Asian Legal Reform Journal

Balancing Economic Growth and Environmental Sustainability: An Analysis of the Challenges and Opportunities of Green Financing in Indonesia

Dindafitria Satriana, Nasywa Ananda, Nashifa Tsarwa (Author) — Sat, 02 Nov 2024 00:00:00 +0700

This article aims to analyze the challenges and opportunities of Green Financing in balancing economic growth and environmental sustainability in Indonesia. Green financing is recognized as a solution to address environmental issues and promote sustainable economic growth. However, Indonesia still faces significant challenges in implementing Green Financing. To support the development of Green Financing, the government plays a crucial role through strengthening regulations, developing green economy markets, and collaborating with financial institutions. This research employs a normative legal research method using a literature review of relevant regulations, such as Law Number 32 of 2009 on Environmental Protection and Management ("UU PPLH") and Financial Services Authority Regulation Number 51/POJK.03/2017 on the Implementation of Sustainable Finance for Financial Services Institutions, Emitters and Public Companies ("POJK on Sustainable Finance").

Optimalisasi Pelaksanaan Tanggung Jawab Sosial dan Lingkungan di Indonesia Melalui Pembentukan UU dan Badan Pengawasan

Rico Lim (Author) — Fri, 01 Nov 2024 00:00:00 +0700

Corporate Social Responsibility (CSR) in Indonesia has the characteristic of an obligation that must be carried out by a company. These obligations have been mandated through Company Law 40/2017 and Government Regulation 47/2012 concerning Corporate Social Responsibilities of Companies as the main regulation. However, this study found that the regulation of CSR in Indonesia still has weaknesses as a result of its incomplete and comprehensive regulation. The method used in this study is normative juridical by studying laws and regulations and various literature. The results of this study will present an analysis of the weaknesses of CSR, as well as solutions in the form of legal reconstruction regarding sanction arrangements, criteria for companies that are required to carry out CSR, standardization of minimum corporate expenditure limits, and the establishment of a supervisory entity to support the ecosystem of CSR implementation in Indonesia.

Pengaruh Pembajakan Film Terhadap Kesejahteraan Ekonomi Pencipta dan Pemegang Hak Cipta Film di Indonesia

Khaira Aliya Maleeka (Author) — Sat, 02 Nov 2024 00:00:00 +0700

Movie piracy has become a serious issue that can threaten economic losses of movie creators and copyright holders. These economic losses occur because movie piracy can lead to a decline in a movie’s revenue as a result of a reduced number of views. The number of movie viewers is a key factor in determining the economic well-being of movie creators and copyright holders.This article aims to analyze whether movie piracy affects the economic well- being of movie creators and copyright holders in Indonesia, and to analyze the ideal legal protection to avoid film piracy to achieve the economic well-being of movie creators and copyright holders in Indonesia. The research method used is empirical judicial research with a sociological approach, and normative research employing a comparative approach with Singapore. Through this method, the result obtained is that movie piracy can affect the economic well-being of movie creators and copyright holders in Indonesia. Furthermore,
Indonesia could enhance its legal protection from movie piracy by evaluating its copyright law enforcement through comparison with the Singapore Copyright Act 2021 based on the “IIPA 2024 Special 301 Report On Copyright Protection and Enforcement”.

Safeguarding Digital Artistry: Protecting Digital Artists' Welfare and Intellectual Property Rights Amidst The Artificial Intelligence Revolution

Putri Widhyastiti Prasetiyo, Syabilla Himaningtyas Sudarpo (Author) — Sat, 02 Nov 2024 17:58:57 +0700

The rise of freelance work, particularly in digital art, has been accelerated by technological advancements, with the market value of digital art projected to grow significantly. However, the proliferation of artificial intelligence (AI) in art has introduced new challenges, including the exploitation of artists' work and threats to their intellectual property rights, as evidenced by recent controversies involving AI generative image technologies. This research employs a qualitative approach to explore the current legal landscape in Indonesia regarding digital art copyright and AI regulations, highlighting significant gaps and the urgent need for reform. The study underscores that existing laws fail to adequately address the complexities introduced by AI, leaving artists vulnerable to intellectual property theft and income instability. It concludes that comprehensive legislative updates, including the establishment of a National Data and AI Ethics Council and improved protections for freelance workers, are crucial for safeguarding digital artists and harnessing AI's potential to benefit the creative economy.

Implementation of Corporate Social and Environmental Responsibilities (CESR) in Realizing Sustainable Development Goals in Indonesia

Nazwa Adlina Nasution, Maharani Putri (Author) — Sat, 02 Nov 2024 00:00:00 +0700

Sustainable development is one of the goals Indonesia wants to achieve. With a target to achieve this goal by 2030, the government is trying to accelerate the implementation of various programs that support these goals. One of which is by implementing Corporate Environmental and Social Responsibility (CESR) in companies operating in Indonesia. This article discusses the performance of CESR done by enterprises in pursuing the goal of sustainable development. Built upon environmental, social, and economic aspects, this article also studies the affinity between CESR and Sustainable Development Goals (SDGs) through literature analysis. The purpose of this writing stands to explain how CESR is executed by enterprises through explaining the aspects of sustainable development.

Uncharted Wealth and Risks: Legal Analysis of Deep-Sea Mining for Economic and Social Welfare

Breanna Mariella P., Rena Elvaretta Suryatantra, Marcyntha Nugranti L. (Author) — Sat, 02 Nov 2024 00:00:00 +0700

Indonesia has the potential to become an economic powerhouse, with rich resources on land and at sea. The country's marine coastline is rich in natural resources such as minerals, oil, and coal, all of which are necessary for industrial growth. Deep-sea mining, in particular, is gaining popularity due to the enormous unexplored riches beneath the ocean bottom. However, this business is immensely divisive. Proponents say that deep-sea mining can boost national economic growth and bring up new industrial opportunities. Opponents are concerned about the environmental harm it may create. This argument raises serious concerns regarding the ethics and sustainability of deep-sea mining. To address these concerns, this study will examine both sides of the debate and offer solutions for sustainable deep-sea mining techniques.