Green finance could gave solutions to two serious threats, namely energy consumption and the environment, Takashi Hongo, special adviser and head of Environment Finance Engineering Department, Japan Bank for International Cooperation (JBIC) said in a discussion on green finance organized by the Nusantara Fishery Community (MPN) here Thursday.
The implementation of the green finance concept would require commitment from financial institutions, both private and the government-run, to providing big amount investments.
The green finance application would also need technology progress which could reduce the impacts of the climate change, he said.
Green Growth is a perception to ensure that efforts to protect the environment should be not only compatible with economic growth but also creating new industries and jobs.
Meanwhile, Suseno Sukoyono, expert staff of the maritime and fishery affairs ministry, said many business and financial opportunities could be developed following the crisis due to the climate change. One of the opportunities is through green finance.
Indonesia was not the largest gas emitter but the climate change has caused a number of problems such as sea level rise, global warming and rob phenomena which had recently happened at Muara Baru, North Jakarta.
"Indonesia has produced 1.7 emission per capita, while the United States 20.6 and Australia 16.2," he said.
Last year, President Susilo Bambang Yudhoyono said that Indonesia would develop the concept of a green economy in an effort to improve the welfare of the people at the same time overcome the threat of climate change.
The concept of a green economy, he said, is needed because the world faces major challenges from climate change are already felt its impact by showing a number of crises in the world among other food crisis, energy and water.
F001/HAJM
Editor: Jafar M Sidik
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