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Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute

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asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
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Published: 28 June 2021

Renewable Energy Consumption and Economic Growth in Asia Pacific

Pisi Bethania Titalessy

Duta Wacana Christian University, Indonesia

asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, management journal

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doi

10.31014/aior.1992.04.02.362

Pages: 265-270

Keywords: Renewable Energy, Sustainable, Economic Growth, Consumption

Abstract

The problem of climate change is increasingly global and results in environmental damage due to the use of fossil energy in human activities. An increasing population will make energy consumption increase and can make things worse. Therefore, it is necessary to replace old energy with alternative energy that is more environmentally friendly and makes productivity effective and efficient. Renewable energy is pointed out as an alternative energy source that is environmentally friendly and the process is sustainable because it is always available in nature. Renewable energy is expected to increase the country's national income. This study aims to analyze the impact of renewable energy on economic growth in the Asia Pacific region as a whole. By using data from 2000-2015, panel data analysis in this study shows that Renewable Energy Consumption (REC) has a negative and significant relationship to economic growth, while renewable energy and combustible waste (CRW) has a significant and positive effect on economic growth.

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