Riau is being urged to capitalize on green economy opportunities to maintain economic stability amid global uncertainties. According to Dahlan Tampubolon, an economist from the University of Riau (UNRI), the province's abundant natural resources, such as its vast palm oil plantations, present a significant opportunity for developing sustainable sectors like biogas production from palm waste and the growth of digital-based small and medium enterprises (SMEs). He believes that focusing on green economic initiatives can help diversify Riau's economy, making it more resilient in the face of global economic slowdowns and climate change. With oil palm plantations in Riau projected to cover 3.38 million hectares by 2024, this resource base can be harnessed to support a green transformation.

Dahlan also highlights the importance of collaboration between the government, businesses, and society in driving inclusive economic growth. While national economic growth is forecasted to reach 5.3-5.5% in 2025, Riau's growth is projected at a more modest 4.3%. He warns that the province must be cautious of external challenges such as China’s economic slowdown, the impact of climate change on agriculture, and the potential effects of new taxes like VAT on public purchasing power. He stresses that innovation in resource management and technology is crucial for ensuring Riau's competitiveness and long-term economic resilience, urging the province to diversify beyond palm oil by investing in sectors like tourism, services, and creative industries.

Source:
https://mediacenter.riau.go.id/read/89344/riau-didorong-memaksimalkan-peluang-ekonomi-h.html