GREEN ECONOMY AS A SUSTAINABLE DEVELOPMENT STRATEGY IN INDONESIA
Abstract
The approach employed is Systematic Library Research, focusing on a qualitative synthesis of macro policies and empirical findings. The data corpus comprises key national policy documents (e.g., Bappenas/LCDI reports), official government publications, and relevant open-access academic literature spanning the GE policy period (2017–2025). Data analysis involves Systematic Content Analysis and Policy Synthesis to evaluate policy consistency, implementation gaps, and resulting outcomes. The findings indicate that GE is formalized through the Low Carbon Development policy and backed by significant fiscal allocation (averaging 4.1% of the State Budget, with 88.1% supporting green infrastructure ). However, implementation is challenged by a massive climate financing gap (Rp3.799 trillion ) and critical trade-offs in resource-intensive sectors, which often prioritize rapid economic gain over environmental protection. Furthermore, the micro-level effectiveness of green strategies hinges on the adoption of Green Innovation to transform environmental obligations into competitive advantages. The conclusion stresses the urgency of innovative financing and strengthened regulatory governance to ensure an inclusive and effective GE transition.
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