"The global market for green bonds continues to grow. The green bonds issued in 2013 were valued at US$11 billion. By the middle of 2015, the value of outstanding green bonds reached US$65.5 billion worldwide," Chairman of OJK Board of Commissioners Muliaman D Hadad said here on Monday.
The developments give a chance to the companies to issue green bonds or green sukuk as part of a sustainable financial program and a way to attain Sustainable Development Goals (SDGs), he said.
"The green bonds will provide opportunities. The quantum of green bonds to be issued will depend on the government and the business world. In principle, (we) encourage the sustainable issue (of green bonds)," he said.
Although the OJK encourages the issuance of green bonds, it will not provide special incentives to financial companies wishing to issue green bonds, he said.
"We do not provide special incentives. The idea emerged as we wanted to improve a pro-environment culture. Neither have we set any target that we want to achieve," he said.
Touching on green sukuk, he said a roadmap for sustainable finance may serve as the means for financial service institutions, the capital market and financial service institutions to continue to innovate products.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2015
