ersification of Climate Finance Instrument In the Perspective of Government Financing : Empirical Study 2007 – 2019 from Indonesia

Climate financing required a large scale of resources and The Government of
Indonesia has taken initiatives on this issue since 2007. However, take into
consideration that contribution from climate private finance has not shown
encouraging results yet lead the Government of Indonesia to find alternate efforts. This research is intended to identify the diversification of instruments for climate finance through government financing in the scope of Public Financial Management. This study concentrates on the 13 years of experience in government financing for climate change since 2007 – 2019. The research data were collected through document review and interviews with the Ministry of Finance. The analysis using qualitative and simple quantitative approach. The results found that climate finance instrument from government financing for climate change has been progressively varied from year to year. Sharia Government Securities(SBSN) and Sovereign Sharia Securities (Green Sukuk) are the innovative climate government financing instruments. Hence, this evidence contribute to adds on the traditional government financing instruments and proved can be as a catalyst for leveraging private climate finance