THE ROLE OF GREEN BONDS AND SUSTAINABLE FINANCE IN ACCELERATING CIRCULAR ECONOMY TRANSITION
グリーンボンドとサステナブルファイナンスが循環経済移行を加速する役割 (AI 翻訳)
Fikri Reza Azhari, Rifa' Sri Nur Fauziah, null Dewangga, Aan Yuli
🤖 gxceed AI 要約
日本語
本論文は、グリーンボンドとサステナブルファイナンスが循環経済への移行を加速する役割を、インドネシアを事例に文献レビューと記述分析で検討する。グリーンボンドは環境プロジェクトへの資金提供、ESGスコア向上、資本コスト低減に寄与するが、グリーンウォッシングや適格プロジェクト不足などの障壁も指摘する。政策枠組みの強化とマルチステークホルダー連携の必要性を強調する。
English
This paper examines the role of green bonds and sustainable finance in accelerating the circular economy transition, using Indonesia as a case study through systematic literature review and descriptive analysis. It finds that green bonds support environmentally friendly projects, improve ESG scores, and reduce capital costs, but face barriers like greenwashing and limited viable projects. The study calls for stronger policy frameworks and multi-stakeholder collaboration.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本では、グリーンボンド市場が拡大しており、循環経済への関心も高まっている。本論文はインドネシアを対象とするが、グリーンボンドの課題（グリーンウォッシング、プロジェクト不足）は日本でも共通するため、政策立案や投資家対応の参考になる。
In the global GX context
This paper contributes to the global discourse on sustainable finance and circular economy, highlighting practical barriers such as greenwashing and project feasibility. While focused on Indonesia, its findings resonate with challenges in emerging and developed markets alike, offering insights for policymakers and investors seeking to align green bond frameworks with circular economy goals.
👥 読者別の含意
🔬研究者:Provides a literature-based overview of green bonds and circular economy linkages, useful for framing future empirical studies.
🏢実務担当者:Highlights barriers and enablers for green bond issuance in circular projects, relevant for corporate sustainability teams.
🏛政策担当者:Emphasizes the need for policy frameworks and fiscal incentives to support green finance for circular economy, applicable to regulatory design.
📄 Abstract（原文）
Green bonds and sustainable finance are increasingly recognized as strategic instruments in supporting the green development agenda and accelerating the transition to a circular economy. The circular economy, which relies on the principles of refuce, reuse, and recycle, demands fundamental changes in production and consumption models, and requires financing support that is not only economically sustainable, but also environmentally and socially friendly. The global climate crisis, environmental degradation, and uncontrolled exploitation of natural resources have driven the emergence of circular economy as an alternative paradigm of sustainable development. Circular economy emphasizes the principles of waste reduction, reuse, and recycling to extend the life cycle of materials and reduce pressure on the environment. However, the implementation of circular economy in Indonesia faces major challenges, especially related to the need for long-term financing for business model transformation, technological innovation, and green infrastructure development. This study aims to examine in depth the role of green bonds and sustainable finance in accelerating the transition to a circular economy. The method used is a systematic literature study and descriptive analysis of secondary data from regulatory agencies, corporations, and international organizations. The results of the study show that green bonds play an important role as a financing instrument that supports environmentally friendly projects, as well as being able to improve ESG scores, strengthen corporate reputation, and reduce the cost of capital. In addition, the wider application of sustainable finance through the integration of ESG principles can strengthen investment governance and promote structural transformation towards a regenerative economic system. However, this study also found that there are still barriers such as greenwashing, limited feasible circular projects to finance, and low green finance literacy among market participants. Therefore, strengthening the policy framework, developing fiscal incentives, and multi-stakeholder collaboration are needed to create a green finance ecosystem that supports the acceleration of an inclusive and sustainable circular economy.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.32424/icsema.1.1.255first seen 2026-05-05 19:06:54
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