Analysis of Existing and Forecasting for Coal and Solar Energy Consumption on Climate Change in Asia Pacific: New Evidence for Sustainable Development Goals

Anggi Putri Kurniadi, Hasdi Aimon, Zamroni Salim, Ragimun Ragimun, Adang Sonjaya, Sigit Setiawan, Viktor Siagian, Lokot Zein Nasution, R Nurhidajat, Mutaqin Mutaqin and Joko Sabtohadi
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Anggi Putri Kurniadi: Research Center for Macroeconomics and Finance, Badan Riset dan Inovasi Nasional, Indonesia
Hasdi Aimon: Faculty of Economics and Business, Universitas Negeri Padang, Indonesia
Zamroni Salim: Research Center for Macroeconomics and Finance, Badan Riset dan Inovasi Nasional, Indonesia
Ragimun Ragimun: Research Center for Macroeconomics and Finance, Badan Riset dan Inovasi Nasional, Indonesia
Adang Sonjaya: Research Center for Macroeconomics and Finance, Badan Riset dan Inovasi Nasional, Indonesia
Sigit Setiawan: Research Center for Macroeconomics and Finance, Badan Riset dan Inovasi Nasional, Indonesia
Viktor Siagian: Research Center for Macroeconomics and Finance, Badan Riset dan Inovasi Nasional, Indonesia
Lokot Zein Nasution: Research Center for Cooperatives, Corporations and People's Economics, Badan Riset dan Inovasi Nasional, Indonesia
R Nurhidajat: Research Center for Cooperatives, Corporations and People's Economics, Badan Riset dan Inovasi Nasional, Indonesia
Mutaqin Mutaqin: Research Center for Industrial Economics, Services and Trade, Badan Riset dan Inovasi Nasional, Indonesia
Joko Sabtohadi: Regional Research and Development Agency of Kutai Kertanegara Regency, Indonesia

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 4, 352-359

Abstract: This study aims to identify trends in the role of coal and solar energy consumption on climate change through existing and forecasting analysis as new evidence for the sustainable development goals launched by 2030. This research targets countries in the Asia Pacific, especially coal exporters (Indonesia and Australia) and coal importers (China). The basic model uses panel regression as the existing condition, which covers the period 2008-2023. Meanwhile, the forecasting analysis uses the ARIMA method, which covers the period 2024-2030. The findings of existing conditions include coal energy consumption contributing to increasing climate change. Meanwhile, solar energy consumption can reduce climate change. Furthermore, the forecast findings on average are climate change conditions of 5.237 million tons and coal energy consumption of 33,830 exajoules, but on average the annual growth rate is relatively small (0.91 percent for climate change and 1.46 percent for coal energy consumption). Meanwhile, solar energy has also increased with a small quantity of 2.40 exajoules, but the growth rate is relatively high (29.61 percent). This research recommends that the government massively increase the transition of clean energy consumption towards solar so that the mix can dominate for greater reductions in climate change in achieving sustainable development goals.

Keywords: Coal Energy Consumption; Solar Energy Consumption; Climate Change; Sustainable Development Goals (search for similar items in EconPapers)
JEL-codes: C23 C53 Q47 Q54 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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