RETRACTED ARTICLE: Green energy adoption in ASEAN+6 countries: policy and legal insights for sustainable development

Xiangbin Zuo () and Huanhuan Ding ()
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Xiangbin Zuo: Universiti Kebangsaan Malaysia (UKM)
Huanhuan Ding: UCSI University

Economic Change and Restructuring, 2024, vol. 57, issue 2, No 44, 16 pages

Abstract: Abstract In our study from 2000 to 2021, using the CS-ARDL technique, we explored green energy adoption in 15 ASEAN+6 countries. These nations, including Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam, China, Japan, South Korea, Australia, India, and New Zealand, revealed the critical role of good governance in accelerating green energy deployment. Effective regulation and reduced corruption fostered a favorable environment for renewable energy adoption. GDP size acted as a long-term driver but sometimes led to short-term reliance on carbon-intensive sources. Financial development catalyzed the long term, while CO2 emissions posed barriers in the short and long term. Population size slowed short-term deployment, emphasizing the need for energy policy reforms. Foreign Direct Investment (FDI) played a key long-term role, with limited short-term impact. A multifaceted policy approach is crucial for promoting green energy, including transparent regulation, anti-corruption measures, incentives, environmental regulations, attractive investment climates, green job creation, and sustainable financial development.

Keywords: Green recovery; Energy transition; Green energy deployment; Sustainable utilities; ASEAN+6 economies (search for similar items in EconPapers)
JEL-codes: F15 L95 Q43 Q56 Q58 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10644-024-09637-6

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