CBI_IndBarriers_01.indd

This guide by the Climate Bonds Initiative analyzes the Indonesian green bond market, identifying it as the largest in ASEAN. It details significant barriers to growth, including high currency hedging costs, market illiquidity, low international credit ratings, and a lack of bankable green projects. The document proposes a roadmap of solutions involving government subsidies, regulatory reforms (such as allowing English Law for bonds), and the use of blended finance and credit enhancements from Multilateral Development Banks to attract international investors.

• Indonesia's green bond market is the largest in the ASEAN region, accounting for 39% of total ASEAN issuance with a total of USD 2.7bn as of April 2019. The country became the fifth nation globally to issue a sovereign green bond and the first to use the sukuk (Islamic bond) format, with a USD 1.25bn green sukuk issued in March 2018.

APA

Climate Bonds Initiative (n.d.). CBI_IndBarriers_01.indd. https://www.climatebonds.net/files/documents/publications/Unlocking-green-bonds-in-Indonesia-a-guide-for-issuers-regulators-and-investors.pdf

Chicago

Climate Bonds Initiative. CBI_IndBarriers_01.indd. n.d. https://www.climatebonds.net/files/documents/publications/Unlocking-green-bonds-in-Indonesia-a-guide-for-issuers-regulators-and-investors.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=CBI_IndBarriers_01.indd |url=https://www.climatebonds.net/files/documents/publications/Unlocking-green-bonds-in-Indonesia-a-guide-for-issuers-regulators-and-investors.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendcbiindbarriers01indd, author = {{Climate Bonds Initiative}}, title = {{CBI\_IndBarriers\_01.indd}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/documents/publications/Unlocking-green-bonds-in-Indonesia-a-guide-for-issuers-regulators-and-investors.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }