Renewable energy consumption, CO2 emissions, and economic growth: Evidence from Indonesia
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Khairul Aswadi
Nazwa Ramazanna
Kong Chanpanith
Mai Simahatie
Murni
Muhammad Ferdiananda Chadafi
Keywords:
Renewable energy consumption
CO2 emissions
economic growth
This study aims to examine the correlation between renewable energy, carbon dioxide emissions (CO2), and economic development in Indonesia. This study uses a quantitative methodology, namely cointegration regression. This study uses data from 1980 to 2019. The findings show that renewable energy utilization has a negative impact on Indonesia's economic growth. This is because renewable energy generation is still constrained while the demand for renewable energy increases. Indonesia's economic growth has a favorable impact on CO2 emission levels. This is because fossil energy consumption is still very high in Indonesia. Energy use, in general, has a favorable impact on the national economy.