The Impact of Islamic Financial Development, GDP, and Population on Environmental Quality in Indonesia

Environmental problems are becoming an issue along with the issue of global warming whose impacts are increasingly being felt. Cases of environmental destruction in Indonesia are increasing, so several directions of government policies have started toward sustainable development goals (SDGs). The s...

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Main Authors: Titin Agustin Nengsih, Muhamad Abduh, Urwawuska Ladini, Fadhlul mubarak
Format: Article
Language:English
Published: EconJournals 2023-01-01
Series:International Journal of Energy Economics and Policy
Subjects:
Online Access:https://econjournals.com/index.php/ijeep/article/view/13727
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author Titin Agustin Nengsih
Muhamad Abduh
Urwawuska Ladini
Fadhlul mubarak
author_facet Titin Agustin Nengsih
Muhamad Abduh
Urwawuska Ladini
Fadhlul mubarak
author_sort Titin Agustin Nengsih
collection DOAJ
description Environmental problems are becoming an issue along with the issue of global warming whose impacts are increasingly being felt. Cases of environmental destruction in Indonesia are increasing, so several directions of government policies have started toward sustainable development goals (SDGs). The situation has challenged Islamic finance, an alternative financial system that is said to be the answer to the current toxic financial system, to prove itself to support the environment quality. This research aims to determine the impact of Islamic financial development, Gross Domestic Product (GDP), and population on the environmental quality in Indonesia using data spanning from 2016 to 2020. The results show that GDP significantly impacts the environmental quality of almost all major islands in Indonesia. Overall, in the territory of Indonesia Islamic financial development had a significantly negative effect at a significant level of 10% on environmental quality.
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spelling doaj.art-4d3d10b281fd4b359d02facd721992922023-02-15T16:16:49ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532023-01-0113110.32479/ijeep.13727The Impact of Islamic Financial Development, GDP, and Population on Environmental Quality in IndonesiaTitin Agustin Nengsih0Muhamad Abduh1Urwawuska Ladini2Fadhlul mubarak3Faculty of Economy and Islamic Business, UIN Sulthan Thaha Saifuddin Jambi, Indonesia,UBD School of Business and Economics, University of Brunei Darussalam, Brunei Darussalam.Faculty of Economy and Islamic Business, UIN Sulthan Thaha Saifuddin Jambi, IndonesiaFaculty of Economy and Islamic Business, UIN Sulthan Thaha Saifuddin Jambi, Indonesia Environmental problems are becoming an issue along with the issue of global warming whose impacts are increasingly being felt. Cases of environmental destruction in Indonesia are increasing, so several directions of government policies have started toward sustainable development goals (SDGs). The situation has challenged Islamic finance, an alternative financial system that is said to be the answer to the current toxic financial system, to prove itself to support the environment quality. This research aims to determine the impact of Islamic financial development, Gross Domestic Product (GDP), and population on the environmental quality in Indonesia using data spanning from 2016 to 2020. The results show that GDP significantly impacts the environmental quality of almost all major islands in Indonesia. Overall, in the territory of Indonesia Islamic financial development had a significantly negative effect at a significant level of 10% on environmental quality. https://econjournals.com/index.php/ijeep/article/view/13727Islamic Financial Development, Gross Domestic Product, Population, Environmental Quality
spellingShingle Titin Agustin Nengsih
Muhamad Abduh
Urwawuska Ladini
Fadhlul mubarak
The Impact of Islamic Financial Development, GDP, and Population on Environmental Quality in Indonesia
International Journal of Energy Economics and Policy
Islamic Financial Development, Gross Domestic Product, Population, Environmental Quality
title The Impact of Islamic Financial Development, GDP, and Population on Environmental Quality in Indonesia
title_full The Impact of Islamic Financial Development, GDP, and Population on Environmental Quality in Indonesia
title_fullStr The Impact of Islamic Financial Development, GDP, and Population on Environmental Quality in Indonesia
title_full_unstemmed The Impact of Islamic Financial Development, GDP, and Population on Environmental Quality in Indonesia
title_short The Impact of Islamic Financial Development, GDP, and Population on Environmental Quality in Indonesia
title_sort impact of islamic financial development gdp and population on environmental quality in indonesia
topic Islamic Financial Development, Gross Domestic Product, Population, Environmental Quality
url https://econjournals.com/index.php/ijeep/article/view/13727
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