Mengarahkan Transisi Hijau: Interaksi Tata Kelola Pemerintahan, Efektivitas Keuangan Hijau, dan Transformasi Struktural di Negara Berkembang
グリーン・トランジションの方向性：途上国における政府統治、グリーンファイナンスの有効性、構造的変革の相互作用 (AI 翻訳)
null Fauzan Sinatra, null R Fawwaz Zaidan Pradipa, null I Putu Wedana, null Muhammad Fadhil Kasmuddin, null Arina Romaina, null Ardieansyah Ardieansyah, null Luthfi Azhari
🤖 gxceed AI 要約
日本語
本稿は開発経済学の文脈で、グリーンファイナンスと政府統治の相互作用を批判的に分析する。グリーンファイナンスの有効性パラドックス（急増する資金流動にもかかわらず効果が疑問視される現象）を特定し、グリーンウォッシングや長期的移行戦略の欠如が原因だと指摘する。新たなGG-GF-GST概念モデルを提案し、インドネシアの事例から政策コミットメントと実行能力の乖離を明らかにする。
English
This paper critically analyzes the interaction between green finance and government governance in development economics. It identifies a 'green finance effectiveness paradox' where rapidly increasing green finance flows show questionable impact due to greenwashing and lack of comprehensive transition strategies. The authors propose a conceptual GG-GF-GST model and use an Indonesian case study to highlight a gap between policy commitment and implementation capability.
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
本稿は新興国におけるグリーンファイナンスの有効性とガバナンスの相互作用を分析しており、日本のトランジションファイナンスやグリーンボンド投資において重要な示唆を提供する。特にインドネシアのケースは東南アジアでの投資リスク評価に有用である。
In the global GX context
This paper contributes to the global debate on green finance effectiveness and greenwashing, offering a framework integrating governance into climate finance analysis. It complements ISSB and TCFD disclosures by emphasizing institutional factors necessary for credible transition finance.
👥 読者別の含意
🔬研究者:This paper provides a systematic review and a conceptual model that can inform future empirical work on green finance effectiveness and governance quality.
🏢実務担当者:The findings highlight the importance of assessing institutional governance when designing green finance strategies in emerging markets, useful for due diligence and risk management.
🏛政策担当者:The paper underscores the need for comprehensive long-term transition strategies to complement financial instruments, relevant for regulators and development banks.
📄 Abstract（原文）
This article aims to critically analyze the interaction between green finance (GF) and green government (GG) in the context of development economics. The main focus is to evaluate how the quality of institutional governance moderates the effectiveness of green finance flows in achieving a sustainable transition. Based on this analysis, this research proposes a new conceptual model. This study uses a Systematic Literature Review (SLR) methodology on Scopus and Sinta-indexed scientific articles, as well as reputable institutional reports (OECD, World Bank, IFC) within the 2020-2025 timeframe. This approach is combined with theoretical model development to synthesize findings. The review identifies a "green finance effectiveness paradox." Although global GF capital flows have rapidly increased (reaching $8.2 trillion in 2024), their effectiveness in emerging markets (EMDEs) is questionable. Evidence shows significant greenwashing risks, where the issuance of instruments like green bonds is not always followed by emission reductions (AMRO, 2025). The review finds the root cause to be institutional; the biggest barrier for private investors is the absence of a comprehensive long-term transition strategy from the government (IFC, 2023). Empirical evidence (Bakry et al., 2023; Zhang et al., 2024) confirms that governance quality (e.g., government integrity, regulatory strength) is a significant determinant of environmental outcomes, indicating its role as a moderating variable. The Indonesian case study highlights a critical implementation gap: policy 'Commitment' (e.g., Green Taxonomy, POJK) is high, but implementation 'Capability' (especially for reaching MSMEs) remains very low (Paramita, 2025). The main contribution of this article is the development of the GG-GF-GST conceptual model. This model frames Green Governance (GG) operationalized through three pillars: Commitment, Capability, and Consensusas a fundamental moderating mechanism that filters (reduces greenwashing) and strengthens (increases effectiveness) Green Finance (GF) flows to achieve the ultimate goal of development economics, namely Green Structural Transformation (GST).
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.55606/jimak.v5i1.5917first seen 2026-05-14 21:35:10
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