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How can sectoral green economic growth alter energy transformation?

Author

Listed:
  • Yulong Zhao

    (Luoyang Institute of Science and Technology)

  • Qitao Wu

    (Silla University Global College, Silla University)

  • Rong Song

    (Luoyang Institute of Science and Technology)

  • Zhaojun Qu

    (Tangshan University)

Abstract

This study explores the relationship between sustainable economic growth in ASEAN's industrial and agricultural sectors and energy transformation (2005–2021). Using the Cross-Sectionally Autoregressive Distributed Lag (CS-ARDL) approach, it uncovers the positive impact of green economic growth on reducing fossil fuel consumption. Discrepancies are influenced by sector size, technological accessibility, and strategy complexity. Information and Communication Technology (ICT) development shows dual effects on consumption: an initial increase in the short term and a subsequent decrease in the long term. Conversely, the influence of the Consumer Price Index (CPI) and patent applications is constrained by the absence of green patent mechanisms and economic intricacies. The poverty ratio acts as a diminishing factor, reflecting its impact on demand–supply dynamics. Recommendations for ASEAN's energy transformation include digital sector evolution, green tech investments, regional green education, robust green finance, uniform emission taxation, and enhanced regional cooperation, collectively guiding the region toward sustainable energy and economic progress.

Suggested Citation

  • Yulong Zhao & Qitao Wu & Rong Song & Zhaojun Qu, 2024. "How can sectoral green economic growth alter energy transformation?," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-16, April.
    • Handle: RePEc:kap:ecopln:v:57:y:2024:i:2:d:10.1007_s10644-024-09627-8
    DOI: 10.1007/s10644-024-09627-8
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    References listed on IDEAS

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    More about this item

    Keywords

    Sectoral green growth; Energy transition progress; Non-renewables consumption; Green technological accessibility; ASEAN;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

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