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Zero-carbon energy transition in ASEAN countries: The role of carbon finance, carbon taxes, and sustainable energy technologies

Keyword(s)

ASEAN member states , Electricity , Emissions , Greenhouse gas

Author(s)

FengSheng Chien, Trong Lam Vu, Thi Thu Hien Phan, Sang Van Nguyen, Nguyen Ho Viet Anh, Thanh Quang Ngo

Country(ies)

ASEAN

Publisher

Elsevier

Published Date

May 2023

Access

Open

DOI

https://doi.org/10.1016/j.renene.2023.04.116

JOURNAL LINK

Affiliation
a) School of Finance and Accounting, Fuzhou University of International Studies and Trade, China
b) Faculty of Business, City University of Macau, Macau, China
c) National Economics University, 207, Giai Phong St., Hai Ba Trung Dist., Hanoi, Vietnam
d) Faculty of Accounting & Auditing, Foreign Trade University, Vietnam
e) University of Economics Ho Chi Minh City (UEH), Ho Chi Minh City, Vietnam
f) Faculty of Business Administration, Van Lang University, 69/68 Dang Thuy Tram Street, Ward 13, Binh Thanh District, Ho Chi Minh City, Vietnam
g) School of Government, University of Economics Ho Chi Minh City (UEH), Ho Chi Minh City, 72407, Vietnam
h) Research Group Public Governance and Developmental Issues, University of Economics Ho Chi Minh City (UEH), Ho Chi Minh City, 72407, Vietnam

Abstract

ASEAN are struggling due to gigantic challenges related to climate complexities and energy scarcity. In this regard, this is the prime concern of region that how low carbon energy transition can be embraced when there is a high consumption of non-renewable ratio in energy mix. Hence, the study examines the role of carbon finance, carbon taxes, sustainable energy technologies (solar and hydroelectric), industrialization, and population growth on the low-carbon energy transition by following MMQR approach. Outcomes indicate that carbon finance, carbon taxes, sustainable energy technologies (solar and hydroelectric), industrialization, and population growth are positively linked with low-carbon energy transition in ASEAN countries. Based on the evidences, it implies that in order to accelerate renewable shares, clean technologies adoption and green investment in climate friendly methods are needed to achieve zero-carbon goal.

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