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

Author(s)

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

Country(ies)

Publisher

Published Date

April 2024

Access

Close

DOI

https://doi.org/10.1016/j.renene.2023.04.116
Affiliation
aSchool of Finance and Accounting, Fuzhou University of International Studies and Trade, China
bFaculty of Business, City University of Macau, Macau, China
cNational Economics University, 207, Giai Phong St., Hai Ba Trung Dist., Hanoi, Vietnam
dFaculty of Accounting & Auditing, Foreign Trade University, Vietnam
eUniversity of Economics Ho Chi Minh City (UEH), Ho Chi Minh City, Vietnam
fFaculty of Business Administration, Van Lang University, 69/68 Dang Thuy Tram Street, Ward 13, Binh Thanh District, Ho Chi Minh City, Vietnam
gSchool of Government, University of Economics Ho Chi Minh City (UEH), Ho Chi Minh City, 72407, Vietnam
hResearch 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.

Stay updated!