CORPORATE BLUE BOND REGULATION AS A CATALYST FOR BLUE ECONOMY DEVELOPMENT IN INDONESIA

Indonesia has substantial economic potential in the maritime sector, which includes coastal resources, biotechnology, fisheries, oil and gas, marine transportation, and marine tourism. To optimize this potential and meet the commitment to Sustainable Development Goal 14, innovative financing mechanisms are needed to balance exploration and conservation aspects. This urgency arises because the blue economy has been designated as a priority program in Indonesia’s National Medium-Term Development Plan 2025–2029. To address these legal issues, this study employs a normative legal research method with an exploratory character, utilizing statutory, conceptual, and comparative approaches. The comparative analysis of the Philippines’ blue bond framework indicates that the unification of the IFC’s Blue Finance Guidance Framework and the ADB Green and Blue Bond Framework could serve as a model for developing corporate blue bonds to finance Indonesia’s blue economy. Through the regulation of corporate blue bonds, it is expected that this instrument will serve as a catalyst for blue economy development in Indonesia.