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Green finance and sustainability development goals in Indonesian Fund Village

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  • Ronaldo, Reza
  • Suryanto, Tulus

Abstract

Sustainable development goals (SDG) achievement is a major challenge for the nations. Particularly, SDGs related to environmental sustainability and economic sustainability are most challenging due to high pollution. Thus, the study's aim is to examine the role of green finance in SDGs through Village Funds in Indonesia. A survey questionnaire is designed for this purpose to examine the effect of green finance on environmental sustainability and economic sustainability. Data is collected from the Indonesian government officials working on Fund Village and officers involved in the distribution of Fund Village, and 220 valid responses were used in this study for data analysis. The smart-PLS has been used in the study to check the association and test the hypotheses. The results indicated that green finance has vital importance in achieving SDGs in terms of environmental sustainability and economic sustainability. It is found that; green finance can promote green technology innovation and green micro-enterprise, which further lead to achieve SDGs through environmental sustainability and economic sustainability.

Suggested Citation

  • Ronaldo, Reza & Suryanto, Tulus, 2022. "Green finance and sustainability development goals in Indonesian Fund Village," Resources Policy, Elsevier, vol. 78(C).
    • Handle: RePEc:eee:jrpoli:v:78:y:2022:i:c:s0301420722002872
    DOI: 10.1016/j.resourpol.2022.102839
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    5. Weicheng Xu & Xiaoyi Feng & Yiying Zhu, 2023. "The Impact of Green Finance on Carbon Emissions in China: An Energy Consumption Optimization Perspective," Sustainability, MDPI, vol. 15(13), pages 1-23, July.
    6. Ke Xu & Peiya Zhao, 2023. "Does Green Finance Promote Green Total Factor Productivity? Empirical Evidence from China," Sustainability, MDPI, vol. 15(14), pages 1-26, July.
    7. Iulia Caprian & Birca Iulita & Nataliia Trushkina, 2023. "Eco-Efficiency As A Philosophy Of Modern Business In The Conditions Of Global Transformations," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(1).
    8. Pei Xu & Penghao Ye & Atif Jahanger & Siwei Huang & Fan Zhao, 2023. "Can green credit policy reduce corporate carbon emission intensity: Evidence from China's listed firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2623-2638, September.

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