JAKARTA: The Indonesian government is developing a range of fiscal and financial instruments linked to climate change such as green bonds and sukuk, according to Finance Minister Sri Mulyani Indrawati.The minister emphasised today that US$5 billion in global sukuk green bonds and 21.8 trillion rupiah (US$1.4 billion) in domestic green sukuk have been issued since 2018 to reduce emissions.“These financial instruments played a pivotal role in the reduction of emissions, witnessing a decline from 5.7 million tonnes of carbon dioxide (CO2) in 2018 to 222,647 tonnes in 2022,” she said at the World Bank dialogue on Climate Change and Indonesia’s Future, here.Indonesia has also engaged in integrate
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