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

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

Authors
Dame Esther Mastina Hutabarat1, 2, *, Fathin Faizah Said1, Zulkefly Abdul Karim1, Wong Wai Yan1
1Universiti Kebangsaan Malaysia, Bangi, Malaysia
2Universitas HKBP Nommensen, Medan, North Sumatera, Indonesia
*Corresponding author. Email: estherhutabarat@uhn.ac.id
Corresponding Author
Dame Esther Mastina Hutabarat
Available Online 21 May 2025.
DOI
10.2991/978-94-6463-722-9_19How to use a DOI?
Keywords
green finance; greenhouse gas; sustainable
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.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 8th International Research Conference on Economic and Business (IRCEB 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
21 May 2025
ISBN
978-94-6463-722-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-722-9_19How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Dame Esther Mastina Hutabarat
AU  - Fathin Faizah Said
AU  - Zulkefly Abdul Karim
AU  - Wong Wai Yan
PY  - 2025
DA  - 2025/05/21
TI  - Greening Indonesia: The Role of Green Finance in Achieving Sustainable Development Goals
BT  - Proceedings of the  8th International Research Conference on Economic and Business (IRCEB 2024)
PB  - Atlantis Press
SP  - 219
EP  - 226
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-722-9_19
DO  - 10.2991/978-94-6463-722-9_19
ID  - Hutabarat2025
ER  -