How Does Sustainable Energy System, Creativity, and Green Finance affect Environment Efficiency and Sustainable Economic Growth: Evidence from Highest Emitting Economies

Lukman Yunus, Marsuki Iswandi, La Baco, Munirwan Zani, Muhammad Aswar Limi and Sujono Sujono
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Lukman Yunus: Department of Agribusiness, Faculty of Agriculture, Halu Oleo University, Indonesia,
Marsuki Iswandi: Department of Agribusiness, Faculty of Agriculture, Halu Oleo University, Indonesia,
La Baco: Department of Environmental Science, Faculty of Forestry and Environmental Science, Halu Oleo University, Indonesia,
Munirwan Zani: Department of Agribusiness, Faculty of Agriculture, Halu Oleo University, Indonesia,
Muhammad Aswar Limi: Department of Agribusiness, Faculty of Agriculture, Halu Oleo University, Indonesia,
Sujono Sujono: Department of Management, Faculty of Economics and Business, Halu Oleo University, Indonesia.

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 1, 261-270

Abstract: In present times, sustainability is to be demanded to attain high economic growth in longer run. Thus, countries are obliged to scrutinize the factors which balance the economic growth and prove to be efficient indicator of environment. This study, knowing the significance of such indicators, the study formulates a framework in which a role of sustainable energy system, creativity, and green finance on the environmental efficiency and sustainable economic development intends to be examined in the context of high carbon emission economies such as Iran, Canada, China, Indonesia, India, Japan, Saudi Arabia, United States, Russia, and South Korea. In order to tackle the abovementioned issue, the study used the data extracted from world development indicators (WDI) covering the period from 2010 to 2020. The study employed Random fixed model to test the proposed hypotheses. Obtained results expose that sustainable energy systems, creativity and green finance share negative association with carbon emissions, hence, revealing this point that the indicators are useful to increase sustainable economic development and environmental efficiency. Thereby, in order to achieve sustainable economic growth, governments are liable to implement policies with a long-term approach. The outcomes are also helpful for the upcoming researchers and regulators while formulating the policies about environmental efficiency.

Keywords: Sustainable energy system; Creativity; Sustainable economic development; Green Finance; Carbon emissions (search for similar items in EconPapers)
JEL-codes: F65 O13 O44 P28 Q01 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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