainable management and efficient use of natural resources
• SDG 13.1: Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters
• SDG 15.2: Promote the implementation of sustainable management of all types of forests, halt deforestation, restore degraded forests, and substantially increase afforestation and reforestation globally

Based on the article’s content, these targets can be identified as relevant to the issues discussed.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

No specific indicators are mentioned or implied in the article that can be used to measure progress towards the identified targets. The article focuses more on the issues and actions being taken rather than providing specific indicators for measurement.

Overall, the article highlights the importance of addressing sustainable development goals related to renewable energy, economic growth, responsible consumption and production, climate action, and land management. However, it does not provide specific indicators for measuring progress towards these goals.

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: asia.nikkei.com

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