ANALISIS DAMPAK KEBIJAKAN RENEWABLE ENERGY DIRECTIVE (RED) II TERHADAP EKSPOR CRUDE PALM OIL INDONESIA TAHUN 2009-2023

RED II Policy Crude Palm Oil ARIMA Intervention

Authors

5 December 2024
12 December 2024

Crude Palm Oil has become a crucial commodity for Indonesia, contributing significantly to the country's income. The European Union (EU) is one of the main export destinations for Indonesian CPO. However, in the past decade, the volume of Indonesian CPO exports to the EU has been declining due to the policies implemented by the EU Parliament. For instance, Renewable Energy Directive (RED) II, which restricts the entry of CPOs into the EU. This study aims to provide an overview of Indonesian CPO exports to the EU and assess the impact of the RED II policy on the volume of CPO exports from Indonesia. The study uses data from May 2009 to September 2023, covering the volume of Indonesian CPO exports to the EU. The ARIMA Intervention method was used in the research. The study indicates that  RED II policy has a significant impact on Indonesian CPO exports to the EU.