THE ROLE OF ENERGY EFFICIENCY IN REDUCING THE SOCIO-ECONOMIC IMPACTS OF THE ENERGY CRISIS IN INDONESIA
DOI:
https://doi.org/10.34199/increcs.v6.2024.11Keywords:
Energy efficiency; Global energy crisis; Socio-economic impacts.Abstract
The global energy crisis has amplified socio-economic challenges, particularly in developing nations like Indonesia, where energy poverty is exacerbated by rising energy prices. This study explores the role of energy efficiency (EE) in mitigating the economic and social impacts of the energy crisis on low-income households in Indonesia. Through a qualitative analysis of international case studies and energy efficiency policies, the research highlights the potential of EE initiatives in reducing energy consumption, alleviating energy poverty, and fostering social equity. The findings suggest that integrating EE into Indonesia's national energy policy, alongside public awareness campaigns and financial incentives, can significantly improve the well-being of vulnerable populations. Additionally, the study underscores the importance of government intervention, public-private partnerships, and international cooperation in overcoming infrastructural and financial barriers to EE adoption.