2022 State Budget: Fiscal Policy and Structural Reform
Urgency of the Development of Green Taxonomy
Urgency of Green Taxonomy Development at OJK
- To standardize green definitions and criteria.
- To regularly monitor credit/financing disbursement to the green
sectors.
- To improve reporting process carried out by the Financial
Services Industry.
Targets
- Policy in the green sector, as the basis for
developing innovative products and/or sustainable
financial services as well as incentive and
disincentive mechanisms for financial services
sector.
- Availability of database for green sectors.
Strategic Goals
- To develop standard definitions and green criteria of economic sector activities that support sustainable development, and
climate change agenda in Indonesia.
- To encourage innovation and investment in economic activities that have a positive impact on improving the quality of the
environment.
- To encourage the financial sector to provide financing for green economy activities.
- To provide a reference for financial services sector, investors, business players (national and international) to disclose
information related to financing, funding, or investment in green economy activities.
Source: Financial Services Authority (OJK)
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