Renewable Energy Consumption, Energy Efficiency, Trade, Economic Development and FDI on Climate Change in Vietnam

This study aimed to investigate the impact of green energy consumption, energy efficiency, foreign direct investment, economic growth, and trade (import and export) on greenhouse gas emissions( GHG) in Vietnam between 1990 and 2019. This study investigates the long-term cointegration relationship t...

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Main Authors: Dung Tien Pham, Hieu Van Pham, Tuyen Quang Dang
Format: Article
Language:English
Published: EconJournals 2023-11-01
Series:International Journal of Energy Economics and Policy
Subjects:
Online Access:https://econjournals.com/index.php/ijeep/article/view/14571
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author Dung Tien Pham
Hieu Van Pham
Tuyen Quang Dang
author_facet Dung Tien Pham
Hieu Van Pham
Tuyen Quang Dang
author_sort Dung Tien Pham
collection DOAJ
description This study aimed to investigate the impact of green energy consumption, energy efficiency, foreign direct investment, economic growth, and trade (import and export) on greenhouse gas emissions( GHG) in Vietnam between 1990 and 2019. This study investigates the long-term cointegration relationship to find out the impact of renewable energy consumption, energy efficiency, trade, economic development, and foreign direct investment on climate change in Vietnam. The research results show a long-term relationship between the above variables and the reduction of greenhouse gas emissions. These findings highlight the profound importance of renewable energy consumption for ecologically sustainable development in Vietnam and serve as an important resource for other countries worldwide. world when it comes to ecological security. This study recommends the use of environmentally friendly and energy-saving technologies, the use of renewable energy to mitigate climate change and the implementation of the most recent government policies to neutralise greenhouse gas emissions to achieve sustainable development goals.
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spelling doaj.art-143b9478f0984895aca9c9ead6290f8c2023-11-10T18:10:08ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532023-11-0113610.32479/ijeep.14571Renewable Energy Consumption, Energy Efficiency, Trade, Economic Development and FDI on Climate Change in VietnamDung Tien Pham0Hieu Van Pham1Tuyen Quang Dang2Hanoi Committee for Religious Affairs, VietnamFaculty of Economics, Hanoi University of Business and Technology, VietnamVietnam Join-tstock Commercial Bank for Industry and Trade, Vietnam This study aimed to investigate the impact of green energy consumption, energy efficiency, foreign direct investment, economic growth, and trade (import and export) on greenhouse gas emissions( GHG) in Vietnam between 1990 and 2019. This study investigates the long-term cointegration relationship to find out the impact of renewable energy consumption, energy efficiency, trade, economic development, and foreign direct investment on climate change in Vietnam. The research results show a long-term relationship between the above variables and the reduction of greenhouse gas emissions. These findings highlight the profound importance of renewable energy consumption for ecologically sustainable development in Vietnam and serve as an important resource for other countries worldwide. world when it comes to ecological security. This study recommends the use of environmentally friendly and energy-saving technologies, the use of renewable energy to mitigate climate change and the implementation of the most recent government policies to neutralise greenhouse gas emissions to achieve sustainable development goals. https://econjournals.com/index.php/ijeep/article/view/14571Trade Openness, Greenhouse Gas Emission, Renewable Energy, Climate Change
spellingShingle Dung Tien Pham
Hieu Van Pham
Tuyen Quang Dang
Renewable Energy Consumption, Energy Efficiency, Trade, Economic Development and FDI on Climate Change in Vietnam
International Journal of Energy Economics and Policy
Trade Openness, Greenhouse Gas Emission, Renewable Energy, Climate Change
title Renewable Energy Consumption, Energy Efficiency, Trade, Economic Development and FDI on Climate Change in Vietnam
title_full Renewable Energy Consumption, Energy Efficiency, Trade, Economic Development and FDI on Climate Change in Vietnam
title_fullStr Renewable Energy Consumption, Energy Efficiency, Trade, Economic Development and FDI on Climate Change in Vietnam
title_full_unstemmed Renewable Energy Consumption, Energy Efficiency, Trade, Economic Development and FDI on Climate Change in Vietnam
title_short Renewable Energy Consumption, Energy Efficiency, Trade, Economic Development and FDI on Climate Change in Vietnam
title_sort renewable energy consumption energy efficiency trade economic development and fdi on climate change in vietnam
topic Trade Openness, Greenhouse Gas Emission, Renewable Energy, Climate Change
url https://econjournals.com/index.php/ijeep/article/view/14571
work_keys_str_mv AT dungtienpham renewableenergyconsumptionenergyefficiencytradeeconomicdevelopmentandfdionclimatechangeinvietnam
AT hieuvanpham renewableenergyconsumptionenergyefficiencytradeeconomicdevelopmentandfdionclimatechangeinvietnam
AT tuyenquangdang renewableenergyconsumptionenergyefficiencytradeeconomicdevelopmentandfdionclimatechangeinvietnam