Coal support in Indonesia has shown a significant upward trend from 2013 to 2023. In 2023, coal support stood at 48.86 units. The support grew notably, especially between 2015 and 2020, with remarkable year-on-year increases such as 141.78% in 2015 and 77.67% in 2016. Despite a slight decline of 11.74% in 2021, the general growth trend resumed, with an 8.03% increase in 2023. The Compound Annual Growth Rate (CAGR) over the last five years indicates an average annual increase of 10.45%, highlighting sustained support growth.
Looking ahead, forecasted data from 2024 to 2028 exhibits continued growth, though at a moderate pace, with a projected 4.93% CAGR over the next five years and an overall forecasted increase of 27.21% by 2028. Future trends to watch for include policy shifts toward renewable energy sources, international pressure to reduce carbon emissions, and possible fluctuations in global coal prices, all of which could impact Indonesia's continued support for coal. Emerging technological advancements and economic factors will also play crucial roles in shaping the landscape of coal support in Indonesia.
