Impact of Non-renewable, Renewable Energy Consumption and Economic Growth on CO2 Emissions: Empirical Study of ASEAN-5

This study explores the impact of energy consumption on CO2 emissions in ASEAN-5, aiming to deepen understanding of non-renewable and renewable energy's influence, along with economic growth, on CO2 emissions. The objectives include (i) analysing the short and long-run impact of consumption of...

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Main Author:	Simon, Hiew
Format:	Thesis
Language:	English English English
Published:	2024
Subjects:	HB Economic Theory
Online Access:	http://ir.unimas.my/id/eprint/45005/3/DSVA_Simon%20Hiew.pdf http://ir.unimas.my/id/eprint/45005/4/Thesis%20Master_Simon%20Hiew.ftext.pdf http://ir.unimas.my/id/eprint/45005/5/Thesis%20Master_Simon%20Hiew%20-24%20pages.pdf
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id	my-unimas-ir.45005
record_format	uketd_dc
spelling	my-unimas-ir.450052024-06-26T08:42:51Z Impact of Non-renewable, Renewable Energy Consumption and Economic Growth on CO2 Emissions: Empirical Study of ASEAN-5 2024 Simon, Hiew HB Economic Theory This study explores the impact of energy consumption on CO2 emissions in ASEAN-5, aiming to deepen understanding of non-renewable and renewable energy's influence, along with economic growth, on CO2 emissions. The objectives include (i) analysing the short and long-run impact of consumption of energy types and economic growth on CO2 emissions, (ii) investigating the non-linear effects of both energies consumption on CO2 emissions, and (iii) assessing the Environmental Kuznets Curve (EKC) hypothesis. Using Pooled Mean Group (PMG) and panel Non-linear Autoregressive Distributed Lag (NARDL) estimators, we examine data from ASEAN-5 (Thailand, Malaysia, Singapore, Indonesia, Philippines) over 31 years (1990–2020). The PMG results reveal that non-renewable energy consumption and economic growth increase CO2 emissions, while renewable energy reduces them in the long run. Economic growth alone causes short-term environmental degradation. Panel NARDL findings indicate that higher unclean energy consumption leads to environmental degradation, decreasing it helps to reduce environmental problem in the long run, while increased clean energy consumption reduces CO2 emissions in long run. Economic growth contributes to higher CO2 emissions initially, decreasing when growth declines, supporting the EKC theory's long-run applicability. Therefore, policymakers should prioritize green investment for an unclean to green energy transition, with government and non-government agencies playing a crucial role in Communication, Education, and Public Awareness (CEPA) programs. UNIMAS Institutional Respository 2024 Thesis http://ir.unimas.my/id/eprint/45005/ http://ir.unimas.my/id/eprint/45005/3/DSVA_Simon%20Hiew.pdf text en staffonly http://ir.unimas.my/id/eprint/45005/4/Thesis%20Master_Simon%20Hiew.ftext.pdf text en validuser http://ir.unimas.my/id/eprint/45005/5/Thesis%20Master_Simon%20Hiew%20-24%20pages.pdf text en public masters Universiti Malaysia Sarawak Faculty of Economics and Business
institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English English English
topic	HB Economic Theory
spellingShingle	HB Economic Theory Simon, Hiew Impact of Non-renewable, Renewable Energy Consumption and Economic Growth on CO2 Emissions: Empirical Study of ASEAN-5
description	This study explores the impact of energy consumption on CO2 emissions in ASEAN-5, aiming to deepen understanding of non-renewable and renewable energy's influence, along with economic growth, on CO2 emissions. The objectives include (i) analysing the short and long-run impact of consumption of energy types and economic growth on CO2 emissions, (ii) investigating the non-linear effects of both energies consumption on CO2 emissions, and (iii) assessing the Environmental Kuznets Curve (EKC) hypothesis. Using Pooled Mean Group (PMG) and panel Non-linear Autoregressive Distributed Lag (NARDL) estimators, we examine data from ASEAN-5 (Thailand, Malaysia, Singapore, Indonesia, Philippines) over 31 years (1990–2020). The PMG results reveal that non-renewable energy consumption and economic growth increase CO2 emissions, while renewable energy reduces them in the long run. Economic growth alone causes short-term environmental degradation. Panel NARDL findings indicate that higher unclean energy consumption leads to environmental degradation, decreasing it helps to reduce environmental problem in the long run, while increased clean energy consumption reduces CO2 emissions in long run. Economic growth contributes to higher CO2 emissions initially, decreasing when growth declines, supporting the EKC theory's long-run applicability. Therefore, policymakers should prioritize green investment for an unclean to green energy transition, with government and non-government agencies playing a crucial role in Communication, Education, and Public Awareness (CEPA) programs.
format	Thesis
qualification_level	Master's degree
author	Simon, Hiew
author_facet	Simon, Hiew
author_sort	Simon, Hiew
title	Impact of Non-renewable, Renewable Energy Consumption and Economic Growth on CO2 Emissions: Empirical Study of ASEAN-5
title_short	Impact of Non-renewable, Renewable Energy Consumption and Economic Growth on CO2 Emissions: Empirical Study of ASEAN-5
title_full	Impact of Non-renewable, Renewable Energy Consumption and Economic Growth on CO2 Emissions: Empirical Study of ASEAN-5
title_fullStr	Impact of Non-renewable, Renewable Energy Consumption and Economic Growth on CO2 Emissions: Empirical Study of ASEAN-5
title_full_unstemmed	Impact of Non-renewable, Renewable Energy Consumption and Economic Growth on CO2 Emissions: Empirical Study of ASEAN-5
title_sort	impact of non-renewable, renewable energy consumption and economic growth on co2 emissions: empirical study of asean-5
granting_institution	Universiti Malaysia Sarawak
granting_department	Faculty of Economics and Business
publishDate	2024
url	http://ir.unimas.my/id/eprint/45005/3/DSVA_Simon%20Hiew.pdf http://ir.unimas.my/id/eprint/45005/4/Thesis%20Master_Simon%20Hiew.ftext.pdf http://ir.unimas.my/id/eprint/45005/5/Thesis%20Master_Simon%20Hiew%20-24%20pages.pdf
_version_	1804888437639086080

Impact of Non-renewable, Renewable Energy Consumption and Economic Growth on CO2 Emissions: Empirical Study of ASEAN-5

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