TINJAUAN REGULASI GREEN BANKING DI INDONESIA
Abstract
Economic growth not accompanied by the principle of sustainability threatens the environmental ecosystem. This economic growth is inseparable from the contribution of the fundamental elements within it, including the banking sector. Banking also contributes to environmental damage, such as forest fires. These disasters can occur significantly due to non-environmentally friendly projects financed by banks. As a result, financing based on environmental sustainability is urgently needed to combat environmental damage. Green banking integrates environmental considerations into its financing products and operational systems. In order to ensure the achievement of green banking standards that genuinely save the environment and create consistency in the market, comprehensive regulations are urgently needed. This study examines green banking regulations in Indonesia with normative research methods. The findings show that there is a weakness in green banking regulations in Indonesia that have significant impacts. The absence of setting 'green' standards in these regulations causes green banking practices in Indonesia not to function optimally as a solution to stop environmental disasters. What happened instead needs to be clarified is a market, inconsistencies in green banking practices, and the potential for greenwashing.
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Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication, with the work [SPECIFY PERIOD OF TIME] after publication simultaneously licensed under aCreative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
