Green Economy for Sustainable Development in Indonesia: A Bibliographic Analysis Study

Ning Wijayanti; Kukuh Trisnafi

doi:10.70062/incoils.v5i1.367

Authors

Ning Wijayanti UIN Sayyid Ali Rahmatullah Tulungagung
Kukuh Trisnafi PT. Bank Negara Indonesia, East Java, Indonesia

DOI:

https://doi.org/10.70062/incoils.v5i1.367

Keywords:

Green Economy, Green Finance, Bibliographic Analysis, Sustainable Development

Abstract

This study analyzes the implementation of a green economy and sustainable economy in Indonesia through a qualitative bibliographic approach reviewing literature published between 2017 and 2025. The study identifies trends in policy direction, green financing, and challenges in Indonesia’s transition toward a green economy. Using bibliometric analysis, the study highlights the role of sustainable financial instruments such as green sukuk in supporting environmentally friendly projects and reducing carbon emissions. Findings indicate that despite progressive pro-environmental policies, key obstacles continue to emerge in the form of weak inter-agency coordination, law enforcement gaps, and limited financing accessibility. Beyond empirical insights, this study provides theoretical contributions derived from bibliographic patterns, showing that Energy Transition Theory is strengthened through evidence that Indonesia's transition depends not only on technology but also on multi-sector collaboration; Sustainable Finance Theory is reinforced by the strategic role of green sukuk as an effective financing mechanism for developing countries; and Good Governance Theory is enriched by findings that highlight the centrality of institutional coordination and public participation in ensuring effective environmental governance. These theoretical contributions reveal that the evolution of green economy research in Indonesia is increasingly oriented toward multi-sectoral integration, cross-stakeholder collaboration, and sustainable policy frameworks. The study’s contribution lies in offering conceptual reinforcement for the development of more integrative, adaptive, and evidence-based policies aligned with Indonesia’s sustainable development agenda.

Author Biography

Ning Wijayanti, UIN Sayyid Ali Rahmatullah Tulungagung

This study analyzes the implementation of a green economy and sustainable economy in Indonesia through a qualitative bibliographic approach reviewing literature published between 2017 and 2025. The study identifies trends in policy direction, green financing, and challenges in Indonesia’s transition toward a green economy. Using bibliometric analysis, the study highlights the role of sustainable financial instruments such as green sukuk in supporting environmentally friendly projects and reducing carbon emissions. Findings indicate that despite progressive pro-environmental policies, key obstacles continue to emerge in the form of weak inter-agency coordination, law enforcement gaps, and limited financing accessibility. Beyond empirical insights, this study provides theoretical contributions derived from bibliographic patterns, showing that Energy Transition Theory is strengthened through evidence that Indonesia's transition depends not only on technology but also on multi-sector collaboration; Sustainable Finance Theory is reinforced by the strategic role of green sukuk as an effective financing mechanism for developing countries; and Good Governance Theory is enriched by findings that highlight the centrality of institutional coordination and public participation in ensuring effective environmental governance. These theoretical contributions reveal that the evolution of green economy research in Indonesia is increasingly oriented toward multi-sectoral integration, cross-stakeholder collaboration, and sustainable policy frameworks. The study’s contribution lies in offering conceptual reinforcement for the development of more integrative, adaptive, and evidence-based policies aligned with Indonesia’s sustainable development agenda.

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