The role of renewable energy use, technological innovation, and forest cover toward green development: Evidence from Indonesia
Emissions of greenhouse gases (GHG), and carbon dioxide (CO2) represent a significant threat to environment, economy, and human health. This article summarises the results of an empirical investigation on the potential for economic growth, renewable energy use, technical advancement, and forest cove...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2023-03-01
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| Series: | Innovation and Green Development |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2949753123000036 |
| _version_ | 1797753857375207424 |
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| author | Asif Raihan Monirul Islam Pavel Dewan Ahmed Muhtasim Sadia Farhana Omar Faruk Arindrajit Paul |
| author_facet | Asif Raihan Monirul Islam Pavel Dewan Ahmed Muhtasim Sadia Farhana Omar Faruk Arindrajit Paul |
| author_sort | Asif Raihan |
| collection | DOAJ |
| description | Emissions of greenhouse gases (GHG), and carbon dioxide (CO2) represent a significant threat to environment, economy, and human health. This article summarises the results of an empirical investigation on the potential for economic growth, renewable energy use, technical advancement, and forest cover in Indonesia to reduce CO2 emissions. This study utilized the Dynamic Ordinary Least Squares (DOLS) approach to analyze the time series data covering 1990–2020. The empirical statistics suggest that Indonesia's CO2 emissions would increase by 1.17% for every 1% increase in economic development. Furthermore, a 1% increase in the use of renewable energy may be connected with a 1.40% decrease in CO2 emissions, technical innovation with a 0.17% decrease, and an increase in forest cover with a 3.94% decrease in CO2 emissions. The estimated outcomes are insensitive to alternative estimators such as fully modified ordinary least squares (FMOLS) and canonical cointegrating regression (CCR). Furthermore, the pairwise Granger causality test was employed to capture the causal relationship between the variables. This article presents policy suggestions for achieving environmental sustainability in Indonesia through the reduction of carbon emissions. These policies emphasize a low-carbon economy, promoting renewable energy use, financing technical advancement, and the ecological viability of Indonesia's forests. |
| first_indexed | 2024-03-12T17:24:59Z |
| format | Article |
| id | doaj.art-e4ead6c4717147719f6eabbda45a8e6f |
| institution | Directory Open Access Journal |
| issn | 2949-7531 |
| language | English |
| last_indexed | 2024-03-12T17:24:59Z |
| publishDate | 2023-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Innovation and Green Development |
| spelling | doaj.art-e4ead6c4717147719f6eabbda45a8e6f2023-08-05T05:18:43ZengElsevierInnovation and Green Development2949-75312023-03-0121100035The role of renewable energy use, technological innovation, and forest cover toward green development: Evidence from IndonesiaAsif Raihan0Monirul Islam Pavel1Dewan Ahmed Muhtasim2Sadia Farhana3Omar Faruk4Arindrajit Paul5Institute of Climate Change, Universiti Kebangsaan Malaysia, Bangi 43600, Malaysia; Corresponding author.Faculty of Information Science and Technology, Universiti Kebangsaan Malaysia, Bangi 43600, MalaysiaFaculty of Information Science and Technology, Universiti Kebangsaan Malaysia, Bangi 43600, MalaysiaSchool of Medical Sciences, Universiti Sains Malaysia, Kubang Kerian 16150, Kelantan, MalaysiaFaculty of Information Science and Technology, Universiti Kebangsaan Malaysia, Bangi 43600, MalaysiaFaculty of Information Science and Technology, Universiti Kebangsaan Malaysia, Bangi 43600, MalaysiaEmissions of greenhouse gases (GHG), and carbon dioxide (CO2) represent a significant threat to environment, economy, and human health. This article summarises the results of an empirical investigation on the potential for economic growth, renewable energy use, technical advancement, and forest cover in Indonesia to reduce CO2 emissions. This study utilized the Dynamic Ordinary Least Squares (DOLS) approach to analyze the time series data covering 1990–2020. The empirical statistics suggest that Indonesia's CO2 emissions would increase by 1.17% for every 1% increase in economic development. Furthermore, a 1% increase in the use of renewable energy may be connected with a 1.40% decrease in CO2 emissions, technical innovation with a 0.17% decrease, and an increase in forest cover with a 3.94% decrease in CO2 emissions. The estimated outcomes are insensitive to alternative estimators such as fully modified ordinary least squares (FMOLS) and canonical cointegrating regression (CCR). Furthermore, the pairwise Granger causality test was employed to capture the causal relationship between the variables. This article presents policy suggestions for achieving environmental sustainability in Indonesia through the reduction of carbon emissions. These policies emphasize a low-carbon economy, promoting renewable energy use, financing technical advancement, and the ecological viability of Indonesia's forests.http://www.sciencedirect.com/science/article/pii/S2949753123000036CO2 emissionsClimate changeRenewable energyTechnological innovationForestSustainability |
| spellingShingle | Asif Raihan Monirul Islam Pavel Dewan Ahmed Muhtasim Sadia Farhana Omar Faruk Arindrajit Paul The role of renewable energy use, technological innovation, and forest cover toward green development: Evidence from Indonesia Innovation and Green Development CO2 emissions Climate change Renewable energy Technological innovation Forest Sustainability |
| title | The role of renewable energy use, technological innovation, and forest cover toward green development: Evidence from Indonesia |
| title_full | The role of renewable energy use, technological innovation, and forest cover toward green development: Evidence from Indonesia |
| title_fullStr | The role of renewable energy use, technological innovation, and forest cover toward green development: Evidence from Indonesia |
| title_full_unstemmed | The role of renewable energy use, technological innovation, and forest cover toward green development: Evidence from Indonesia |
| title_short | The role of renewable energy use, technological innovation, and forest cover toward green development: Evidence from Indonesia |
| title_sort | role of renewable energy use technological innovation and forest cover toward green development evidence from indonesia |
| topic | CO2 emissions Climate change Renewable energy Technological innovation Forest Sustainability |
| url | http://www.sciencedirect.com/science/article/pii/S2949753123000036 |
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