Articles

Utilization of Blockchain and the Roles of Banks in Indonesia in Tackling Environmental Challenges: A Qualitative Research

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This dissertation investigates the readiness of the blockchain technology to be utilized in the upcoming Indonesia’s Emissions Trading Scheme, also the roles of banks and digital banks in the ETS using PESTEL analysis. The study found that Indonesia still lacks the infrastructure to implement the blockchain technology, while banks in Indonesia has huge roles in the scheme including preparing the infrastructure. With a large and growing population, Indonesia has the potential to develop the human resources necessary for blockchain development. However, finding skilled programmers remains difficult. The relationship between blockchain and the environment is also examined, with experts debating its potential benefits and drawbacks. In addition, the thesis analyzes Indonesia’s efforts to mitigate and adapt to climate change, including its participation in international agreements and infrastructure improvements. Finally, the thesis considers the role of financial institutions in promoting emissions trading and the challenges they face in doing so. Overall, the thesis highlights the complex and interconnected factors that influence the adoption and development of blockchain technology in Indonesia.

China’s Growing Influence in the Pacific Islands and Its Implications on Climate Change

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The geostrategic value of the Pacific region has started to gain momentum for the first time since the end of World War II. The region is consisting of Melanesia, Micronesia, Polynesia, and Australasia. The center of global geostrategic fulcrum has moved to the Asia-Pacific with China’s growing strategic and economic interest in the region. Pacific Island nations that consider themselves on the front lines of climate change had hoped the U.S. and other regional powers like Australia would stay committed to the global deal to cut emissions and help populations confront the rising seas around them. But they didn’t and as a result the island nations turned towards China, as Beijing has vowed to stay in the Paris Climate Agreement. The paper has dealt with the change in power play in the region on the perspective of climate change and has focused on the future of the regional equation with China.