Green financing and climate change: challenges and regulatory mechanisms in Malaysia and Indonesia
Over the past few decades, there has been an increase in concerns about climate change in Malaysia and Indonesia. This has put pressure on both public-listed companies and small and medium-sized enterprises to modify the way they conduct their business. Therefore, in order to encourage the adoption...
Gespeichert in:
Veröffentlicht in: | Clean technologies and environmental policy 2024-04, Vol.26 (12), p.4471-4482 |
---|---|
Hauptverfasser: | , , , |
Format: | Artikel |
Sprache: | eng |
Schlagworte: | |
Online-Zugang: | Volltext |
Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
container_end_page | 4482 |
---|---|
container_issue | 12 |
container_start_page | 4471 |
container_title | Clean technologies and environmental policy |
container_volume | 26 |
creator | Idris, Siti Hafsyah Chang, Lee Wei Prihandono, Iman Rasidi, Saiful Azwan |
description | Over the past few decades, there has been an increase in concerns about climate change in Malaysia and Indonesia. This has put pressure on both public-listed companies and small and medium-sized enterprises to modify the way they conduct their business. Therefore, in order to encourage the adoption of environmentally friendly financing in the country, it is crucial to modify regulatory frameworks, synchronize public financial incentives, promote green financing across various sectors, align public sector financing decisions with the environmental aspect of the Sustainable Development Goals (SDGs), and increase investments in clean and sustainable technologies. This paper examines the challenges of implementing effective green financing in Malaysia to comply with the climate change mitigation requirements of the Paris Agreement. It compares Malaysia's policies and regulatory mechanisms with Indonesia's and presents the challenges faced in implementing green financing. The government is identified as a key player in ensuring the success of the initiatives, but barriers remain that may limit the extent of their effectiveness. As a recommendation, to help nations become high-income nations by 2025 and achieve SDGs, green financing needs to be improved. All industry players, including small and medium-sized businesses, must adopt greener practices.
Graphical abstract |
doi_str_mv | 10.1007/s10098-024-02829-8 |
format | Article |
fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_3143472795</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>3143472795</sourcerecordid><originalsourceid>FETCH-LOGICAL-c270t-487af8fef73cef6c408539a5d40e51032a5a33411cd4e8ae3178777f3a1c55d13</originalsourceid><addsrcrecordid>eNp9kE1LAzEQhoMoWKt_wNOC59V8NllvUrQtVLwoeAtjdlK3bLM12R767027ojcPyUzI807IQ8g1o7eMUn2X8l6ZknKZl-FVaU7IiE2YKSulzOlvL9_PyUVKa0o515yOyMcsIobCNwGCa8KqgFAXrm020GPhPiGs8P5Q2xZzm47XEVe7Fvou7osNHpgmbVLRhOIZWtinBo7UItRdwHy6JGce2oRXP3VM3p4eX6fzcvkyW0wflqXjmvalNBq88ei1cOgnTlKjRAWqlhQVo4KDAiEkY66WaAAF00Zr7QUwp1TNxJjcDHO3sfvaYertutvFkJ-0gkkhNdeVyhQfKBe7lCJ6u435t3FvGbUHl3ZwabNLe3RpTQ6JIZQynD3Ev9H_pL4BvcF3fA</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>3143472795</pqid></control><display><type>article</type><title>Green financing and climate change: challenges and regulatory mechanisms in Malaysia and Indonesia</title><source>PAIS Index</source><source>SpringerLink (Online service)</source><creator>Idris, Siti Hafsyah ; Chang, Lee Wei ; Prihandono, Iman ; Rasidi, Saiful Azwan</creator><creatorcontrib>Idris, Siti Hafsyah ; Chang, Lee Wei ; Prihandono, Iman ; Rasidi, Saiful Azwan</creatorcontrib><description>Over the past few decades, there has been an increase in concerns about climate change in Malaysia and Indonesia. This has put pressure on both public-listed companies and small and medium-sized enterprises to modify the way they conduct their business. Therefore, in order to encourage the adoption of environmentally friendly financing in the country, it is crucial to modify regulatory frameworks, synchronize public financial incentives, promote green financing across various sectors, align public sector financing decisions with the environmental aspect of the Sustainable Development Goals (SDGs), and increase investments in clean and sustainable technologies. This paper examines the challenges of implementing effective green financing in Malaysia to comply with the climate change mitigation requirements of the Paris Agreement. It compares Malaysia's policies and regulatory mechanisms with Indonesia's and presents the challenges faced in implementing green financing. The government is identified as a key player in ensuring the success of the initiatives, but barriers remain that may limit the extent of their effectiveness. As a recommendation, to help nations become high-income nations by 2025 and achieve SDGs, green financing needs to be improved. All industry players, including small and medium-sized businesses, must adopt greener practices.
Graphical abstract</description><identifier>ISSN: 1618-954X</identifier><identifier>EISSN: 1618-9558</identifier><identifier>DOI: 10.1007/s10098-024-02829-8</identifier><language>eng</language><publisher>Berlin/Heidelberg: Springer Berlin Heidelberg</publisher><subject>Adoption of innovations ; Clean technology ; Climate change ; Climate change mitigation ; Earth and Environmental Science ; Effectiveness ; Environment ; Environmental aspects ; Environmental Economics ; Environmental Engineering/Biotechnology ; Financing ; Industrial and Production Engineering ; Industrial Chemistry/Chemical Engineering ; Investments ; Nations ; Original Paper ; Paris Agreement ; Public finance ; Public sector ; Regulatory mechanisms (biology) ; Sustainable Development</subject><ispartof>Clean technologies and environmental policy, 2024-04, Vol.26 (12), p.4471-4482</ispartof><rights>The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature 2024 Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.</rights><rights>Copyright Springer Nature B.V. Dec 2024</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><cites>FETCH-LOGICAL-c270t-487af8fef73cef6c408539a5d40e51032a5a33411cd4e8ae3178777f3a1c55d13</cites><orcidid>0000-0002-3691-9460 ; 0000-0002-6480-3828 ; 0000-0003-3156-1057</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://link.springer.com/content/pdf/10.1007/s10098-024-02829-8$$EPDF$$P50$$Gspringer$$H</linktopdf><linktohtml>$$Uhttps://link.springer.com/10.1007/s10098-024-02829-8$$EHTML$$P50$$Gspringer$$H</linktohtml><link.rule.ids>314,780,784,27866,27924,27925,41488,42557,51319</link.rule.ids></links><search><creatorcontrib>Idris, Siti Hafsyah</creatorcontrib><creatorcontrib>Chang, Lee Wei</creatorcontrib><creatorcontrib>Prihandono, Iman</creatorcontrib><creatorcontrib>Rasidi, Saiful Azwan</creatorcontrib><title>Green financing and climate change: challenges and regulatory mechanisms in Malaysia and Indonesia</title><title>Clean technologies and environmental policy</title><addtitle>Clean Techn Environ Policy</addtitle><description>Over the past few decades, there has been an increase in concerns about climate change in Malaysia and Indonesia. This has put pressure on both public-listed companies and small and medium-sized enterprises to modify the way they conduct their business. Therefore, in order to encourage the adoption of environmentally friendly financing in the country, it is crucial to modify regulatory frameworks, synchronize public financial incentives, promote green financing across various sectors, align public sector financing decisions with the environmental aspect of the Sustainable Development Goals (SDGs), and increase investments in clean and sustainable technologies. This paper examines the challenges of implementing effective green financing in Malaysia to comply with the climate change mitigation requirements of the Paris Agreement. It compares Malaysia's policies and regulatory mechanisms with Indonesia's and presents the challenges faced in implementing green financing. The government is identified as a key player in ensuring the success of the initiatives, but barriers remain that may limit the extent of their effectiveness. As a recommendation, to help nations become high-income nations by 2025 and achieve SDGs, green financing needs to be improved. All industry players, including small and medium-sized businesses, must adopt greener practices.
Graphical abstract</description><subject>Adoption of innovations</subject><subject>Clean technology</subject><subject>Climate change</subject><subject>Climate change mitigation</subject><subject>Earth and Environmental Science</subject><subject>Effectiveness</subject><subject>Environment</subject><subject>Environmental aspects</subject><subject>Environmental Economics</subject><subject>Environmental Engineering/Biotechnology</subject><subject>Financing</subject><subject>Industrial and Production Engineering</subject><subject>Industrial Chemistry/Chemical Engineering</subject><subject>Investments</subject><subject>Nations</subject><subject>Original Paper</subject><subject>Paris Agreement</subject><subject>Public finance</subject><subject>Public sector</subject><subject>Regulatory mechanisms (biology)</subject><subject>Sustainable Development</subject><issn>1618-954X</issn><issn>1618-9558</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2024</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp9kE1LAzEQhoMoWKt_wNOC59V8NllvUrQtVLwoeAtjdlK3bLM12R767027ojcPyUzI807IQ8g1o7eMUn2X8l6ZknKZl-FVaU7IiE2YKSulzOlvL9_PyUVKa0o515yOyMcsIobCNwGCa8KqgFAXrm020GPhPiGs8P5Q2xZzm47XEVe7Fvou7osNHpgmbVLRhOIZWtinBo7UItRdwHy6JGce2oRXP3VM3p4eX6fzcvkyW0wflqXjmvalNBq88ei1cOgnTlKjRAWqlhQVo4KDAiEkY66WaAAF00Zr7QUwp1TNxJjcDHO3sfvaYertutvFkJ-0gkkhNdeVyhQfKBe7lCJ6u435t3FvGbUHl3ZwabNLe3RpTQ6JIZQynD3Ev9H_pL4BvcF3fA</recordid><startdate>20240424</startdate><enddate>20240424</enddate><creator>Idris, Siti Hafsyah</creator><creator>Chang, Lee Wei</creator><creator>Prihandono, Iman</creator><creator>Rasidi, Saiful Azwan</creator><general>Springer Berlin Heidelberg</general><general>Springer Nature B.V</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7ST</scope><scope>7TA</scope><scope>7TQ</scope><scope>8FD</scope><scope>C1K</scope><scope>DHY</scope><scope>DON</scope><scope>FR3</scope><scope>JG9</scope><scope>KR7</scope><scope>SOI</scope><orcidid>https://orcid.org/0000-0002-3691-9460</orcidid><orcidid>https://orcid.org/0000-0002-6480-3828</orcidid><orcidid>https://orcid.org/0000-0003-3156-1057</orcidid></search><sort><creationdate>20240424</creationdate><title>Green financing and climate change: challenges and regulatory mechanisms in Malaysia and Indonesia</title><author>Idris, Siti Hafsyah ; Chang, Lee Wei ; Prihandono, Iman ; Rasidi, Saiful Azwan</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c270t-487af8fef73cef6c408539a5d40e51032a5a33411cd4e8ae3178777f3a1c55d13</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2024</creationdate><topic>Adoption of innovations</topic><topic>Clean technology</topic><topic>Climate change</topic><topic>Climate change mitigation</topic><topic>Earth and Environmental Science</topic><topic>Effectiveness</topic><topic>Environment</topic><topic>Environmental aspects</topic><topic>Environmental Economics</topic><topic>Environmental Engineering/Biotechnology</topic><topic>Financing</topic><topic>Industrial and Production Engineering</topic><topic>Industrial Chemistry/Chemical Engineering</topic><topic>Investments</topic><topic>Nations</topic><topic>Original Paper</topic><topic>Paris Agreement</topic><topic>Public finance</topic><topic>Public sector</topic><topic>Regulatory mechanisms (biology)</topic><topic>Sustainable Development</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Idris, Siti Hafsyah</creatorcontrib><creatorcontrib>Chang, Lee Wei</creatorcontrib><creatorcontrib>Prihandono, Iman</creatorcontrib><creatorcontrib>Rasidi, Saiful Azwan</creatorcontrib><collection>CrossRef</collection><collection>Environment Abstracts</collection><collection>Materials Business File</collection><collection>PAIS Index</collection><collection>Technology Research Database</collection><collection>Environmental Sciences and Pollution Management</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>Engineering Research Database</collection><collection>Materials Research Database</collection><collection>Civil Engineering Abstracts</collection><collection>Environment Abstracts</collection><jtitle>Clean technologies and environmental policy</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Idris, Siti Hafsyah</au><au>Chang, Lee Wei</au><au>Prihandono, Iman</au><au>Rasidi, Saiful Azwan</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Green financing and climate change: challenges and regulatory mechanisms in Malaysia and Indonesia</atitle><jtitle>Clean technologies and environmental policy</jtitle><stitle>Clean Techn Environ Policy</stitle><date>2024-04-24</date><risdate>2024</risdate><volume>26</volume><issue>12</issue><spage>4471</spage><epage>4482</epage><pages>4471-4482</pages><issn>1618-954X</issn><eissn>1618-9558</eissn><abstract>Over the past few decades, there has been an increase in concerns about climate change in Malaysia and Indonesia. This has put pressure on both public-listed companies and small and medium-sized enterprises to modify the way they conduct their business. Therefore, in order to encourage the adoption of environmentally friendly financing in the country, it is crucial to modify regulatory frameworks, synchronize public financial incentives, promote green financing across various sectors, align public sector financing decisions with the environmental aspect of the Sustainable Development Goals (SDGs), and increase investments in clean and sustainable technologies. This paper examines the challenges of implementing effective green financing in Malaysia to comply with the climate change mitigation requirements of the Paris Agreement. It compares Malaysia's policies and regulatory mechanisms with Indonesia's and presents the challenges faced in implementing green financing. The government is identified as a key player in ensuring the success of the initiatives, but barriers remain that may limit the extent of their effectiveness. As a recommendation, to help nations become high-income nations by 2025 and achieve SDGs, green financing needs to be improved. All industry players, including small and medium-sized businesses, must adopt greener practices.
Graphical abstract</abstract><cop>Berlin/Heidelberg</cop><pub>Springer Berlin Heidelberg</pub><doi>10.1007/s10098-024-02829-8</doi><tpages>12</tpages><orcidid>https://orcid.org/0000-0002-3691-9460</orcidid><orcidid>https://orcid.org/0000-0002-6480-3828</orcidid><orcidid>https://orcid.org/0000-0003-3156-1057</orcidid></addata></record> |
fulltext | fulltext |
identifier | ISSN: 1618-954X |
ispartof | Clean technologies and environmental policy, 2024-04, Vol.26 (12), p.4471-4482 |
issn | 1618-954X 1618-9558 |
language | eng |
recordid | cdi_proquest_journals_3143472795 |
source | PAIS Index; SpringerLink (Online service) |
subjects | Adoption of innovations Clean technology Climate change Climate change mitigation Earth and Environmental Science Effectiveness Environment Environmental aspects Environmental Economics Environmental Engineering/Biotechnology Financing Industrial and Production Engineering Industrial Chemistry/Chemical Engineering Investments Nations Original Paper Paris Agreement Public finance Public sector Regulatory mechanisms (biology) Sustainable Development |
title | Green financing and climate change: challenges and regulatory mechanisms in Malaysia and Indonesia |
url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-25T05%3A24%3A00IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Green%20financing%20and%20climate%20change:%20challenges%20and%20regulatory%20mechanisms%20in%20Malaysia%20and%20Indonesia&rft.jtitle=Clean%20technologies%20and%20environmental%20policy&rft.au=Idris,%20Siti%20Hafsyah&rft.date=2024-04-24&rft.volume=26&rft.issue=12&rft.spage=4471&rft.epage=4482&rft.pages=4471-4482&rft.issn=1618-954X&rft.eissn=1618-9558&rft_id=info:doi/10.1007/s10098-024-02829-8&rft_dat=%3Cproquest_cross%3E3143472795%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=3143472795&rft_id=info:pmid/&rfr_iscdi=true |