The Sustainability of Fossil Energy Development in Indonesia: Heading to Awry and Backfires Policy?

DOI

10.2991/aebmr.k.200321.018How to use a DOI?

Keywords

oil and gas development, share resources, direct investment, disharmony of law and high-cost economics, transdisciplinary research

Abstract

Geopolitical risks have threatened oil and gas development in Indonesia since the 1970s when global commitment to the environment was increased. Stakeholders made various efforts to match the SDGs as global community goals with the development of energy security in developing countries that depend on oil and gas. Implicitly, the global community wants all countries to share resources. Developed countries contribute their human resources and capital; while developing countries provide the natural resources and energy they have. In the last two decades after the 1998 Reformation, Indonesia is still struggling with unstable economic growth and its dependence on imported fossil products. This study was conducted through qualitative research by examining various theories and concepts, as well as relevant laws and regulations in Indonesia. In conclusion: the development of energy security in Indonesia faces a delay in its legal system from global change; het recht hink achter de feiten aan. However, it creates not only global investment challenges on the one side, but also opportunities to bargain for positions on the other side. A fair legal framework expects a balance of benefits and risks of developing fossil energy so that legal disharmony and high cost economics are eliminated. This conclusion requires a variety of transdisciplinary research to identify legal instruments or structures that embody an ecosystem approach.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Andreas Tedy Mulyono
PY  - 2020
DA  - 2020/03/27
TI  - The Sustainability of Fossil Energy Development in Indonesia: Heading to Awry and Backfires Policy?
BT  - Proceedings of the 3rd International Conference on Law and Governance (ICLAVE 2019)
PB  - Atlantis Press
SP  - 138
EP  - 144
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200321.018
DO  - 10.2991/aebmr.k.200321.018
ID  - Mulyono2020
ER  -