Sustainable Finance on Management and Protection of Environment (Study of sustainable finance implementation in Indonesia)

DOI

10.2991/sores-18.2019.133How to use a DOI?

Keywords

sustainable finance; environmental protection; environmental law

Abstract

The implementation of the free trade at least makes a difference significant to the development in Indonesia, especially in matter of managing environment. In any process development, environment protection and good management and sustainable large be on the agenda, especially for developing countries. One form of protection in environmental management is to harness an instrument economic. Financial sustainable is one of demonstrate in relation environmental protection The study aims to expound and described how the principle of the sustainable finance for environmental management and protection in Indonesia. Research methods was used in this study is juridical normative, namely that emphasize secondary data research. Research approach used is statute approach and conceptual approach. The results show that, the Financial Services Authority as the supervisor of the financial services sector in Indonesia has issued a policy through the Financial Services Authority Regulation (POJK) to implement the principles of sustainable finance and provide guidance for financial service institutions in Indonesia to implement sustainable finance for customers. Although it has collaborated with the Ministry of Environment and Forestry (KLHK) in implementing these principles, some obstacles to the absence of clear regulations in terms of sustainable finance have an impact on the optimal implementation of sustainable finance to protect and manage the environment. The impact is that pollution and also environmental damage are serious problems that can threaten the basic rights of the community in obtaining enjoyment of a clean and healthy environment.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wafia Silvi Dhesinta
PY  - 2019/03
DA  - 2019/03
TI  - Sustainable Finance on Management and Protection of Environment (Study of sustainable finance implementation in Indonesia)
BT  - Proceedings of the Social and Humaniora Research Symposium (SoRes 2018)
PB  - Atlantis Press
SP  - 584
EP  - 587
SN  - 2352-5398
UR  - https://doi.org/10.2991/sores-18.2019.133
DO  - 10.2991/sores-18.2019.133
ID  - Dhesinta2019/03
ER  -