The Link between Economic Growth, Electricity Consumption, and CO2 Emissions: Evidence from Indonesia

Marwa, Taufiq; Bashir, Abdul; Atiyatna, Dirta Pratama; Hamidi, Ichsan; Mukhlis, Mukhlis; Sukanto, Sukanto

doi:10.15408/sjie.v11i2.26286

Cited by 4 publications

(2 citation statements)

References 49 publications

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“…The case in Indonesia of carbon dioxide emissions and consumption of renewable energy-hydropower is significantly positive for economic growth in the long term and short term, while consumption of renewable energy-thermal earth, biomass, and other sources have a significant negative effect on economic growth, during 1990-2020. (Marwa et al, 2022) CO 2 emissions encourage Indonesia's economic growth because pollution control is less than optimal in the short term. Indonesia needs to implement development policies that prioritize pollution control, emission taxes, and energy conservation on electricity consumption, such as the use of renewable energy consumption.…”

Section: Discussionmentioning

confidence: 99%

The Relationship between the Renewable Energy and CO2 Emissions to the Indonesian Economy

Wahyudi

2024

IJEEP

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The Indonesian government through the National Energy Council (DEN) has a target for new renewable energy to be increased, starting from 2025 with a target of 23 percent to 2060 with a target of 66 percent, but in fact new renewable energy in Indonesia only increases 0.55 percent per year. Indonesia has great potential, but can the potential be maximized by the government in the direction of a better and environmentally friendly energy policy. This study analyzes the movement of renewable energy and C02 emissions to the Indonesian economy from 1990-2021, using the Vector Error Correction Model (VECM) statistical method by considering short-term and long-term results in the model. The results show that in the long and short term economy the role of GDP per unit of energy use for the economy is needed and has a positive effect, the role of carbon emissions in the short and long term C02 has a positive and significant direction, non-renewable energy in the long term and short term is still moving negative and significant, this indicates that renewable energy in Indonesia tends to be low, energy replacement must be carried out slowly and gradually, shock response conditions conclude when GDP energy use and CO2 are affected by a negative shock will disrupt economic development, meanwhile, if there is a negative shock on consumption Renewable energy still tends to be stable and positive for the development of the Indonesian economy.

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Section: Discussionmentioning

confidence: 99%

The Relationship between the Renewable Energy and CO2 Emissions to the Indonesian Economy

Wahyudi

2024

IJEEP

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“…Penelitian ini sejalan dengan uji ynag dilakukan oleh (Wang et al, 2011) di negara China dan juga (Marwa et al, 2022) di Indonesia. Hal tersebut memang dapat kita jabarkan dimana saat ini penggunaan energi listrik sudah seperti kebutuhan pokok yang mendasar manusia.…”

Section: ) Variabel Konsumsi Energi Listrikunclassified

Hubungan Antara Tingkat Konsumsi Energi Listrik dengan Pertumbuhan Ekonomi di Indonesia

Prastika

2023

JIE

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This study aims to determine the relationship between electricity consumption and economic growth in 34 provinces of Indonesia. The method used is multiple regression. From the data processing, it is obtained that all independent variables simultaneously have a significant effect on the dependent variable. Partially the variables of Electrical Energy Consumption, Total Investment, and Regional Expenditures have a significant effect. In contrast, the variable Population has no significant effect on the variable Economic Growth in 34 provinces of Indonesia. It can be concluded that there is a relationship between electricity consumption and economic growth in 34 provinces of Indonesia. Penelitian ini bertujuan untuk mengetahui hubungan antara tingkat konsumsi energi listrik terhadap pertumbuhan ekonomi di 34 provinsi Indonesia. Metode yang digunakan adalah Analisis regresi berganda. Dari olah data yang dilakukan diperoleh hasil bahwa seluruh variabel bebas secara simultan berpengaruh signifikan terhadap variabel terikat, sedangkan secara parsial variabel Konsumsi Energi Listrik, Total Investasi, dan Belanja Daerah berpengaruhi signifikan, sedangkan variabel Jumlah Penduduk berpengaruh tidak signifikan terhadap variabel Pertumbuhan Ekonomi di 34 provinsi Indonesia. Dapat disimpulkan bahwa terdapat hubungan antara konsumsi energi listrik dengan pertumbuhan ekonomi di 34 provinsi Indonesia.

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Planning and Policy Direction for Utilization of Renewable Energy in Sustainable Development in Indonesia

Wahyudi,

Ciptawaty,

Ratih

2024

Wseas Transactions on Business and Economics

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The Indonesian government through the National Energy Council (DEN) has a target for new renewable energy to be increased, starting from 2025 with a target of 23 percent to 2060 with a target of 66 percent, but ,new renewable energy in Indonesia only increases 0.55 percent per year. Indonesia has great potential, but can the potential be maximized by the government in the direction of a better and environmentally friendly energy policy. This study analyzes the movement of renewable energy and CO2 emissions to the Indonesian economy from 1990-2021, using the Vector Error Correction Model (VECM) statistical method by considering short-term and long-term results in the model. The results show that in the long and short-term economy the role of GDP per unit of energy use for the economy is needed and has a positive effect, the role of carbon emissions in the short and long term CO2 has a positive and significant direction, non-renewable energy in the long term and short term is still moving negative and significant, this indicates that renewable energy in Indonesia tends to be low, energy replacement must be carried out slowly and gradually, shock response conditions conclude when GDP energy use and CO2 are affected by a negative shock will disrupt economic development, meanwhile, if there is a negative shock on consumption Renewable energy still tends to be stable and positive for the development of the Indonesian economy.

show abstract

The Link between Economic Growth, Electricity Consumption, and CO2 Emissions: Evidence from Indonesia

Cited by 4 publications

References 49 publications

The Relationship between the Renewable Energy and CO2 Emissions to the Indonesian Economy

The Relationship between the Renewable Energy and CO2 Emissions to the Indonesian Economy

Hubungan Antara Tingkat Konsumsi Energi Listrik dengan Pertumbuhan Ekonomi di Indonesia

Planning and Policy Direction for Utilization of Renewable Energy in Sustainable Development in Indonesia

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