RI advised to adopt green economic policies

10 March, 2011 | Source: The Jakarta Post

Indonesia should adopt green economic policies to ensure the sustainability of its economic growth, an international meeting on green economics concluded in Jakarta on Monday. The meeting discussed green economics and how to promote and build awareness of the concept through the Association of Southeast Asian Nations (ASEAN) and East Asia member countries, Antara reported.

 

According to a United Nations Information Center press release made available on Monday, the discussion was organized jointly by The Economic Research Institute for ASEAN and East Asia (ERIA), Institute of Developing Economies (IDE-JETRO), Japan and the United Nations Industrial Development Organization (UNIDO).

The experts at the meeting agreed that Indonesia should apply green economic projects as an important means to influence its economic activities, concentrating on areas including economic growth, industrialization pattern and regional economic cooperation and integration in Southeast and East Asia.

The meeting`s participants also discussed how enterprises and governments in both Southeast and East Asia countries need to reorganize the development of their industrial sectors in terms of competitiveness.

They also noted that the development of a green economic concept should be preceded by interaction between policymakers and citizens. Green economics was believed to have impacts on energy efficiency, efficient resource utilization, industrial upgrading and diversification as well as on the development of regional markets.

These benefits from a "green" economy are aimed at narrowing the supply and demand conditions related to the development gap in the region.

Green economics is an economic development model based on sustainable development and ecological economic knowledge in reducing environmental risks and ecological scarcities while conducting economic activities.

 

The Indonesian government plans to issue savings sukuk (Islamic bonds), series ST007, to expand the base of retail investors in the domestic financial market and finance green projects in the state budget (APBN).
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