Measuring opportunities: Transforming Indonesia’s economy through utilizing natural resources for sustainable development through green economy indicators

Abstract

Many countries with low to medium incomes need a long time to recover from the economic downturn caused by Covid-19. The impact of Covid-19 affects the main development priorities in Indonesia, such as poverty alleviation, the achievement of sustainable development, and the transformation of the green economy. The economic and fiscal constraints facing Indonesia need attention, and the Indonesian economy needs to establish policy criteria. The purpose of this article is to analyze the environmental problems in Indonesia and then identify the government policy related to sustainable development programs to release them. The Ministry of Finance has an essential role in the SDGs by allocating National Budget to environmental programs. Sustainable development is Indonesia’s commitment to the international community to reduce the use of carbon emissions to promote a green economy. The green economy indicators that we elaborate in supporting SDGs programs are low-carbon development, resource efficiency, and socially inclusive.

Determinasi Adopsi Ekonomi Sirkular, Model Bisnis Inovatif Dan Dukungan Anggaran Negara: Investigasi Umkm Indonesia Berbasis PLS-Sem

“…Tanpa dukungan anggaran dari negara, sangat sulit sulit untuk meluncurkan inisiatif keberlanjutan, praktik lingkungan, dan tanggung jawab sosial UMKM di tengah masyarakat, padahal posisi keuangan yang efisien dapat mendukung penerapan praktik bisnis yang lebih diinginkan di antara UMKM. Dengan cara yang sama, dukungan non-finansial juga penting untuk kelancaran fungsi dan kinerja guna memastikan kelangsungan hidup UMKM dalam lingkungan yang kompetitif (Anggraeni et al, 2023). Di negara berkembang seperti Indonesia, insentif pemerintah dan kebijakan yang menguntungkan (seperti pajak yang rendah, subsisi biaya produksi, bantuan peralatan dll.)…”

“…Pada Tabel 4 ditemukan nilai R-Square seluruh variabel dependen memili nilai R-Square diatas 0,50 dengan detail variabel Kinerja Ekonomi bernilai 63,3% dengan kategori kekuatan pengaruh medium, variabel kinerja lingkungan bernilai 87,7% akategori kekuatan pengaruh tinggi dan variabel dependen kinerja sosial bernilai 78,6% dengan kategori kekuatan tinggi sesuai teori R-Square SEM PLS (Hair Jr. et al, 2017 Hasil pertama menunjukkan adopsi ekonomi sirkular berpengaruh positif signifikan terhadap kinerja ekonomi, namun tidak mempengaruhi kinerja lingkungan dan sosial. Hasil ini sejalan dengan penelitian terkait implikasi ekonomi sirkular pada kinerja ekonomi (Kusumowardani et al, 2022;Oncioiu et al, 2018), namun jauh bertentangan dengan pendapat peneliti dalam pengaruhnya terhadap lingkungan dan sosial (Klein et al,2022) (Kraus et al, 2022;Palos Sánchez et al, 2023;Anggraeni et al, 2023). Hal ini memperlihatkan pentingnya dukungan anggaran negara dalam mendorong dan memfasilitasi kinerja Sustainable Development Goals (SDGs) pada sektor Ekonomi, Lingkungan, dan Sosial di Usaha Mikro, Kecil, dan Menengah (UMKM).…”

Interconnection of Green Knowledge Management and Sustainable Business Capabilities: An Investigation of the Culinary MSME Sector in the Food Waste Emergency Zone of Indonesia

“…One of the approaches applied is empowering the community, which is the main principle in sustainable, empowering, and people-oriented economic development [1]. The government has made various efforts to empower the community, including supporting them in developing Micro, Small, and Medium Enterprises (MSMEs) and modernizing cooperatives [2]. MSMEs play an important role in the Indonesian economy as a form of business that operates on a small scale, stand alone, and are managed by local communities or families [3].…”

Analysis of the Relationship between the Implementation of Circular Economy Principles and Financial Inclusion to Poverty Alleviation in Indonesia

“…Poverty alleviation efforts in Indonesia have evolved, with a focus on implementing policies aligned with constitutional principles [11]. The impact of Covid-19 has further highlighted the need for sustainable development programs to address poverty and promote a green economy [12]. Indonesia's economic growth is closely linked to social and economic conditions, with regions such as North Sulawesi, Riau, and Bali demonstrating optimal economic growth values [13].…”