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The Role of Green Energy Technologies Development, Carbon Finance, Carbon Tax and Economic Growth on Environmental Conditions in ASEAN Countries

Author

Listed:
  • Yunikewaty Yunikewaty

    (Faculty of Economics and Business, Palangka Raya University, Indonesia,)

  • Dwi Siswahyudi

    (Study Program of Building Engineering, Faculty of Engineering, State University of Malang, Indonesia.)

Abstract

Green technology and carbon finance have the potential to greatly add significance towards traditional financing practices related to carbon emissions because of information based nature, Thus, exploration of green technologies and carbon finance assist economies in the formulation of effective policies. By employing the panel data of ASEAN economies from 2011-2019, the study used CUP-FM and CUP-BC methods to empirically analyze the said relationship. The outcomes of the study revealed that green technologies, carbon finance, carbon taxes, economic growth decrease GHG emissions. It implies that the synergetic effect of green technologies, carbon finance, carbon tax and economic growth play an essential role in improving environmental conditions. Consequently, ASEAN region can reshape the policies by integrating green technologies and carbon finance and also looks into country’s local condition to improve the urban environmental efficiency, hence, achieving carbon neutralization goal.

Suggested Citation

  • Yunikewaty Yunikewaty & Dwi Siswahyudi, 2023. "The Role of Green Energy Technologies Development, Carbon Finance, Carbon Tax and Economic Growth on Environmental Conditions in ASEAN Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 558-565, September.
    • Handle: RePEc:eco:journ2:2023-05-59
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    More about this item

    Keywords

    Green technologies; carbon finance; carbon taxes; GHG emissions; economic growth;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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