CATALYSING GREEN ENERGY IN ASIA: THE IMPACT OF GREEN INVESTMENT AND GREEN ECONOMIC GROWTH
DOI:
https://doi.org/10.35631/JTHEM.1144011Keywords:
Dynamic Panel GMM Analysis, Green Energy, Green Growth, Green InvestmentAbstract
In recent years, a growing body of empirical evidence has documented the role of green energy in facilitating the transition to low-carbon development and mitigating environmental degradation. To advance green energy development across Asian countries, this study investigates how green investment and green economic growth influence green energy consumption over the period of 2010 to 2021. Adopting generalised method of moments (GMM) estimators, the empirical results reveal that green investment and green growth are positive and statistically significant determinants of green energy. This study contributes to the formulation of informed and effective policy measures aimed at strengthening the green energy sector and support long-term sustainable development goals. Empirical evidence suggests that translating green development gains into measurable outcomes is associated with a stronger contribution of green investment and green economic growth to the expansion of the green energy sector.
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