GREEN BANKING ENHANCING BANKING ROLE TO SUPPORT SUSTAINABLE DEVELOPMENT
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1 GREEN BANKING ENHANCING BANKING ROLE TO SUPPORT SUSTAINABLE DEVELOPMENT
2 POLICY BACKGROUND 2 Global issues: 1. Financial crisis 2. Energy Crisis 3. Food Crisis 4. Poverty 5. Global warming Global economic slowdown Increasing unemployment High cost financial crisis treatment Increasing global warming impact National Issues: Real sectors 1. Declining export growth 2. Food security: imports of basic foodstuffs 3. Energy security: net imported oil, oil and electricity subsidize, fossil fuel domination 4. Global warming crops production, flood, healthcare, biodiversity Monetary Issues Threatening monetary stability Declining national economic growth Threatening sustainable economic growth 1. High interest rates 2. Consumer loans domination 3. Limited in financial access 4. Low concern/involvement of banking in climate change finance
3 BOTTOM LINE: SHIFTING OF DEVELOPMENT PARADIGM 3 OLD PARADIGM (Greedy Economy) - High economic growth but sacrifice natural resources and social responsibility - Heavy debt economy public and private NEW PARADIGM (Green Economy) - Balance of 3 P (People-Profit-Planet) - Economic participation (profit/loss sharing)
4 CENTRAL BANK STRATEGY OPTION Government Support TOP DOWN LEGAL ENFORCEMENT BEYOND COMPLIANCE INCENTIVES /beyond compliance BOTTOM UP Potential International Support Banking association Involvement COMPLIANCE Banking readiness Industrial maturity
5 GREEN BANKING The role of bank as a financial intermediary is still very large and has potential important role to change economic development becomes more green and responsible. Elements of green banking: green in finance and its operation, comply with regulation and implement prudential banking principles. Bank Indonesia focus on increasing green finance portfolio 5
6 Bank Indonesia Policy related to Green Financing 6 BI Mission: To achieve and maintain rupiah stability by maintaining monetary stability and financial stability for supporting sustainable economic development Sustainable economic development : pro growth, pro job, pro poor, pro environment. Bank Indonesia regulations: 1. Bank should consider environment protection in assessing asset quality (PBI No. 14/15/PBI/2012) 2. Bank should increase productive loans and access loan for SME PBI (No.14/26/PBI/2012 and PBI No.14/22/PBI/2012) Green Lending Model, 2013 Environment aspect in asset quality SME Productive loan
7 GREEN BANKING POLICY IMPLEMENTATION 7 MOU Bank Indonesia Ministry of Environment Capacity Building for banks and bank supervisor Development Green Lending Model Actively in coordination forum with ministries, green banking working group, international org/initiatives Preparing Green Banking Regulation Bazaar Intermediation Green Financing* Green Banking Information Hub* Green Banking Awards* * Not implement yet
8 WHAT NEXT Latest green finance research (BI-DIE Germany) 2013 Green Finance is regarded as a promising business area Need for regulation to have equal of playing field in green financing Need for capacity building and public awareness Need for government incentives (e.g. taxes, soft loan and credit guarantee scheme) Steps by steps green banking implementation Handover green banking regulation from BI to OJK (Indonesia Financial Supervisory Authority) Continue to enhance bank capacity on environmental risk management and increase green financing portfolio. THANK YOU
9 EDI SETIJAWAN, SE.MDM Deputy Director Head of Indonesia Banking Architecture Division-Banking Research Group Banking Research and Regulation Department Bank Indonesia Jl.MH Thamrin No.2 Jakarta 10350, Indonesia Phone DISCLAIMER NOTE: The information contained in this ppt presentation is presented author view and do not constitute official document or views of Bank Indonesia. Any review, retransmission, dissemination, copying or other use of, or taking any action in reliance upon the information contained in this presentation by persons or entities must have permission from author. Thank you
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