Legal transplantation of blue bond regulation in Indonesia

IF 4.7 2区环境科学与生态学 Q2 ENVIRONMENTAL SCIENCES

Environmental Development Pub Date : 2024-11-23 DOI:10.1016/j.envdev.2024.101118

Budi Endarto , Dwi Elok Indriastuty , Fitra Mardiana

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Abstract

As one of the largest archipelagic states in the world, Indonesia has a maritime economic potential of IDR 2026 trillion divided into coastal (IDR 650 trillion), biotechnology IDR (480 trillion), fisheries (IDR 380 trillion), petroleum (IDR 252 trillion), marine transportation (IDR 240 trillion), and marine tourism (IDR 24 trillion). However, it does not yet have a special and specific financing instrument oriented toward the development of its marine economy. The purpose of this study was to identify a blue bond regulatory model as an instrument for developing the blue economy in Indonesia. The study method employed is normative-exploratory legal research, which combines statutory, conceptual, and comparative approaches. Using several models of legal development, namely unification, harmonization, and transplantation, revealed the right model for regulating blue bonds in Indonesia. The results indicate that the development of legal arrangements in Indonesia, as stated in the National Long-Term Development Plan (RPJPN) 2025–2045 oriented towards realizing economic transformation to increase the productivity of the blue economy will be a future economic booster in line with its role as the world's maritime axis. Thus, legal transplantation of the Blue Economy Act and SEC Memorandum Circular No. 15, Series of 2023, Guidelines on Eligible Blue Projects and Activities for the Issuance of Blue Bonds in the Philippines is an effective step that can be taken in Indonesia.

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印尼蓝债监管的法律移植

作为世界上最大的群岛国家之一，印度尼西亚拥有2026万亿印尼盾的海洋经济潜力，分为沿海（650万亿印尼盾）、生物技术（480万亿印尼盾）、渔业（380万亿印尼盾）、石油（252万亿印尼盾）、海洋运输（240万亿印尼盾）和海洋旅游（24万亿印尼盾）。然而，它还没有一个专门的和具体的面向其海洋经济发展的融资工具。本研究的目的是确定蓝色债券监管模式，作为发展印度尼西亚蓝色经济的工具。本文采用的研究方法是规范-探索性法律研究，结合了成文法、概念法和比较法。运用统一、协调、移植等几种法律发展模式，揭示了印尼蓝色债券监管的正确模式。研究结果表明，印尼在2025-2045年国家长期发展计划（RPJPN）中所述的法律安排的发展，旨在实现经济转型，提高蓝色经济的生产力，将成为未来经济的助推器，与其作为世界海洋轴的角色相一致。因此，《蓝色经济法》和美国证券交易委员会2023年第15号备忘录通告系列《菲律宾发行蓝色债券的合格蓝色项目和活动指南》的法律移植是印度尼西亚可以采取的有效步骤。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Environmental Development Social Sciences-Geography, Planning and Development

CiteScore

8.40

自引率

1.90%

发文量

审稿时长

74 days

期刊介绍： Environmental Development provides a future oriented, pro-active, authoritative source of information and learning for researchers, postgraduate students, policymakers, and managers, and bridges the gap between fundamental research and the application in management and policy practices. It stimulates the exchange and coupling of traditional scientific knowledge on the environment, with the experiential knowledge among decision makers and other stakeholders and also connects natural sciences and social and behavioral sciences. Environmental Development includes and promotes scientific work from the non-western world, and also strengthens the collaboration between the developed and developing world. Further it links environmental research to broader issues of economic and social-cultural developments, and is intended to shorten the delays between research and publication, while ensuring thorough peer review. Environmental Development also creates a forum for transnational communication, discussion and global action. Environmental Development is open to a broad range of disciplines and authors. The journal welcomes, in particular, contributions from a younger generation of researchers, and papers expanding the frontiers of environmental sciences, pointing at new directions and innovative answers. All submissions to Environmental Development are reviewed using the general criteria of quality, originality, precision, importance of topic and insights, clarity of exposition, which are in keeping with the journal''s aims and scope.