The Role of Renewable Energy Production, Energy Efficiency and Green Finance in Achieving Sustainable Economic Development: Evidence from Indonesia

Authors

  • Harin Tiawon Faculty of Economic and Business, Palangka Raya University, Central Kalimantan, Indonesia,
  • Miar Miar Department of Economic Development, Faculty of Economics and Business Palangka Raya University, Palangka Raya, Indonesia.

DOI:

https://doi.org/10.32479/ijeep.13915

Keywords:

Renewable energy production, green finance, energy efficiency, sustainable development, Indonesia

Abstract

The current study aims at analyzing the effect of renewable energy production, energy efficiency and green finance on sustainable economic development in Indonesia. The study is the pioneer one in the context of Indonesia that assesses the impact of above-mentioned variables on measuring sustainable economic development by measuring it in terms of economic growth and carbon emission. Time series data spanning over 1990-2019 period is analyzed using Autoregressive Distributed Lag Model (ARDL) because of presence of the mixed order of integration in data series. The findings of the study suggest that green finance, energy efficiency and renewable energy promote economic growth and reduce carbon emissions. The study concludes that renewable energy production, green finance and energy efficiency play positive role in achieving sustainable economic development in Indonesia. On the basis of the study findings, relevant policies for the government and policy makers to enhance sustainable economic development in Indonesia are also provided in the study.

Downloads

Download data is not yet available.

Downloads

Published

2023-01-22

How to Cite

Tiawon, H., & Miar, M. (2023). The Role of Renewable Energy Production, Energy Efficiency and Green Finance in Achieving Sustainable Economic Development: Evidence from Indonesia. International Journal of Energy Economics and Policy, 13(1), 250–260. https://doi.org/10.32479/ijeep.13915

Issue

Vol. 13 No. 1 (2023)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.