Abstract
In our study from 2000 to 2021, using the CS-ARDL technique, we explored green energy adoption in 15 ASEAN+6 countries. These nations, including Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam, China, Japan, South Korea, Australia, India, and New Zealand, revealed the critical role of good governance in accelerating green energy deployment. Effective regulation and reduced corruption fostered a favorable environment for renewable energy adoption. GDP size acted as a long-term driver but sometimes led to short-term reliance on carbon-intensive sources. Financial development catalyzed the long term, while CO2 emissions posed barriers in the short and long term. Population size slowed short-term deployment, emphasizing the need for energy policy reforms. Foreign Direct Investment (FDI) played a key long-term role, with limited short-term impact. A multifaceted policy approach is crucial for promoting green energy, including transparent regulation, anti-corruption measures, incentives, environmental regulations, attractive investment climates, green job creation, and sustainable financial development.
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The datasets generated during and/or analyzed during the current study are available from the corresponding author on reasonable request.
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Zuo, X., Ding, H. Green energy adoption in ASEAN+6 countries: policy and legal insights for sustainable development. Econ Change Restruct 57, 61 (2024). https://doi.org/10.1007/s10644-024-09637-6
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DOI: https://doi.org/10.1007/s10644-024-09637-6