Open AccessGreen Sukuk and Sustainable Economic Development Goals: Mitigating Climate Change in Indonesia
Author(s) -
Ivan Rahmad Santoso
Publication year - 2020
Publication title -
global journal al-thaqafah
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.104
H-Index - 6
eISSN - 2232-0482
pISSN - 2232-0474
DOI - 10.7187/gjat072020-3
Subject(s) - sukuk , business , sustainable development , climate change , renewable energy , sustainability , natural resource , islam , agriculture , environmental planning , environmental resource management , natural resource economics , economics , environmental science , engineering , geography , islamic finance , ecology , archaeology , political science , law , biology , electrical engineering
This paper aims to analyze the role of green Sukuk in the goal of sustainable economic development in Indonesia, more specifically in improving climate change mitigation. The research method used is descriptive qualitative. The study found that several renewable energy sectors can be funded by Green bonds/Sukuk, namely: sustainable management of natural resources, energy efficiency, green tourism, resilience to climate change, green buildings, sustainable transportation, sustainable agriculture, and waste management and waste energy. This study also found projects funded by the issuance of State Sukuk to be in compliance with Islamic regulations and have met the criteria for green infrastructure through the stages of project identification, project feasibility preparation and assessment, issuance of Green Sukuk, project implementation and completion, project monitoring and project evaluation.