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Greening Indonesia: The Role of Green Finance in Achieving Sustainable Development Goals

In: Proceedings of the 8th International Research Conference on Economic and Business (IRCEB 2024)

Author

Listed:
  • Dame Esther Mastina Hutabarat

    (Universiti Kebangsaan Malaysia
    Universitas HKBP Nommensen)

  • Fathin Faizah Said

    (Universiti Kebangsaan Malaysia)

  • Zulkefly Abdul Karim

    (Universiti Kebangsaan Malaysia)

  • Wong Wai Yan

    (Universiti Kebangsaan Malaysia)

Abstract

Green finance in Indonesia presents significant opportunities as the country strives towards a sustainable future. Indonesia has committed to ambitious climate objectives, including a reduction of annual greenhouse gas emissions by 31.89% domestically and 43.20% with international assistance by 2030, as well as achieving net zero emissions by 2060 or earlier. This positions Indonesia to effectively utilize various forms of financial support. However, with limited substantive regulatory oversight it is difficult to see tangible sustainable outcomes; Indonesia can improve the efficacy of its green finance roadmap, ensuring that procedural compliance leads to tangible sustainability outcomes and enhanced the incentives for compliance.

Suggested Citation

  • Dame Esther Mastina Hutabarat & Fathin Faizah Said & Zulkefly Abdul Karim & Wong Wai Yan, 2025. "Greening Indonesia: The Role of Green Finance in Achieving Sustainable Development Goals," Advances in Economics, Business and Management Research, in: Dediek Tri Kurniawan & Dede Rusmana (ed.), Proceedings of the 8th International Research Conference on Economic and Business (IRCEB 2024), pages 219-226, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-722-9_19
    DOI: 10.2991/978-94-6463-722-9_19
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