Re‐Unveiling the energy efficiency impact: Paving the way for sustainable growth in ASEAN countries

IF 9.9 1区环境科学与生态学 Q1 DEVELOPMENT STUDIES

Sustainable Development Pub Date : 2024-04-12 DOI:10.1002/sd.3005

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":48174,"journal":{"name":"Sustainable Development","volume":null,"pages":null},"PeriodicalIF":9.9000,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Sustainable Development","FirstCategoryId":"93","ListUrlMain":"https://doi.org/10.1002/sd.3005","RegionNum":1,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"DEVELOPMENT STUDIES","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.

查看原文本刊更多论文

重新认识能源效率的影响：为东盟国家的可持续增长铺平道路

东南亚国家联盟（东盟）严重依赖化石燃料来推动经济增长，使其成为世界上最大的温室气体排放国之一。提高能效已被提出作为缓解这一问题的解决方案。然而，能源效率对经济增长的潜在负面影响仍不明确。因此，考虑到气候变化因素，本研究旨在重新评估东盟国家整体能源效率对经济增长的动态影响。与以往研究不同的是，本研究根据能源效率的持久性和瞬时性两部分来衡量总体效率。本研究采用了两种关键技术：随机前沿分析（SFA）估算总体能源效率，面板向量自回归（PVAR）分析决定因素冲击的动态因果效应。研究结果表明，提高东盟的总体能源效率可使能源消耗总量减少 85.9%，这表明该地区的能源效率很低。虽然广泛的能源效率措施可能会引起东盟国家经济的暂时收缩，但从长期来看，下降的速度似乎会减慢。这意味着能效冲击的影响在经济增长初期最为突出，随着时间的推移会逐渐减弱。此外，本研究还证实了气候变化与经济增长之间存在环境库兹涅茨曲线（EKC）。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Sustainable Development Multiple-

CiteScore

17.30

自引率

11.20%

发文量

168

期刊介绍： Sustainable Development is a publication that takes an interdisciplinary approach to explore and propose strategies for achieving sustainable development. Our aim is to discuss and address the challenges associated with sustainable development and the Sustainable Development Goals. All submissions are subjected to a thorough review process to ensure that our readers receive valuable and original content of the highest caliber.