Jakarta, 30/4/2021 (ANTARA) - Having the world's largest Muslim population,
it's very natural for Indonesia to start looking at Islamic or sharia
economic principles to strengthen its economic resilience and untap
potential of the sharia economy.
The sharia economy is
believed to enable the nation implement the recovery of its economy
battered by the COVID-pademic, toward a just, sustainable, and green
economy.
To develop the sharia economy at its full potential,
the government in 2020, issued a presidential decree on the National
Committee for Sharia Economy and Finance (KNEKS).
The
Indonesian government, in fact, has mobilized innovative financing
instruments, such as the issuance of Green Sukuk since 2018 to fund
climate change action and support targets of the Sustainable Development
Goals (SDGs).
The government has also set up the
Environmental Fund Public Service Agency (BPDLH) to manage environmental
financial resources and facilitate the development of trade and carbon
pricing, according to Finance Minister Sri Mulyani Indrawati.
Indonesia is currently preparing a regulation on carbon pricing to
serve as a guideline in formulating domestic policies and an
institutional framework for setting carbon prices.
The
minister remarked that transitioning to the green economy will have
implications for financial stability and inclusion, so it is necessary
to prioritize green financing instruments in the financial system.
Moreover, financial institutions should implement strong risk
management supported by comprehensive information to assess
climate-related risks.
Showing posts with label green economics. Show all posts
Showing posts with label green economics. Show all posts
Thursday, April 29, 2021
INDONESIA INCORPORATES ISLAMIC VALUES IN ECONOMIC RECOVERY POLICIES by Fardah
Wednesday, December 2, 2020
GREEN ECONOMY TAKES PRECEDENCE IN PUSH FOR RECOVERY by Fardah
Jakarta, 3/12/2020 (ANTARA) - With people forced to lock themselves at home to break the chain of COVID-19 spread, pollution has reduced significantly, allowing people in big cities particularly to enjoy fresh air.
The healing seen in nature, however, will be temporary if people do not change the way they conduct businesses once the coronavirus pandemic ends, observers said.
Hence, economic recovery efforts must be used to build momentum to do better in implementing sustainable development and green economy goals, which would entail long-term benefits for a country such as Indonesia.
A new study by the World Economic Forum has found that nature-positive solutions can create 395 million jobs by 2030.
In a press release issued last July, the forum stated that putting nature first is good for business and economic resilience. Nature-positive solutions will create US$10.1 trillion in business opportunities, it informed.
Speaking at the G20 Leaders' Summit, held virtually in November, President Joko Widodo had reiterated Indonesia's commitment to a more sustainable and greener economy.
The government is set to transform the country's economy to offer greater environmental protection, he said.
"Economic recovery following the COVID-19 pandemic will no longer overlook our responsibility to protect nature," Indonesian Foreign Affairs Minister Retno Marsudi said quoting the President, following the G20 Summit.
Indonesia has made some breakthroughs, including implementing the mandatory B30 biodiesel policy and conducting a trial for pure palm oil-based diesel (D100), in a bid to make its economy more environmentally safe. B30 refers to a fuel blend containing 30 percent biodiesel produced from palm oil.
Furthermore, the President has also ensured that the Law on Job Creation brings certainty in the legal aspect of environmental permits, including the environmental impact analysis document (AMDAL) for any infrastructure projects in Indonesia.
Wednesday, April 11, 2012
WORLD ENVIRONMENT DAY TO FOCUS ON GREEN ECONOMY by Fardah
Jakarta, April 11, 2012 (ANTARA) - Indonesia, along with the entire world,
will observe World Environment Day (WED), which has been commemorated
every June 5 since 1972.
Initiated by the United Nations Environment Program (UNEP), World Environment Day is aimed at personalizing environmental issues and enabling all people to realize their responsibilities and their power to become agents for change in support of sustainable and equitable development.
For WED 2012, the Indonesian government has coined a national theme: "Green Economy: Change the Habits, Improve the Environment`s Quality".
"UNEP has designated `Green Economy: Does It Include You?` as the 2012 theme for World Environment Day, while nationally we will focus on changing habits," Indonesia`s Environmental Affairs Minister Balthasar Kambuaya said in Jakarta, recently.
Balthasar urged Indonesians to use the momentum of World Environment Day to change their habits and encourage others to do the same.
The commemoration of World Environment Day will begin at Merdeka Palace on June 5, and will be marked by the presentation of the Adipura, Adiwiyata and Kalpataru awards by President Susilo Bambang Yudhoyono.
World Environment Day will also be highlighted with an Environment Week exhibition held at the Jakarta Convention Center from June 7 to 14, 2012.
The minister said there are several definitions of what a green economy is, and in Indonesia it concerns a change of habits, because environmental problems are closely related to the public`s behavior.
"We also define a green economy as a way of improving the welfare of the people while, at the same time, preserving the environment," the minister noted.
UNEP describes a green economy as one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities. In its simplest expression, a green economy can be thought of as one that is low carbon, resource efficient and socially inclusive.
President Susilo Bambang Yudhoyono, when addressing the Global Ministerial Environment Forum in Bali in February 2010, called for the adoption of a green economy development strategy which is pro-growth, pro-jobs and pro-poor.
The Second United Indonesia Cabinet later launched a green economics program as part of its sustainable development plan.
To support the implementation of green economics, the cabinet has drawn up programs on food resilience by implementing sustainable agriculture, sustainable forestry management, efficient and renewable energy usage, clean technology support, waste management, efficient and low carbon transportation management, and green infrastructure development.
In the industrial sector, for instance, the Industry Ministry is considering granting incentives to various industries receiving green industry awards in 2012 as part of its efforts to encourage businesses to use natural resources in a sustainable way.
The incentives may come in the form of a discount for industries
intending to convert their equipment and machines to produce green
products, Arryanto Sagala, the head of the ministry`s board for industrial climate and quality policy studies, said last March 2012.
"The incentives are in the form of a 10 percent discount to be made available to textile, footwear and sugar industries. The program will reduce the use of energy by up to 25 percent," Sagala noted.
At the grass root level, the Indonesian Environmental Forum (Walhi) launched a two-day Green Saturday market for organic foods on March 23, 2012 as part of its efforts to realize local food sovereignty in the country.
Upi Gufiroh, Walhi`s coordinator for the Green Saturday organic
market, explained at the launch that the aim of the project was to increase the public`s appreciation of local foods so that the local food industry in Indonesia would not be suppressed by the materialism and consumerism that has penetrated the country`s villages.
Besides presenting organic foods, the opening of the market was
also marked by demonstrations of food processing, discussions, a
poster exhibition and a film on the environment.
Last year, around 1,200 young people from over 100 countries participating in the UNEP Tunza International Children and Youth Conference in Bandung, West Java, referred to the green economy as "the only integrated framework that is truly sustainable - placing human well-being, social equity and environmental protection on an equal footing."
"The trend and science tell us that we cannot wait another generation (until a Rio+40) before acting - the green economy is our only future," the young people stated in a Bandung Declaration issued on the final day of the conference, which was organized from September 27 to October 1, 2011.
The Bandung Declaration also identifies access to green jobs as critical for achieving a sustainable transition to a green economy.
"In the next ten years, as the world`s population passes 7 billion, we need to provide jobs for more than 1 billion young people - employment that will both enable them to live productive and worthwhile lives and to contribute to the transition to a just green economy," the Declaration states.
It is estimated that nearly 40 per cent of the world`s unemployed, over 80 million people, are between the ages of 15 and 24.
President Yudhoyono, when addressing the 100th session of the International Labour Conference in Geneva in June 2011, expressed his support of promoting green economics.
"In Indonesia, we intend to advance a national green skills development strategy. We plan to pursue a decentralized youth apprenticeship programme for green jobs and take measures to foster entrepreneurship and self employment in the green sector," he said.
According to UNEP, investment in a Green Economy could create millions of new jobs. One of the main engines for economic growth is a higher rate of employment, which both reduces a burden on the economy and gives consumers the purchasing power to sustain lives through supporting industries.
Over 2.3 million people working in green jobs in just six leading countries (China, Denmark, Germany, India Spain, and the United States) were estimated to be employed in the low-carbon sector in 2008.
The Green Economy is, therefore, not just a passing environmental fad, but is one of the best solutions available for sustainable economic growth that recognizes the social component, UNEP said. ***3***
(f001/ INE )
(T.F001/A/KR-BSR/F001) 11-04-2012 14:23:16
Initiated by the United Nations Environment Program (UNEP), World Environment Day is aimed at personalizing environmental issues and enabling all people to realize their responsibilities and their power to become agents for change in support of sustainable and equitable development.
For WED 2012, the Indonesian government has coined a national theme: "Green Economy: Change the Habits, Improve the Environment`s Quality".
"UNEP has designated `Green Economy: Does It Include You?` as the 2012 theme for World Environment Day, while nationally we will focus on changing habits," Indonesia`s Environmental Affairs Minister Balthasar Kambuaya said in Jakarta, recently.
Balthasar urged Indonesians to use the momentum of World Environment Day to change their habits and encourage others to do the same.
The commemoration of World Environment Day will begin at Merdeka Palace on June 5, and will be marked by the presentation of the Adipura, Adiwiyata and Kalpataru awards by President Susilo Bambang Yudhoyono.
World Environment Day will also be highlighted with an Environment Week exhibition held at the Jakarta Convention Center from June 7 to 14, 2012.
The minister said there are several definitions of what a green economy is, and in Indonesia it concerns a change of habits, because environmental problems are closely related to the public`s behavior.
"We also define a green economy as a way of improving the welfare of the people while, at the same time, preserving the environment," the minister noted.
UNEP describes a green economy as one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities. In its simplest expression, a green economy can be thought of as one that is low carbon, resource efficient and socially inclusive.
President Susilo Bambang Yudhoyono, when addressing the Global Ministerial Environment Forum in Bali in February 2010, called for the adoption of a green economy development strategy which is pro-growth, pro-jobs and pro-poor.
The Second United Indonesia Cabinet later launched a green economics program as part of its sustainable development plan.
To support the implementation of green economics, the cabinet has drawn up programs on food resilience by implementing sustainable agriculture, sustainable forestry management, efficient and renewable energy usage, clean technology support, waste management, efficient and low carbon transportation management, and green infrastructure development.
In the industrial sector, for instance, the Industry Ministry is considering granting incentives to various industries receiving green industry awards in 2012 as part of its efforts to encourage businesses to use natural resources in a sustainable way.
The incentives may come in the form of a discount for industries
intending to convert their equipment and machines to produce green
products, Arryanto Sagala, the head of the ministry`s board for industrial climate and quality policy studies, said last March 2012.
"The incentives are in the form of a 10 percent discount to be made available to textile, footwear and sugar industries. The program will reduce the use of energy by up to 25 percent," Sagala noted.
At the grass root level, the Indonesian Environmental Forum (Walhi) launched a two-day Green Saturday market for organic foods on March 23, 2012 as part of its efforts to realize local food sovereignty in the country.
Upi Gufiroh, Walhi`s coordinator for the Green Saturday organic
market, explained at the launch that the aim of the project was to increase the public`s appreciation of local foods so that the local food industry in Indonesia would not be suppressed by the materialism and consumerism that has penetrated the country`s villages.
Besides presenting organic foods, the opening of the market was
also marked by demonstrations of food processing, discussions, a
poster exhibition and a film on the environment.
Last year, around 1,200 young people from over 100 countries participating in the UNEP Tunza International Children and Youth Conference in Bandung, West Java, referred to the green economy as "the only integrated framework that is truly sustainable - placing human well-being, social equity and environmental protection on an equal footing."
"The trend and science tell us that we cannot wait another generation (until a Rio+40) before acting - the green economy is our only future," the young people stated in a Bandung Declaration issued on the final day of the conference, which was organized from September 27 to October 1, 2011.
The Bandung Declaration also identifies access to green jobs as critical for achieving a sustainable transition to a green economy.
"In the next ten years, as the world`s population passes 7 billion, we need to provide jobs for more than 1 billion young people - employment that will both enable them to live productive and worthwhile lives and to contribute to the transition to a just green economy," the Declaration states.
It is estimated that nearly 40 per cent of the world`s unemployed, over 80 million people, are between the ages of 15 and 24.
President Yudhoyono, when addressing the 100th session of the International Labour Conference in Geneva in June 2011, expressed his support of promoting green economics.
"In Indonesia, we intend to advance a national green skills development strategy. We plan to pursue a decentralized youth apprenticeship programme for green jobs and take measures to foster entrepreneurship and self employment in the green sector," he said.
According to UNEP, investment in a Green Economy could create millions of new jobs. One of the main engines for economic growth is a higher rate of employment, which both reduces a burden on the economy and gives consumers the purchasing power to sustain lives through supporting industries.
Over 2.3 million people working in green jobs in just six leading countries (China, Denmark, Germany, India Spain, and the United States) were estimated to be employed in the low-carbon sector in 2008.
The Green Economy is, therefore, not just a passing environmental fad, but is one of the best solutions available for sustainable economic growth that recognizes the social component, UNEP said. ***3***
(f001/ INE )
(T.F001/A/KR-BSR/F001) 11-04-2012 14:23:16
Monday, October 3, 2011
YOUNGER GENERATION PLAYS IMPORTANT ROLE IN GREEN ECONOMICS PROGRAMS by Fardah
Jakarta, Oct 3, 2011 (ANTARA) - Around 1,200 young people from over 100
countries participating in the UNEP Tunza International Children and
Youth Conference in Bandung, West Java, September 27-October 1, 2011,
voiced their concern about planet Earth`s future.
"The trend and science tell us that we cannot wait another generation (until a Rio+40) before acting - the green economy is our only future," the young people stated in a Bandung Declaration issued on the final day of the conference.
"The trend and science tell us that we cannot wait another generation (until a Rio+40) before acting - the green economy is our only future," the young people stated in a Bandung Declaration issued on the final day of the conference.
Wednesday, September 28, 2011
GREEN ECONOMICS BENEFICIAL TO INDONESIA by Fardah
Jakarta, Sept 28, 2011 (ANTARA) - The application of green economics
principles in Indonesia is relatively new, but the nation as well as
international experts have seen significant benefits of the policy.
The United Nations Environment Program (UNEP) in its new report entitled "The Orangutan and the Economics of Forest Conservation in Sumatra" which was launched in Jakarta, on September 28, 2011, said conserving key rainforests in Indonesia could generate considerable revenues and multiple Green Economy benefits from combating climate change, securing water supplies and improved livelihoods while throwing a life line to the world`s remaining populations of orangutans.
The United Nations Environment Program (UNEP) in its new report entitled "The Orangutan and the Economics of Forest Conservation in Sumatra" which was launched in Jakarta, on September 28, 2011, said conserving key rainforests in Indonesia could generate considerable revenues and multiple Green Economy benefits from combating climate change, securing water supplies and improved livelihoods while throwing a life line to the world`s remaining populations of orangutans.
Friday, April 23, 2010
RI STARTS LOOKING AT GREEN ECONOMY STRATEGY By Fardah
Jakarta, April 23, 2010 (ANTARA) - President Susilo Bambang Yudhoyono when
addressing the Global Ministerial Environment Forum in Bali last
February, called for the adoption of a green economy development
strategy which was pro-growth, pro-job and pro-poor.
"Striving for a Green Economy, we will more quickly mainstream ecological concerns into our economic decision-making. This can ensure sustainable and inclusive growth and the achievement of the MDGs. Thus we have a clear opportunity to reshape our economic systems and to introduce ``green growth` as a global paradigm," he told roughly 100 environment ministers attending the forum.
"Striving for a Green Economy, we will more quickly mainstream ecological concerns into our economic decision-making. This can ensure sustainable and inclusive growth and the achievement of the MDGs. Thus we have a clear opportunity to reshape our economic systems and to introduce ``green growth` as a global paradigm," he told roughly 100 environment ministers attending the forum.
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