How Does Sustainable Energy System, Creativity, and Green Finance affect Environment Efficiency and Sustainable Economic Growth: Evidence from Highest Emitting Economies

This paper assesses the green financing framework for renewable energy in Indonesia, with a focus on PT Pertamina Geothermal Energy (PGE) as a case study. PGE is a state-owned company and a significant producer of geothermal energy in Indonesia. The paper evaluates the strengths and weaknesses of PGE's green financing framework, including its reliance on government policy and regulation, the speed and efficiency of disbursement of funds, and the quality of project selection. The paper also examines PGE's intention to engage external auditors to verify its internal tracking method and allocation of funds, which aligns with global best practices in green financing. The involvement of external reviewers adds an extra layer of oversight and credibility to the process. Overall, the paper concludes that PGE has a strong framework in place for managing green financing, with several projects in various stages of implementation. However, there is room for improvement in terms of project selection criteria and impact reporting accuracy and reliability. In summary, this paper provides valuable insights into the green financing framework for renewable energy in Indonesia, with a specific focus on PGE as a case study.

Section: Introductionmentioning

confidence: 96%

How Effective is the Green Financing Framework for Renewable Energy? A Case Study of PT Pertamina Geothermal Energy in Indonesia

Aransyah

2023

“…One of the efforts that can be made is through the use of renewable energy in building houses (Maglad et al, 2023). Residential houses that are environmentally friendly and focus on renewable energy can provide long-term benefits for the environment as well as for consumers who choose to live in them (Sinaga and Sitorus, 2023;Yunus et al, 2023). Renewable energy suitable for residential homes no longer uses fossil energy as a driver in electrical energy and of course a replacement energy is needed that comes from natural energy that will be used to drive electricity in the house (Hoang et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Renewable Energy and its Moderation on Green Home Selection in Indonesia: Bridging Environment, Product, and Value

Napitupulu,

Siahaan,

Sitorus

2023

This study aims to investigate the moderating role of renewable energy on sustainable environmental factors, environmentally friendly products, and customer value in consumer decision making in choosing a residential house without greenhouse effect in Indonesia. The data source in this study is 270 people who have a residence without a greenhouse effect. The research method is a quantitative descriptive method using Structural Equation Model data analysis using the PLS 3.0 application. The population in this study amounted to 270 people who have a residence without a greenhouse effect, while the number of samples was 270 people who have a residence without a greenhouse effect with a sampling technique using the census method, while the data collection technique was carried out using observation, questionnaires and documentation studies. The results of this study indicate that consumers tend to be more interested in choosing residential houses that use renewable energy and have environmentally friendly features. In addition, customer values perceived by consumers, such as quality, price, comfort, and safety, also have a positive influence on consumer decisions in choosing residential houses without greenhouse effect. Limitations of this study include the use of self-reporting survey data, which may affect the validity and reliability of the results. In addition, this study focused on the context of residential homes in Indonesia, so generalizability of the findings needs to be considered with caution. Recommendations for future research include involving a more representative sample, incorporating objective data to measure environmental variables and environmentally friendly products, and expanding the geographical scope of the study to compare results between different regions in Indonesia.

“…This degradation is resulting in an increase in global warming. This global warming results in affecting every sector of life in terms of health issues, financial issues as well as operations (Al-Ghussain, 2019;Bai et al, 2022;Kapa et al, 2022;Miar et al, 2022;Nendissa et al, 2022;Taridala et al, 2023;Tiawon and Miar, 2023;Yunus et al, 2023). The United Nations has introduced its Sustainable Development Goals with the view to support almost all the major sections of life which effecting humanity like hunger, food and health.…”

Section: Introductionmentioning

confidence: 99%

The Role of Green Energy Technologies Development, Carbon Finance, Carbon Tax and Economic Growth on Environmental Conditions in ASEAN Countries

Yunikewaty,

Siswahyudi

2023

Green technology and carbon finance have the potential to greatly add significance towards traditional financing practices related to carbon emissions because of information based nature, Thus, exploration of green technologies and carbon finance assist economies in the formulation of effective policies. By employing the panel data of ASEAN economies from 2011-2019, the study used CUP-FM and CUP-BC methods to empirically analyze the said relationship. The outcomes of the study revealed that green technologies, carbon finance, carbon taxes, economic growth decrease GHG emissions. It implies that the synergetic effect of green technologies, carbon finance, carbon tax and economic growth play an essential role in improving environmental conditions. Consequently, ASEAN region can reshape the policies by integrating green technologies and carbon finance and also looks into country’s local condition to improve the urban environmental efficiency, hence, achieving carbon neutralization goal.