RETRACTED ARTICLE: How can sectoral green economic growth alter energy transformation?

Yulong Zhao (), Qitao Wu (), Rong Song () and Zhaojun Qu ()
Additional contact information
Yulong Zhao: Luoyang Institute of Science and Technology
Qitao Wu: Silla University Global College, Silla University
Rong Song: Luoyang Institute of Science and Technology
Zhaojun Qu: Tangshan University

Economic Change and Restructuring, 2024, vol. 57, issue 2, No 35, 16 pages

Abstract: Abstract This study explores the relationship between sustainable economic growth in ASEAN's industrial and agricultural sectors and energy transformation (2005–2021). Using the Cross-Sectionally Autoregressive Distributed Lag (CS-ARDL) approach, it uncovers the positive impact of green economic growth on reducing fossil fuel consumption. Discrepancies are influenced by sector size, technological accessibility, and strategy complexity. Information and Communication Technology (ICT) development shows dual effects on consumption: an initial increase in the short term and a subsequent decrease in the long term. Conversely, the influence of the Consumer Price Index (CPI) and patent applications is constrained by the absence of green patent mechanisms and economic intricacies. The poverty ratio acts as a diminishing factor, reflecting its impact on demand–supply dynamics. Recommendations for ASEAN's energy transformation include digital sector evolution, green tech investments, regional green education, robust green finance, uniform emission taxation, and enhanced regional cooperation, collectively guiding the region toward sustainable energy and economic progress.

Keywords: Sectoral green growth; Energy transition progress; Non-renewables consumption; Green technological accessibility; ASEAN (search for similar items in EconPapers)
JEL-codes: F55 O10 Q41 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10644-024-09627-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:ecopln:v:57:y:2024:i:2:d:10.1007_s10644-024-09627-8

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/10644/PS2

DOI: 10.1007/s10644-024-09627-8

Access Statistics for this article

Economic Change and Restructuring is currently edited by George Hondroyiannis

More articles in Economic Change and Restructuring from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().