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How does Green education result in resource extraction and consumption sustainability?

Author

Listed:
  • Xiao, Zunlan
  • Duritan, Mary Josephine M.
  • Han, Dongmei
  • Zong, Yi

Abstract

This research investigates how fossil fuel extraction and the green education index influence the generation of environmentally friendly electricity in the ASEAN region from 2005 to 2022. Key findings indicate that a 1% rise in fossil fuel extraction results in a 0.59% decline in green power generation, impeding the shift to renewable energy sources. Conversely, a 1% enhancement in the green education index correlates with a 0.32% increase in green power generation, underscoring the significance of promoting environmental awareness. Additionally, the presence of Small and Medium-sized Enterprises (SMEs) positively affects green power generation, while inward Foreign Direct Investment (FDI) exerts a negative impact, often prioritizing cost efficiency over environmentally friendly initiatives. Surprisingly, an increase in GDP does not significantly impact green power generation, indicating limited growth in green economic endeavors in the ASEAN region. The study underscores the urgent need to decrease reliance on fossil fuels and suggests a comprehensive policy approach, including cleaner extraction methods, integrated green education, digitalization, development of green financial markets, and enhanced green cryptocurrencies, to facilitate a transition towards a more sustainable and environmentally responsible economy in the region.

Suggested Citation

  • Xiao, Zunlan & Duritan, Mary Josephine M. & Han, Dongmei & Zong, Yi, 2024. "How does Green education result in resource extraction and consumption sustainability?," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723013375
    DOI: 10.1016/j.resourpol.2023.104626
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    More about this item

    Keywords

    Green transformation; Green education; Fossil fuel extraction; Sustainable power generation; ASEAN;
    All these keywords.

    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • 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
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

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