Nuclear Energy Generation, Fossil Fuel Price, Energy Mix Generation, Economic Growth, FDI Inflow and CO2 Emission: A Case Study on Developed and Developing Countries in the Asia Pacific Region
The net-zero scenario by 2050 (NZE) is a normative scenario that sets the stage for the global energy sector to reach net-zero emissions by 2050. This research aims to explore nuclear energy generation as a potential technological change in a future power generation base load, the factors that are...
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| Format: | Article |
| Language: | English |
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EconJournals
2023-09-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | http://econjournals.com/index.php/ijeep/article/view/14525 |
| _version_ | 1797658193438965760 |
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| author | Tri Wahyu Adi Pawenary Pawenary Eri Prabowo |
| author_facet | Tri Wahyu Adi Pawenary Pawenary Eri Prabowo |
| author_sort | Tri Wahyu Adi |
| collection | DOAJ |
| description |
The net-zero scenario by 2050 (NZE) is a normative scenario that sets the stage for the global energy sector to reach net-zero emissions by 2050. This research aims to explore nuclear energy generation as a potential technological change in a future power generation base load, the factors that are affected and the effects on economic growth, FDI inflow, and CO2 emission in developed and developing countries in the Asia Pacific. The empirical analysis uses time-series data of nuclear energy generation, fossil fuel price, energy mix generation, economic growth, FDI inflow, and CO2 emission in the period 2001 – 2021. The inferential statistical method used to analyse in this research is a component-based using SmartPLS 3.2.9. This research find that Fossil fuel prices have no significant positive effect on nuclear energy generation in developed countries, and the opposite in developing countries, while a negative not significant effect on CO2 emission in both developed and developing countries, with a positive significant effect on economic growth in developed countries and the opposite in developing countries, with a negative significant effect on FDI inflow in developed countries and the opposite in developing countries, with a negative not significant effect on energy mix generation in developed countries and the opposite in developing countries. Nuclear energy generation has a negative not significant effect on energy mix generation in developed countries and the opposite in developing countries, with a negative not significant effect on economic growth in developed countries and the opposite in developing countries, with a positive not significant effect on FDI inflow in developed countries and the opposite in developing countries, with a positive significant effect on CO2 emission in developed countries and the opposite in developing countries. The energy mix generation find has a negative significant effect on economic growth in developed countries and the opposite in developing countries, with a positive significant effect on FDI Inflow and CO2 emission in both developed and developing countries. Economic growth has a negative not significant effect on CO2 emission in both developed and developing countries. FDI inflow has a negative significant effect on CO2 emission in developed countries and the opposite in developing countries.
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| first_indexed | 2024-03-11T17:55:37Z |
| format | Article |
| id | doaj.art-f1cf8ee31efe4c63a9acd06d37e97741 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-03-11T17:55:37Z |
| publishDate | 2023-09-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-f1cf8ee31efe4c63a9acd06d37e977412023-10-17T14:39:27ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532023-09-0113510.32479/ijeep.14525Nuclear Energy Generation, Fossil Fuel Price, Energy Mix Generation, Economic Growth, FDI Inflow and CO2 Emission: A Case Study on Developed and Developing Countries in the Asia Pacific RegionTri Wahyu Adi0Pawenary Pawenary1Eri Prabowo2Faculty of Technology and Energy Business, Institute Technology of PLN, Indonesia,Department of Master of Electrical Engineering, Institute Technology of PLN, Indonesia.Faculty of Technology and Energy Business, Institute Technology of PLN, Indonesia, The net-zero scenario by 2050 (NZE) is a normative scenario that sets the stage for the global energy sector to reach net-zero emissions by 2050. This research aims to explore nuclear energy generation as a potential technological change in a future power generation base load, the factors that are affected and the effects on economic growth, FDI inflow, and CO2 emission in developed and developing countries in the Asia Pacific. The empirical analysis uses time-series data of nuclear energy generation, fossil fuel price, energy mix generation, economic growth, FDI inflow, and CO2 emission in the period 2001 – 2021. The inferential statistical method used to analyse in this research is a component-based using SmartPLS 3.2.9. This research find that Fossil fuel prices have no significant positive effect on nuclear energy generation in developed countries, and the opposite in developing countries, while a negative not significant effect on CO2 emission in both developed and developing countries, with a positive significant effect on economic growth in developed countries and the opposite in developing countries, with a negative significant effect on FDI inflow in developed countries and the opposite in developing countries, with a negative not significant effect on energy mix generation in developed countries and the opposite in developing countries. Nuclear energy generation has a negative not significant effect on energy mix generation in developed countries and the opposite in developing countries, with a negative not significant effect on economic growth in developed countries and the opposite in developing countries, with a positive not significant effect on FDI inflow in developed countries and the opposite in developing countries, with a positive significant effect on CO2 emission in developed countries and the opposite in developing countries. The energy mix generation find has a negative significant effect on economic growth in developed countries and the opposite in developing countries, with a positive significant effect on FDI Inflow and CO2 emission in both developed and developing countries. Economic growth has a negative not significant effect on CO2 emission in both developed and developing countries. FDI inflow has a negative significant effect on CO2 emission in developed countries and the opposite in developing countries. http://econjournals.com/index.php/ijeep/article/view/14525Nuclear Energy GenerationFossil Fuel PriceEnergy MixEconomic GrowthFDICO2 Emission |
| spellingShingle | Tri Wahyu Adi Pawenary Pawenary Eri Prabowo Nuclear Energy Generation, Fossil Fuel Price, Energy Mix Generation, Economic Growth, FDI Inflow and CO2 Emission: A Case Study on Developed and Developing Countries in the Asia Pacific Region International Journal of Energy Economics and Policy Nuclear Energy Generation Fossil Fuel Price Energy Mix Economic Growth FDI CO2 Emission |
| title | Nuclear Energy Generation, Fossil Fuel Price, Energy Mix Generation, Economic Growth, FDI Inflow and CO2 Emission: A Case Study on Developed and Developing Countries in the Asia Pacific Region |
| title_full | Nuclear Energy Generation, Fossil Fuel Price, Energy Mix Generation, Economic Growth, FDI Inflow and CO2 Emission: A Case Study on Developed and Developing Countries in the Asia Pacific Region |
| title_fullStr | Nuclear Energy Generation, Fossil Fuel Price, Energy Mix Generation, Economic Growth, FDI Inflow and CO2 Emission: A Case Study on Developed and Developing Countries in the Asia Pacific Region |
| title_full_unstemmed | Nuclear Energy Generation, Fossil Fuel Price, Energy Mix Generation, Economic Growth, FDI Inflow and CO2 Emission: A Case Study on Developed and Developing Countries in the Asia Pacific Region |
| title_short | Nuclear Energy Generation, Fossil Fuel Price, Energy Mix Generation, Economic Growth, FDI Inflow and CO2 Emission: A Case Study on Developed and Developing Countries in the Asia Pacific Region |
| title_sort | nuclear energy generation fossil fuel price energy mix generation economic growth fdi inflow and co2 emission a case study on developed and developing countries in the asia pacific region |
| topic | Nuclear Energy Generation Fossil Fuel Price Energy Mix Economic Growth FDI CO2 Emission |
| url | http://econjournals.com/index.php/ijeep/article/view/14525 |
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