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Green Bond: Financing Alternative for UCO Based Biodiesel Industry Wirawan, Dimas Andi; Sari, Ira Febriana
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 2 (2023): September 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i2.43272

Abstract

Along with the growing demand of biodiesel, the unlocking potential for using Used cooking oil (UCO) as feedstock, and the abundant amount of UCO, make their utilization becomes relevant. However, such efforts were constrained by economic scales issue, due to supply chain and financing problems. This paper aims to provide references regarding the feasibilty of UCO-based biodiesel project and its financing schemes through green bond. The main focus of this paper's discussion includes project feasibility, business model, and analysis of green bond issuance in financing the industry. The study was carried out by performing integrative literature review method on project feasibility studies in several countries, business model performed in several region, as well as framework and regulation regarding green bonds in Indonesia. Based on the analysis, it can be concluded that the UCO-based biodiesel project is financially and economically feasible to be scaled up. Subseuently, the business model of this industry is fulfilling the green criteria and is eligible to be financed through green bond. Future study regarding the spatial mapping and technical assessment upon the transformation of existing facilities into UCO based biodiesel plants is immensely prominent.
Two Decades of Fiscal Decentralization: Economic Convergence and Regional Disparity. Sari, Ira Febriana
Eduvest - Journal of Universal Studies Vol. 5 No. 5 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i5.51118

Abstract

Fiscal decentralization in Indonesia has granted substantial authority to regional governments in managing local expenditures, with the expectation of promoting equitable development and economic convergence. However, questions remain regarding the effectiveness of government spending in reducing regional disparities. This study aims to examine the impact of government expenditure and other contributing factors—namely education, fixed capital supply, and the Human Development Index (HDI)—on economic convergence and inequality reduction across Indonesia’s 34 provinces from 2010 to 2019. The research investigates whether these variables contribute to narrowing the development gap using a panel data analysis and the Generalized Method of Moments (GMM) approach. The findings show that government spending positively and significantly supports economic convergence and reduces interregional inequality. However, the effects of education and the Human Development Index are found to be statistically insignificant in reducing disparities. This result may be attributed to persistent inequality in education access and the low educational attainment of much of the Indonesian workforce. These findings suggest that while fiscal policy can drive convergence, complementary policies are required to enhance education quality and accessibility to ensure more inclusive regional development.