Energy Transition and The Impact of Biodiesel Development Policy on CPO Prices

Gultom, Gusti Artama; Harianto; Suharno

doi:10.15294/jejak.v18i1.16008

Jurnal

Energy Transition and The Impact of Biodiesel Development Policy on CPO Prices

JEJAK · Vol. 18 No. 1 (2025) · hlm. 50–67

DOI: 10.15294/jejak.v18i1.16008
ISSN: 2460-5123, 1979-715X
Terbit: 2025-10-29
Penerbit: Universitas Negeri Semarang
Bahasa: eng

Abstrak

Biodiesel is a renewable fuel with great potential to support energy transition in Indonesia. This research aims to analyze the impact of the policy of developing biodiesel on CPO prices. Time series and secondary data from January 2015 to December 2023 were used in this research with the Autoregressive Distributed Lag (ARDL) method. The dependent variable was the domestic CPO prices and the independent variable were the price of CPO in the international market, biodiesel production volume, exports of CPO and its processed products, price of palm cooking oil, export levies, export duties, CPO production volume, and the Rupiah exchange rate against the United States Dollar. The results in the short run was the domestic CPO prices were influenced positively and significantly by the volume of biodiesel production, the export volume of CPO and its processed products, and the price of palm cooking oil. In the long run, domestic CPO prices were significantly and positively influenced by international CPO prices and palm cooking oil prices. At the same time, export levy, CPO production volume, and the Rupiah exchange rate are significantly and negatively influenced. These results indicate that biodiesel production impacts the prices of biodiesel raw materials and cooking oil in the short run.

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Sumber metadata: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/journals/jejak/oai, pertama di-harvest 6 Nov 2026, terakhir terlihat 8 Nov 2026.

Metadata asli (oai_dc)

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	<dc:title xml:lang="en">Energy Transition and The Impact of Biodiesel Development Policy on CPO Prices</dc:title>
	<dc:creator xml:lang="en">Gultom, Gusti Artama</dc:creator>
	<dc:creator xml:lang="en">Harianto</dc:creator>
	<dc:creator xml:lang="en">Suharno</dc:creator>
	<dc:subject xml:lang="en">biodiesel development </dc:subject>
	<dc:subject xml:lang="en">CPO prices</dc:subject>
	<dc:subject xml:lang="en">energy transition</dc:subject>
	<dc:subject xml:lang="en">mandatory</dc:subject>
	<dc:subject xml:lang="en">policy</dc:subject>
	<dc:description xml:lang="en">Biodiesel is a renewable fuel with great potential to support energy transition in Indonesia. This research aims to analyze the impact of the policy of developing biodiesel on CPO prices. Time series and secondary data from January 2015 to December 2023 were used in this research with the Autoregressive Distributed Lag (ARDL) method. The dependent variable was the domestic CPO prices and the independent variable were the price of CPO in the international market, biodiesel production volume, exports of CPO and its processed products, price of palm cooking oil, export levies, export duties, CPO production volume, and the Rupiah exchange rate against the United States Dollar. The results in the short run was the domestic CPO prices were influenced positively and significantly by the volume of biodiesel production, the export volume of CPO and its processed products, and the price of palm cooking oil. In the long run, domestic CPO prices were significantly and positively influenced by international CPO prices and palm cooking oil prices. At the same time, export levy, CPO production volume, and the Rupiah exchange rate are significantly and negatively influenced. These results indicate that biodiesel production impacts the prices of biodiesel raw materials and cooking oil in the short run. </dc:description>
	<dc:publisher xml:lang="en">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2025-10-29</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/journals/jejak/article/view/16008</dc:identifier>
	<dc:identifier>10.15294/jejak.v18i1.16008</dc:identifier>
	<dc:source xml:lang="en">JEJAK; Vol. 18 No. 1 (2025): March 2025; 50-67</dc:source>
	<dc:source>2460-5123</dc:source>
	<dc:source>1979-715X</dc:source>
	<dc:source>10.15294/jejak.v18i1</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/journals/jejak/article/view/16008/6533</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2025 JEJAK</dc:rights>
</oai_dc:dc>