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The Green Transformation in Indonesia

In: Financing the Green Transformation

Author

Listed:
  • Ulrich Volz

    (University of London
    German Development Institute)

  • Judith Böhnke

    (KfW Development Bank)

  • Vanessa Eidt

    (KfW Development Bank)

  • Laura Knierim

    (KfW Development Bank)

  • Katharina Richert

    (University of Heidelberg)

  • Greta-Maria Roeber

    (GIZ German Technical Cooperation)

Abstract

The Indonesian economy has recorded solid growth over the last decade, with an average annual growth rate of gross domestic product (GDP) of 5.4% for the period 2000–2013. Yet growth has followed a very carbon-intensive path. This chapter discusses the need for a green transformation of the Indonesian economy to put it on a sustainable pathway and investigates which of the challenges discussed in the previous chapter apply in the Indonesian context. After briefly reviewing why a green transformation is needed, it outlines Indonesia’s environmental policy goals which pave the way towards a green transformation. Finally, it delineates the necessary action to achieve these goals and discusses the relevance of and potential for green finance in Indonesia.

Suggested Citation

  • Ulrich Volz & Judith Böhnke & Vanessa Eidt & Laura Knierim & Katharina Richert & Greta-Maria Roeber, 2015. "The Green Transformation in Indonesia," Palgrave Macmillan Books, in: Financing the Green Transformation, chapter 3, pages 22-55, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-48612-7_3
    DOI: 10.1057/9781137486127_3
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    Citations

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    Cited by:

    1. Volz, Ulrich, 2018. "Fostering Green Finance for Sustainable Development in Asia," ADBI Working Papers 814, Asian Development Bank Institute.
    2. Fatema Khairunnessa & Diego A. Vazquez-Brust & Natalia Yakovleva, 2021. "A Review of the Recent Developments of Green Banking in Bangladesh," Sustainability, MDPI, vol. 13(4), pages 1-21, February.
    3. Dikau, Simon & Volz, Ulrich, 2021. "Central bank mandates, sustainability objectives and the promotion of green finance," Ecological Economics, Elsevier, vol. 184(C).
    4. Pasquale Marcello Falcone & Edgardo Sica, 2019. "Assessing the Opportunities and Challenges of Green Finance in Italy: An Analysis of the Biomass Production Sector," Sustainability, MDPI, vol. 11(2), pages 1-14, January.
    5. Clarence Tolliver & Hidemichi Fujii & Alexander Ryota Keeley & Shunsuke Managi, 2021. "Green Innovation and Finance in Asia," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(1), pages 67-87, January.
    6. Dunz, Nepomuk & Naqvi, Asjad & Monasterolo, Irene, 2019. "Climate Transition Risk, Climate Sentiments, and Financial Stability in a Stock-Flow Consistent approach," Ecological Economic Papers 23, WU Vienna University of Economics and Business.
    7. Falcone, Pasquale Marcello & Morone, Piergiuseppe & Sica, Edgardo, 2018. "Greening of the financial system and fuelling a sustainability transition," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 23-37.
    8. Pasquale Marcello Falcone, 2018. "Green investment strategies and bank-firm relationship: a firm-level analysis," Economics Bulletin, AccessEcon, vol. 38(4), pages 2225-2239.
    9. Chantal P. Naidoo, 2019. "Relating Financial Systems to Sustainability Transitions: Challenges, Demands and Dimensions," SPRU Working Paper Series 2019-18, SPRU - Science Policy Research Unit, University of Sussex Business School.
    10. Dunz, Nepomuk & Naqvi, Asjad & Monasterolo, Irene, 2021. "Climate sentiments, transition risk, and financial stability in a stock-flow consistent model," Journal of Financial Stability, Elsevier, vol. 54(C).

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