R. Adha, Cheng‐Yih Hong, Su-Fen Yang, Syamsiyatul Muzayyanah
{"title":"Re‐Unveiling the energy efficiency impact: Paving the way for sustainable growth in ASEAN countries","authors":"R. Adha, Cheng‐Yih Hong, Su-Fen Yang, Syamsiyatul Muzayyanah","doi":"10.1002/sd.3005","DOIUrl":null,"url":null,"abstract":"The Association of Southeast Asian Nations (ASEAN) heavily relies on fossil fuels to drive economic growth, making it one of the world's largest greenhouse gas emitters. Promoting energy efficiency has been proposed as a solution to mitigate this issue. However, the potential negative impact of energy efficiency on economic growth remains unclear. Therefore, this study aims to re‐evaluate the dynamic impact of overall energy efficiency on economic growth in ASEAN countries, considering climate change factors. Unlike prior studies, this research measures overall efficiency based on both persistent and transient components of energy efficiency. This study employs two key techniques: stochastic frontier analysis (SFA) to estimate the overall energy efficiency and panel vector autoregression (PVAR) to analyze the dynamic causal effects of determinants' shocks. The findings suggest that enhancing ASEAN's overall energy efficiency could result in an 85.9% reduction in total energy consumption, indicating high levels of inefficiency in the region. While extensive energy efficiency measures might induce a temporary economic contraction in ASEAN countries, the rate of decline seems to abate over the long term. This implies that the impact of the energy efficiency shock will be most prominent during initial growth stages, progressively waning over time. Additionally, this study confirms the presence of the Environmental Kuznets Curve (EKC) for climate change and economic growth.","PeriodicalId":9,"journal":{"name":"ACS Catalysis ","volume":"3 5","pages":""},"PeriodicalIF":11.3000,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"ACS Catalysis ","FirstCategoryId":"93","ListUrlMain":"https://doi.org/10.1002/sd.3005","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CHEMISTRY, PHYSICAL","Score":null,"Total":0}
引用次数: 0
Abstract
The Association of Southeast Asian Nations (ASEAN) heavily relies on fossil fuels to drive economic growth, making it one of the world's largest greenhouse gas emitters. Promoting energy efficiency has been proposed as a solution to mitigate this issue. However, the potential negative impact of energy efficiency on economic growth remains unclear. Therefore, this study aims to re‐evaluate the dynamic impact of overall energy efficiency on economic growth in ASEAN countries, considering climate change factors. Unlike prior studies, this research measures overall efficiency based on both persistent and transient components of energy efficiency. This study employs two key techniques: stochastic frontier analysis (SFA) to estimate the overall energy efficiency and panel vector autoregression (PVAR) to analyze the dynamic causal effects of determinants' shocks. The findings suggest that enhancing ASEAN's overall energy efficiency could result in an 85.9% reduction in total energy consumption, indicating high levels of inefficiency in the region. While extensive energy efficiency measures might induce a temporary economic contraction in ASEAN countries, the rate of decline seems to abate over the long term. This implies that the impact of the energy efficiency shock will be most prominent during initial growth stages, progressively waning over time. Additionally, this study confirms the presence of the Environmental Kuznets Curve (EKC) for climate change and economic growth.
期刊介绍:
ACS Catalysis is an esteemed journal that publishes original research in the fields of heterogeneous catalysis, molecular catalysis, and biocatalysis. It offers broad coverage across diverse areas such as life sciences, organometallics and synthesis, photochemistry and electrochemistry, drug discovery and synthesis, materials science, environmental protection, polymer discovery and synthesis, and energy and fuels.
The scope of the journal is to showcase innovative work in various aspects of catalysis. This includes new reactions and novel synthetic approaches utilizing known catalysts, the discovery or modification of new catalysts, elucidation of catalytic mechanisms through cutting-edge investigations, practical enhancements of existing processes, as well as conceptual advances in the field. Contributions to ACS Catalysis can encompass both experimental and theoretical research focused on catalytic molecules, macromolecules, and materials that exhibit catalytic turnover.