Abstract
This study aims to examine Blue Bonds as a guarantee issued by the issuer (government and companies) as alternative financing. Compared to ordinary bonds that are issued only to meet the issuer's funding needs, the transaction results in Blue Bonds will be used to support marine protection, fisheries governance, waste and water pollution management, and the restoration of marine ecosystems. In this study, the author uses the method literature review sourced from journals, books, reports from related ministries, international financial institutions such as the World Bank, and news from national and international media. The results of this study indicate that by issuing Blue Bonds, the government and companies will get more funds from bond investors. Investors will receive a return in the form of a coupon (fixed interest rate) from the issuer and pay according to schedule and the initial principal investment. Not only that, the government and companies will get a good reputation among investors and actively contribute to Indonesia's maritime development.
Highlights
Indonesia's potential to become the world's maritime axis is very large
Based on a report from the Ministry of Maritime Affairs and Fisheries (2018), the potential of Indonesia's marine resources, especially the fisheries sector, reaches 12.54 million tons per year spread across Indonesian waters and the Indonesian Exclusive Economic Zone (ZEEI)
Blue economy Indonesia in the fisheries sector, marine renewable energy, and tourism can be the key to increasing economic growth and making sustainable use of maritime, oceanic, and marine resources to realize an advanced Indonesia
Summary
Indonesia's potential to become the world's maritime axis is very large. This country has 8,500 species of fish, 555 species of seaweed, and 950 types of coral reefs that live in the oceans of Mother Earth with an area of 5.8 million km of water. (Ministry of Maritime Affairs and Fisheries, 2018). Based on a report from the Ministry of Maritime Affairs and Fisheries (2018), the potential of Indonesia's marine resources, especially the fisheries sector, reaches 12.54 million tons per year spread across Indonesian waters and the Indonesian Exclusive Economic Zone (ZEEI). The Central Statistics Agency (2018) noted that the contribution of the Fisheries sector to Gross Domestic Product (GDP) reached 98 trillion Rupiah in the Quarter III. Seeing this great potential, blue economy Indonesia in the fisheries sector, marine renewable energy, and tourism can be the key to increasing economic growth and making sustainable use of maritime, oceanic, and marine resources to realize an advanced Indonesia
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