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

Yunikewaty Yunikewaty and Dwi Siswahyudi
Additional contact information
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.

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 5, 558-565

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.

Keywords: Green technologies; carbon finance; carbon taxes; GHG emissions; economic growth (search for similar items in EconPapers)
JEL-codes: B16 H23 O14 Q53 Q54 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/14667/7516 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/14667 (text/html)

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:eco:journ2:2023-05-59

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().