Indonesia Seeks Innovative Financing Through Green Sukuk in Support of its Commitment Towards the Planet 

The Government of Indonesia has committed to sustainable development that addresses burning issues such as climate change, environmental sustainability and disaster mitigation. The President of Indonesia, His Excellency Joko Widodo, has pledged to reduce greenhouse gas (GHG) emissions by 29% by 2030. To fund these planned developments, the Government is looking at Shariah-compliant innovative financing.

Why it Matters?

Several methods, such as the Green Sukuk, the establishment of SDG Indonesia One, and the establishment of the Environmental Fund Management Agency, have been initiated with the aim of leveraging market forces to speed up the transition to a green economy zone through innovative financing.

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