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Green Economy and Renewable Energy Focusing on the Biomass Energy Source

Author

Listed:
  • Mohammed Hussien
  • Chamhuri Siwar
  • Rashidah Alam
  • Abdul Hamid Jafar
  • Norasikin Ludin

Abstract

Since conventional energy resources are major source of CO2 emission, over reliance on fossil fuels has raised questions on environmental sustainability. On way to address these multi-faceted issues of conventional energy sources, the sustainability of energy and environment is through the green economy approach. As such, this paper aims to discuss the concept of green economy in relation with renewable energy. The interdependence of green economy and environmental quality as well as the compatibility of green economy approach with the notion of sustainable development are demonstrated in the paper. Green economy approach fulfils the methodological gaps that exist in the growth models. It is believed that the best economic tool to attain sustainable development goals is by integrating social, economic and environmental elements. Furthermore, energy is believed to be a significant player in determining the greenness of the economy and sustainability as it has economic and environmental value. In addition, this study illustrates the significance of biomass energy resource and CO2 emissions from fossil fuel combustion. The illustration framework justifies that biomass is the determinant renewable energy source to be a proxy for renewable energy resources. Similarly, it justifies that CO2 emission of energy sector is considerably significant to represent the CO2 emissions of the atmosphere.

Suggested Citation

  • Mohammed Hussien & Chamhuri Siwar & Rashidah Alam & Abdul Hamid Jafar & Norasikin Ludin, 2016. "Green Economy and Renewable Energy Focusing on the Biomass Energy Source," Journal of Sustainable Development, Canadian Center of Science and Education, vol. 9(3), pages 1-56, April.
    • Handle: RePEc:ibn:jsd123:v:9:y:2016:i:3:p:56
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    References listed on IDEAS

    as
    1. Stockhammer, Engelbert & Hochreiter, Harald & Obermayr, Bernhard & Steiner, Klaus, 1997. "The index of sustainable economic welfare (ISEW) as an alternative to GDP in measuring economic welfare. The results of the Austrian (revised) ISEW calculation 1955-1992," Ecological Economics, Elsevier, vol. 21(1), pages 19-34, April.
    2. Alam, Mohammad Jahangir & Begum, Ismat Ara & Buysse, Jeroen & Rahman, Sanzidur & Van Huylenbroeck, Guido, 2011. "Dynamic modeling of causal relationship between energy consumption, CO2 emissions and economic growth in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(6), pages 3243-3251, August.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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