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View all search resultsThe government is speeding up efforts to issue a regulation on carbon trading as part of Indonesia’s commitment to reducing global greenhouse gas emissions. The government has spent the last year preparing the emission-trading system for the future domestic carbon market, the Environment and Forestry Minister Siti Nurbaya Bakar said.
Islamic finance and green finance are a natural fit, considering that Islam, the religion behind Islamic finance, emphasizes how humans on earth are born as trustees and stewards (khalifah) and that they must respect nature and all forms of life.
The government has tapped into the global sukuk (Islamic bonds) market, recently issuing green sukuk worth US$ 750 million with a five-and-a-half-year maturity period and a 10-year tenor of $1.25 billion regular sukuk, both of which were oversubscribed.
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