Sri Mulyani Invites Investors To Invest In Indonesian Green Financing, Ada Green Sukuk And SDG Bonds

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA - Minister of Finance (Menkeu) Sri Mulyani specifically invited domestic and foreign investors to participate in green financing issued by the government.

According to him, Indonesia has innovated by releasing various environmentally friendly financing schemes to support green development, such as sharia-based green sukuk and sustainable development goals (SDGs) bonds.

"I would like to invite all of you to study and participate in this innovative financing," said the 2022 HSBC Summit forum on Wednesday, September 14.

In the editorial notes, Indonesia is one of the leading countries in the world that develops sharia-based green financing instruments. It is noted that so far there have been two green sukuk products worth a total of US$3.5 billion for foreign markets and Rp11.8 trillion in the country.

Furthermore, the Minister of Finance also explained that the government's support for the green economy is evidenced by the domestic carbon taxation plan.

"We are also introducing a carbon tax, especially to support the business world which has a low carbon impact," he said.

However, the state treasurer admitted that the carbon tax scheme could not be implemented because it was still under an in-depth implementation study.

"It is necessary to re-calibrate continuously because this (carbon tax) is considered to still have an impact on the national economic recovery, especially after the pandemic and now there are tenants in terms of food supply and energy crisis," he explained.