Balancing Economic Growth and Environmental Sustainability: An Analysis of the Challenges and Opportunities of Green Financing in Indonesia
Indonesia
Abstract
This article aims to analyze the challenges and opportunities of Green Financing in balancing economic growth and environmental sustainability in Indonesia. Green financing is recognized as a solution to address environmental issues and promote sustainable economic growth. However, Indonesia still faces significant challenges in implementing Green Financing. To support the development of Green Financing, the government plays a crucial role through strengthening regulations, developing green economy markets, and collaborating with financial institutions. This research employs a normative legal research method using a literature review of relevant regulations, such as Law Number 32 of 2009 on Environmental Protection and Management ("UU PPLH") and Financial Services Authority Regulation Number 51/POJK.03/2017 on the Implementation of Sustainable Finance for Financial Services Institutions, Emitters and Public Companies ("POJK on Sustainable Finance").
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