Implementation Of Green Economy Research Articles

Penerapan Ekonomi Hijau Dan Akuntansi Lingkungan Dalam Strategi Bisnis PT. Surabaya Industrial Estate Rungkut (SIER)

Surabaya Industrial Estate Rungkut (SIER) is a company that develops and manages industrial estates located in Surabaya, East Java, Indonesia. Established in 1991, PT. SIER has become one of the important industrial centers in the East Java region. The main focus of PT. Surabaya Industrial Estate Rungkut (SIER) is to provide complete and high-quality infrastructure to support various types of industries, ranging from manufacturing to logistics. The purpose of this research is to analyze the implementation of green economy and environmental accounting in the business strategy of PT. Surabaya Industrial Estate Rungkut (SIER), an industrial estate development company in Surabaya, Indonesia. Green economy and environmental accounting are important approaches for companies to achieve sustainability goals and corporate social responsibility.

Implementation Of Green Economy In Apartment Building In Surabaya

Approach to urban green economy to apartment buildings. Surabaya is the largestmetropolitan city in East Java Province and the capital of the province. By population, it isthe second largest city in Indonesia after Jakarta. According to data from the Surabaya CityCentral Statistics Office (BPS), Surabaya's population is currently growing rapidly, and isexpected to have more than 2 million residents by 2021. With faster population growth, theactivity population also becomes more productive. Aside from growing populationactivities, the need for housing is also growing and is becoming a problem, especially inurban areas. The high cost of land and the shrinking number of vacant lots make it hard forimmigrants and local communities to buy houses or land in Surabaya. Therefore, a verticalhousing concept or apartment is needed to solve the expensive and difficult problem ofempty land in Surabaya. The concept of green city development emerged as a result of thisproblem. A network or system of urban green building uses nature to reduce or cope withurban issues and climate change.

Analyzing The Implementation of Green-Economy Inclusive Strategy in East Java Province Through Urban Good Governance in Green-Economy Framework: The Case of Surabaya

The global uncertainty has forced countries including Indonesia to look on ways to stabilize themselves, one of them being the implementation of green-economy development. The lack of inclusive and environmental-oriented policy has created an urgency for East Java Province to prioritize the green-economy implementation. Therefore this paper analyzes a possible implementation of green-economy through Surabaya City’s green-economy concept. This city is chosen due to its status being the only city in East Java to have the Green Sister City Surabaya-Kitakyushu program. This paper uses green economy city development which has four main dimensions which are; decision making process, Implementation Capacity, green economy system and the socio-ecological dimension. A qualitative-descriptive method will be used in this paper, along with a thematic analysis technique to deeply explain the topic at hand. The result of this research is a strategy that can be referenced by Surabaya to develop the green-economy city as the city already has its basis, especially in its society’s system in approaching green-economy aspects. Aside of that, this research also presents 3 strategies of implementing green-economy policies for cities throughout East Java Province. These strategies are intended for those cities to be able to take the first step in developing a green-economy city by deeper understanding of local context, policy & capacity development, and monitoring & evaluation.

Impact of the Jurisprudence of the Constitutional Court of the Republic of Lithuania on the Implementation of Green Economy in Lithuania

The objective of this interdisciplinary legal and economic article is to examine how the jurisprudence of the Constitutional Court of the Republic of Lithuania, which has evolved over three decades, impacts the implementation of the green economy in Lithuania. To accomplish this aim, the article first explains the concept of the green economy in line with the economic and legal doctrine. The article analyses the constitutional bases of freedom of individual economic activity and environmental protection established in the Constitution of the Republic of Lithuania. It then explores how the Constitutional Court aims to reconcile environmental demands and freedom of individual economic activity, and how this case law supports the deployment of the green economy.

The Antinomy of Green Economy Implementation Towards Indigenous People in Natural Resources Management

Is Green economy practices adaptive and universally applicable? There are certain conditions where the application cannot be imposed, such as in the environment of indigenous peoples. This research aims to determine the contradiction and explore the Actualization of local wisdom among indigenous peoples in natural resource management. This research uses socio-legal methods with the conceptual, case, and statute approaches. The results showed that: Firstly, conflicts arising from differences in management techniques, concepts, claims of ownership rights, access, and objectives of natural resource management between indigenous peoples and green economy are significantly different. Secondly, Actualization and implementation in Indonesia can be done by adjusting the projection of green economy development with the wisdom patterns of each region, the participation of indigenous peoples in the policy formulation process, and the values of local wisdom in natural resource management as a limitation of the implementation of the green economy.

Implementation of Green Economy at PT. Esprite Nomade

The green economy is becoming increasingly important in the context of an increasingly fragile global environment. Unfortunately, many businesses today do not fully understand the concept and practice of green economy, as evidenced by the data and facts regarding the low awareness of this environmental issue. However, one of the companies engaged in the manufacture of tents, PT Esprite Nomade in Indonesia has become an exception by implementing various aspects of the green economy in its business activities. The company has succeeded in presenting innovative tents that are easily removable, environmentally friendly, and reduce carbon footprint through various measures such as minimizing the use of heavy equipment, minimizing the use of hazardous chemicals, easily moved to a new location without destroying the building so that it can be reused and reducing waste that has a negative impact on the environment. The company has also successfully sold its products commercially and exported them overseas, thus making a positive contribution to the country's income. With the important role of green economy in future business, this research aims to analyze the implementation of green economy policies or procedures applied by PT Esprite. This is expected to be a reference for other businesses to adopt sustainable and environmentally friendly practices. This research uses a qualitative analysis approach to analyze data collected through interviews and direct observation at PT Esprite Nomade. Data obtained from relevant parties such as company management, production, and marketing teams are used to deeply understand the implementation of green economy in various aspects of the business which are then analyzed to explore patterns, themes, and challenges faced by PT Esprite in implementing green economy. This analysis will provide an understanding of the advantages and contributions made by PT Esprite in the field of green economy and sustainable business practices. The results of the research show that PT Esprite Nomade has successfully implemented green economy in the aspects of design, production, packaging, and recycling. This implementation proves that businesses can bring innovative and sustainable solutions to reduce negative impacts on the environment. The results of this study are relevant to Presidential Regulation No. 98 of 2021 concerning the Implementation of Carbon Economic Value for Achieving Nationally Determined Contribution Targets and Controlling Greenhouse Gas Emissions in National Development. Thus, the application of green economy in this tent company provides a real example and is relevant to the government's efforts in achieving nationally set environmental targets. This research is expected to inspire other businesses to pay attention to the importance of green economy and implement sustainable practices in their operations. Thus, businesses in Indonesia and around the world can positively contribute to efforts to maintain environmental sustainability and build sustainable business resilience.

The Opportunity to Achieve Net Zero Emissions in Indonesia Through the Implementation of a Green Economy to Address Climate Change

This research discusses Indonesia's potential and challenges in implementing a green economy to achieve net zero emissions and address climate change. Global climate change poses a significant challenge to many countries, including Indonesia. To tackle this issue, implementing a green economy has been acknowledged as a practical approach to achieve substantial emission reductions and promote sustainable development. This research explores the potential of implementing a green economy in Indonesia to attain zero emissions and effectively address climate change. This research adopts a qualitative approach, utilizing a literature review, policy analysis, and case studies of green economy implementation in crucial sectors of the Indonesian economy. The analysis reveals that Indonesia possesses immense potential to adopt a green economy. However, several challenges hinder Indonesia's successful implementation of a green economy. This research provides valuable insights into Indonesia's potential, challenges, and efforts to achieve net zero Emissions. The Indonesian government has engaged in several collaborative partnerships involving various ministries of the Republic of Indonesia, domestic stakeholders, and international actors.Keywords: climate change; green economics; Indonesia; net zero emission

Penerapan Konsep Green Economy Dalam Pengembangan Wisata Berwawasan Lingkungan

Green Economy is one of the global strategies related to social, economic and environmental aspects, in the aspect of tourism development it will affect management aspects, both in terms of economy, society, politics and culture. This research is a type of qualitative descriptive research using a phenomenology approach and a case study approach. This research aims to provide solutions and references in the application of the concept of green economy in the development of eco-friendly tourism. Implementation of green economy with the 3R concept (Reuse, Reuse, Recycle) which is carried out in the Banyu Langit Lake natural tourism, namely in the development of the tour planting various types of plantation crops that can be used for gardening and as a shelter, a fishing spot with a large pond, and empowering the social aspect, residents can open places to eat by providing ready-to-use huts and built several stalls for residents to sell on site, and a large parking area. It is hoped that green economy activities with the 3R concept (Reuse, Reuse, Recycle) can be an alternative in environmental preservation, especially tourism to improve the community's economy.

Green Economy Evaluation of EOR Projects in Borneo Field: Case of CO2 Injection vs Chemical Injection

PT Borneo Petroleum Company (BPC) as one of the biggest oil and gas company in Indonesia is planning to perform Enhanced Oil Recovery in Borneo Field. It is considering performing chemical injection (CEOR) or CO2 injection. As CO2 injection requires bigger capital investment than CEOR, it becomes less favorable. However, as the campaign for Net Zero Emissions surges and the planning from the government to implement the carbon tax in Indonesia, the company must revisit the economic evaluation of the projects by introducing carbon tax in the calculation. This research uses capital budgeting techniques in evaluating the projects. It is also used to evaluate the impact of green economy implementation to the project valuation. It needs to show whether the projects are feasible with conventional capital budgeting and with green budgeting. The expected finding is that the economic value of CO2 injection will improve significantly and will make it more attractive than CEOR. This study assumes that the carbon tax applied in Indonesia is at US $ 5.25 per ton CO2-equivalent. The CO2 injected is constant at 8.5 MSm3/d. It is also assumed that BPC is adopting the same capital structure as its parent company. The emissions associated with the project is calculated as the function of production rates. The project’s profitability is based on the Net Present Value, Internal Rate of Return, Profitability Index, and Payback Period. Sensitivity analysis is also performed to explore the variables which give significant impact to the project valuation. Monte Carlo simulation is also performed to test all possible scenarios and its impact to the NPV. It is found that the impact of carbon tax is not significant to the economic value, in contrary the potential for additional incentive in terms of Result Based Payment for Carbon Capture Utilization and Storage has significant impact to the economic value of the project. The result is used to make decision on which EOR method to be applied which create more value to the company in terms of economic and sustainability.

The Role of Foreign Ownership in The Implementation of Green Economy in Hospitality Companies in Indonesia

The contribution of the tourism sector to the Indonesian economy is still less than 5%, even though this sector has a considerable multiplier effect. The Covid-19 pandemic has made this sector struggle to maintain its business. Green economy is an idea that is guided by people, planet, & profit and began to be discussed in various countries in the last period of time to realize sustainable business development. The purpose of this study is to evaluate the role of foreign ownership in moderating CSR activities and implementing green products in hospitality companies in Indonesia. Considering that foreign parties are more concerned about environmental issues and business sustainability. The research used was a quantitative method with a research sample of 38 hospitality companies listed on the Indonesia Stock Exchange in 2020 with moderated regression analysis. The results of this study show that foreign ownership is able to moderate CSR activities, but has not been able to moderate the implementation of green products on the value of hospitality industry companies in Indonesia. The results of this study can be taken into consideration for hospitality company management to formulate the right strategy to increase firm value.

SMES' FLIGHT TO DIGITAL AND GREEN ECONOMY: EVIDENCE FROM INDONESIA

This research aims to examine the impact of SMEs’ digital transformation on improving green economy implementation in Indonesia. This research will analyze how the influence of digitalization on SMEs on green economy implementation is getting stronger in SMEs that have access to financial services in Indonesia. This research will have implications on both theoretical and practical points of view regarding the importance of digital transformation in SMEs, the role of financial access, and green economy. The current research provides empirical evidence on the implementation of digital technology by Indonesian SMEs and the environmental issues that received renewed attention recently. The data in this study were collected using an interviewer-administered survey using google forms with the owners or managers of SMEs in the manufacturing, retail, and services sectors. The variables of interest in this study are the digital transformation of SMEs and green economy implementation. Furthermore, access to financial services is proposed as a moderating variable. In addition, the analytical method used in this quantitative study regression model and processed using STATA 17 software. This research shows that the digital transformation of SMEs helps improve green economy implementation in Indonesia.

Ward Hierarchical Clustering: Indonesia's Green Economy Implementation Performance based on Environmental Quality towards Sustainable Development Goals

Environmental issues have recently emerged as an essential topic of discussion on a global scale. Actions to protect and preserve the environment should be addressed, which causes several problems such as water and air pollution, soil degradation, forest destruction, and diversion of agricultural land. Economic goals are given higher priority than other goals, such as environmental and community goals, in national development strategies and programs. The "green economy" concept is a solution to the sustainable concept to overcome the abovechallenges. Thus, this paper attempts to build a sustainable economic model based on research from various scientific sources. The indicators presented in this paper can help advise regional policymakers to continue progressing and developing according tothe Sustainable Development Goals (SDGs) pillars. This study uses the Ward Hierarchical Clustering method. The first cluster is the provinces of Aceh, North Sumatra, and West Sumatra, which also interpret that the performance of implementing a green economy in related areas based on environmental quality is very good. The second cluster is East Java, South Sumatra, and South Sulawesi, which indicates that the performance of the implementation of a green economy in related areas based on environmental quality is quite good. Then the third cluster is West Java, which interprets that the performance of implementing a green economy in related areas based on environmental quality still needs attention from the local government. It is known that 97.06% of Indonesia's territory has implemented a green economy in related areas based on very good environmental quality.

The Green Economy and Decentralization of Natural Resources Management (DNRM) Policy in Indonesia under the International Law Framework: Quo Vadis?

The Green Economy, as the multilateral paradigm for national developments, emerges to counter an obsolete mindset of development. A green economy fosters a responsible long-term developmental attitude, emphasizing environmentally sustainable economic progress to foster low carbon and socially inclusive development. There must be a catalyzation of investment and innovation that will underpin sustained growth and give rise to new economic opportunities. Indonesia is obliged to implement green economy principles and mandates. However, on the national level, there is no specific regulation concerning implementing a Green economy. Since 1999, Indonesia has been implementing decentralization (regional autonomy). The natural resources management policy has been under the authority of regional governments. However, the decentralization has resulted only in the central government’s willingness to redistribute responsibilities but not willing to share decision-making authorities with the regional governments. This phenomenon could jeopardize the green economy implementation. Hitherto, there are a few kinds of literature discussing the implementation of a green economy and the rule of international law in Indonesia. Accordingly, this paper attempts to analyze implementing a green economy and decentralizing natural resources management policy in Indonesia. The doctrinal and comparative law methods will be employed in this research.

PENERAPAN PRODUK GREEN ECONOMY PADA PROGRAM WIRAUSAHA MUDA BERBASIS RAMAH LINGKUNGAN DI MAN 2 PANGANDARAN

The Green Economy Implementation Program in the Environmentally Friendly Young Entrepreneurs Program at MAN 2 Pangandaran is a community service program (PKM) through empowerment for students that aims to develop an entrepreneurial spirit for groups of students through environmentally friendly products. Environmental issues to date have become an important concern for the whole world along with the many problems that threaten the human environment such as global warming, depletion of the ozone layer, air, water and soil pollution. The importance of implementing the green economy as a form of awareness for students at MAN 2 Pangandaran is increasingly being carried out as a long-term program. Schools can be a comfortable and dynamic vehicle and system for students to develop good knowing, good filling, and good acting about environmentally friendly programs. This PKM program is carried out on MAN 2 Pangandaran students who have good potential and skills. The implementation method developed in this program is an extension and training method including technical training and non-technical training (knowledge transfer, skills transfer and technology transfer). The results of environmentally friendly products produced by students are flower pots made of towels, plates made of wood/rattan (hoe), photo figures and pencil cases. Keyword: Green Economy, Entrepreneurship, Environmentally Friendly Program

Strengthening the Role of the Young Generation as the Influencers to Accelerate the Implementation of Green Economy: A Co-Creation Value Perspective

The role of the green economy is very important, where the fulfillment of needs does not sacrifice the goals of sustainable consumption and production as well as resource efficiency. Indonesia has made a National Action Plan (RAN) to implement the 12th principle in the Sustainable Development Goals, known as Responsible Consumption and Production (RCP) aimed at improving production processes and consumption practices to reduce resource consumption, waste generation, and emissions throughout the life cycle of processes and products. RCP requires citizen involvement about community, increased awareness, willingness to pay, and environmental-friendly lifestyle. This research is intended to analyze the role of the Young Generation to become Influencers (through co-creation of values) so that they can encourage the implementation of good practices as green consumers. To gain insights on people’s willingness to participate in green economy, preliminary research has been conducted involving 229 respondents. A model was constructed to identify the antecedents of willingness to participate. The antecedents were Attitude, Perceived Behavioral Control and Behavior. Descriptively, the field findings can explain the behavior and willingness to participate of the younger generation in green economy practices. The findings of the preliminary research can be used as the basis for proposing a more predictive model using the role of influencers as a moderating variable that intervene in the influence of behavioral intention on willingness to participate. Keywords: Behavior, Willingness to participate, SDG, Influencers, Co-creation of Value.

Implementation of Green Economy Through Integrated Urban Farming as Family Economic Resilience During The Pandemic: Maqasid Sharia Perspective

Due to the corona virus's fall in different economic areas, many individuals have difficulties fulfilling their basic demands. Urban farming is one of the answers to food availability, and their primary concerns are food safety, food pricing, and stimulating the local economy. People cultivated short-lived crops in tiny pots or used the hydroponic method in their yards. Integrated urban farming is a type of green economic activity that adheres to maqasid sharia's maslahah aim. Field research is used to gather essential data. It is conducted on the site to be studied and supplemented with field data in the form of interviews. This study is descriptive, with an emphasis on analysis using a logical method. The green economy with integrated urban farming aims to improve the community's economic well-being and can help mitigate the risk of substantial environmental harm, including the pandemic's detrimental impact on macro and micro food security. It can be observed that the green economy concept can be integrated with the pure maqasid sharia values harmoniously.

Green economy post COVID-19: insights from Indonesia

ABSTRACT The COVID-19 pandemic has triggered a global economic crisis including in Indonesia, demonstrating the vulnerability of the country's economic structure. However, the crisis may offer an opportunity to “build back better” and transition to a greener economy. Using qualitative data analysis, this study aims to analyse contemporary issues on green economy implementation in Indonesia. The authors found that transitioning to a green economy has been included in the national constitution and the 2020–2024 development plan. However, the economic recovery program does little to address environmental issues, demonstrating a lack of consistency between planning and implementation despite the pandemic. The country's economy still heavily depends on extractive sectors and primary commodities that negatively affect the environment. The opportunity to strengthen the green economy, which included the infusion of a sizeable government stimulus, was not fully utilized. This study suggests several policy options to promote green-economy transition including attracting green investment to Indonesia, switching from primary to secondary and tertiary commodities, suspending incentives for the extractive sectors and coal-fired power plants, and maintaining policy and regulation consistency related to the green economy.

Green economy implementation in Ghana as a road map for a sustainable development drive: A review

Green economy development strategies and the transition from conventional economic development models to green economy has become necessary due to the negative impact of conventional economic development models on the local and global environment. Despite Ghana's effort to transition to green economy that is made evident by the implementation of a number of green economy related policies and strategies, the country is yet to record any significant achievement in that regard. This study therefore used the SWOT analytical tool to access the strengths, weaknesses, opportunities, threats of Ghana's green economy transformation efforts. The results revealed that the country's geographical location, environmental policies, potential for green energy mix, a young and dynamic population, the country's effort to reduce poverty levels and illiteracy rates are the main strengths. However, factors such as weak institutions, inadequate funding for green technologies innovations, inadequate long term policies for green strategies and inadequate political will are some key weaknesses. The study further found commercial interests in driving the development and transfer of green technology, cross-border collaborations and global attention to climate change, local and international support for green economy, awareness and understanding of environmental protection as some of the major opportunities. Inadequate commitment to support technology development and transfer, cost of green technologies, increasing threat of climate change and corruption were identified as threats to Ghana's effort to green its economy. In conclusion, it is imperative that policy makers develop strategies that can help take advantage of the strengths and opportunities while serving as solutions to the weakness and threats. Among other things, it is important for policy makers to prioritize science and technology education to support green economy development.

Contribution of green infrastructure to the implementation of green economy in the context of sustainable development

AbstractThe green term, as the concurrence of opinion between infrastructure and economy, has the ability to integrate natural resources and environmental services into the national income and wealth account. However, the mutual effects of green infrastructure (GI) and green economy (GE) are not always clear. This study aims to develop the influences of GI criteria into the implementation of GE in the context of sustainable development (SD) through using novel hybrid methods: the decision‐making trial and evaluation laboratory (DEMATEL) method was used to examine the efficiency and interrelationship among GI criteria; the analytical network process (ANP) was used to prioritize GI criteria based on their influences on three GE indicators; and the remaining two stages applied the hybridization and integration methods, with MATLAB software, to finalize the results. Results from the hybridization method showed that the weights of the GI criteria differed based on three GE indicators. Affordability is a prime GI criteria at 61% based on the socio‐economic indicator. However, this prime weight was at 43% based on the eco‐environment indicator, and at 32% based on resource efficiency plus 31% based on socio‐environment indicator. The final results were finalized with integration method, which demonstrated the contribution GI criteria made to GE implementation. The highest weight percentages appertained to affordability (61%) and resource efficiency (21%), while the minority weight of 18% went to the rest of the GI criteria. Primarily, the affordability and resource efficiency categories were found to empower green infrastructure for the implementation of green economy in the SD context.

Towards a green modernization development discourse: the new green revolution in Africa

<p>Since the Rio+20 conference, 'greening' economies and growth has been key in international politics. Leading policy actors and businesses frame the emerging green economy as an opportunity to realize a triple-bottom line – people, planet and profit – and support sustainable development. In practice, two key trends stand out: in the global North, the main component of the green shift seems to imply technological and market-based solutions in the renewable energy sector. While this is also important in the global South, here green economy implementation is often interpreted as environmental protection along with modernization of, and shifts in access to and control over, natural resources ('green sectors'). In the case of the latter, combined with persisting high rates of poverty, we claim that the post-Rio+20 context has revitalized a 'green' version of <em>modernization </em>to become the leading discourse and approach within international development; namely <em>green modernization. </em>A wide range of development initiatives across the global South – with significant support from international businesses amidst a general private turn of aid – are framed in this light. We use the new, Green Revolution in Africa to illustrate how modernization discourses are reasserted under the green economy. What is new at the current conjuncture is the way in which powerful actors adopt and promote green narratives around long-standing modernization ideas. They recast the modernization trope as 'green.' In particular, we focus our discussion on three linked components; technology and 'productivism', the role of capital and 'underutilized' resources, and, lastly, mobility of land and people.</p><p><strong>Keywords:</strong> green economy; green modernization; the new Green Revolution in Africa; agri-business; climate smart agriculture; development discourse</p>