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Fostering Green Growth In Asean By Strengthening Sme Contributions To Carbon Neutrality

In: SUSTAINABLE GROWTH AND GREEN POLICIES Navigating Energy and Environmental Challenges

Author

Listed:
  • NAOYUKI YOSHINO
  • EHSAN RASOULINEZHAD
  • HAN PHOUMIN
  • FARHAD TAGHIZADEH-HESARY
  • LILU VANDERCAMME

Abstract

In numerous Asian nations, small and medium-sized enterprises (SMEs) are pivotal to economic growth, yet often remain beyond the reach of environmental regulations, which predominantly target larger corporations. This research investigates the link between SME activities and carbon emissions in ASEAN countries from 2010 to 2020, utilizing a fully modified ordinary least squares (FMOLS) model. The analysis reveals that SME operations substantially contribute to CO2 emissions, indicating a disconnect between environmental protection efforts and sustainable development goals. To guide SMEs toward carbon neutrality, the study recommends implementing specific green finance policies, expanding environmental regulations to encompass SMEs, and overhauling banking lending practices to promote sustainability based on SMEs’ environmental performance. These strategies aim to incorporate SMEs into ASEAN’s broader green growth and sustainable development agenda.

Suggested Citation

  • Naoyuki Yoshino & Ehsan Rasoulinezhad & Han Phoumin & Farhad Taghizadeh-Hesary & Lilu Vandercamme, 2025. "Fostering Green Growth In Asean By Strengthening Sme Contributions To Carbon Neutrality," World Scientific Book Chapters, in: Farhad Taghizadeh-Hesary & Naoyuki Yoshino & Nawazish Mirza & Muhammad Mohsin (ed.), SUSTAINABLE GROWTH AND GREEN POLICIES Navigating Energy and Environmental Challenges, chapter 1, pages 1-22, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819812783_0001
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    Keywords

    Sustainable Growth; Green Policies; Energy Transition; Green Finance; Carbon Neutrality; Renewable Energy; Climate Change Policy; Environmental Sustainability; Economic Recovery; Carbon Markets; Sustainable Development; Energy Policy; Green Economic Recovery; Low-Carbon Economy; Financial Mechanisms For Sustainability; Climate Finance; Macroeconomic Policies and Sustainability; ESG Investing; Climate Resilience; Clean Energy Investment; Green Bonds; Sustainable Finance; Carbon Pricing; Energy Efficiency; Emerging Economies and Sustainability; Renewable Energy Financing; Circular Economy; Sustainable Investment; Climate Risk Assessment; Just Transition; ASEAN Energy Transition; BRICS Economies and Sustainability; OECD Green Policies; China's Carbon Market; EU Climate Policies; Southeast Asia Renewable Energy; Developing Economies and Climate Finance; Energy Poverty and Sustainable Solutions; Public Spending and Green Recovery; Net-Zero Policies; Econometric Models in Sustainability; Quantitative Analysis of Energy Markets; Cross-Sectional Autoregressive Distributed Lag Models; Behavioral Finance and Renewable Energy Investment; Policy Evaluation Frameworks; Decarbonization; Sustainable Development Goals; Green Growth;
    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
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment

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