Research Database

The association between economic growth (EG) and environmental degradation (ED) has been highlighted extensively in prior studies. However, investigation regarding ‘technological innovation and clean energy role’ in dealing with environmental concerns has comprised limited context while considering the ASEAN economies under sustainable development goals. Therefore, the study attempts to investigate the phenomenon by using CS-ARDL analysis under short as well as long run. The findings through CS-ARDL in long- and short-run indicate that REN have impact carbon emission and ecological footprints negatively. Additionally, the EG in targeted economies is causing a higher level of CE and ecological footprints. Whereas, GDP2ofund to be significant in lowering the ED in the form of CE and ecological footprints. It is suggested that policies related to CE through EG should be developed in order to control the environmental issues in the future.

Strategies to balance output growth and global warming are an important matter of discussion in the current environmental management literature. A decrease in energy prices encourages energy consumption. As energy subsidies and oil prices are a major influence on the overall energy price, they also influence the level of CO2 emissions associated with output growth. In this article, we investigate the asymmetric impact of energy subsidies, oil prices, and economic output on CO2 emissions. We used a panel dataset of 20 selected oil producing countries in Asia from 2010 to 2018. We employed threshold analysis to acquire further knowledge concerning the asymmetric impact of energy subsidies, oil prices, and output on CO2 emissions. Our findings suggest that while an energy subsidy was significant in terms of resultant CO2 emissions, energy subsidies had a greater impact on CO2 emissions when the oil price is low. However, energy subsidies are not expected to cause significantly higher CO2 emissions when the value of the subsidy is at a low level. Third, these relationships follow the pattern consistent with the environmental Kuznets curve hypothesis only when the energy subsidy is relatively high. We consider an energy subsidy rationalisation program could serve to meet environmental management goals in energy use.

Given the growing international pressure to mitigate climate change and increasing fears around climate impacts, current expectations of continued investment in fossil fuels in Southeast Asia’s power sector appear puzzling. This paper explores how power sector investors perceive climate-related risks and how they factor these risks into investment decision-making. In doing so, we seek to explain why countries in Southeast Asia are making plans for – and investors are continuing to invest in – predominantly fossil fuel-based power generation at the expense of renewable or clean generation options, and what it would take to substantially shift investment from fossil fuel-based generation into renewable options in the region. Analysis of 17 interviews with industry experts suggests that there is a significant gap between the need to integrate climate-related risks within investor decision-making, and the way these risks are currently being integrated and addressed in the Southeast Asia power sector. Climate-related risk appears to be either not a significant factor, ignored in light of other concerns, or only superficially integrated into decision-making. The results of this research point to an urgent need for action targeted at energy-sector investors in the region in order to shed light on climate-related risks, share information on the likelihood and magnitude of risks, lay out clearly the potential for stranded assets in a 10–15-year time frame, and encourage transparent, open and respectful dialogue and discussion on these critical issues.

This article examines the diffusion of the principle of ‘common but differentiated responsibilities’ (CBDR) from the United Nations (UN) to the Association of Southeast Asian Nations (ASEAN). Despite its varying interpretations in international negotiations since the 1992 United Nations Framework Convention on Climate Change (UNFCCC), CBDR’s meaning hardly experienced any change in ASEAN. ASEAN’s different interpretation of CBDR from the UN matched the unchanging internal and external role expectations of ASEAN, which were a product of member states’ learning and conditioned by cognitive priors in the region. Cognitive priors in the climate change context included the ‘ASEAN Way’ of collaboration and member states’ deep-seated aspirations for development. The empirical study shows that internally, ASEAN acted as an interactive space for information exchange and a relationship facilitator; externally, it has embraced the position as the voice amplifier for member states in international negotiations. Maintaining the UNFCCC version of CBDR tallied well with ASEAN’s role expectations to: 1) provide member states with room to develop national actions that meet their respective priorities (internal); and 2) put member states in a better position to defend their interests in negotiating adaptation and mitigation responsibilities with extra-regional states (external).

Relying on published literature, we reviewed water-energy-food issues in Lao PDR in the context of a policy shift to more sustainable ‘green growth’ and significantly increased infrastructure investment resulting from China’s Belt and Road Initiative. The BRI provides the prospect for the country to address its infrastructure deficit and transform from a ‘land-locked’ to a ‘land-linked’ country. However, great care is needed to ensure that future investments do not result in further environmental degradation and harm to communities. An integrated ‘nexus’ approach, in which enhanced water management is central, is a prerequisite for more inclusive and sustainable development.

The latest Intergovernmental Panel on Climate Change report notes the importance of mobilising green finance in order to limit global warming to 1.5°C and prevent catastrophic climate change. Fully implementing the Paris Agreement to meet this climate target will require US$ 1.5 trillion in green financing annually through 2030, according to the United Nations Framework Convention on Climate Change. At the same time, raising green finance is key to meeting Asia’s surging energy demand, which is fuelled by economic growth, population growth, and enhanced energy access. Two-thirds of global energy-demand growth will occur in the Developing Asia by 2040. Therefore, scaling up green finance in Asia is needed.

Mobilizing private finance for renewable energy and energy efficiency is critical for Association of South-East Asian Nations (ASEAN) not only for the reduction of global temperature rise but also for meeting fast-growing energy demand. Two-thirds of green bonds issued in ASEAN were used to finance renewable energy and energy efficiency projects. This paper provides a review of green bond issuance and green bond policies in ASEAN. Issuance of green bonds in top three green bond issuing countries in ASEAN, i.e. Indonesia, Malaysia and Singapore, are reviewed in detail. Green bond policies in ASEAN are effective in promoting green bond issuance. However, this does not mean that green bond policies are effective in promoting renewable energy and energy efficiency projects in ASEAN. Proceedings of green bonds issued in ASEAN can be used for financing projects abroad or re-financing past loans, thus do not necessarily promote green investments in ASEAN.

This paper aims to evaluate the policies targeted at regulating automobile emissions among ASEAN countries but with specific attention to the Philippines. Technology-based regulations on motor vehicles play an important role in reducing green-house gas emissions. However, regulations differ based on the level of economic development, policies and technological base of each country. This paper uses an example of the Euro 4 automobile emission regulations to examine its implementation process and strategies of each ASEAN countries. It subsequently focuses on the Philippines to analyse the role of government, multinational automobile manufacturers and local suppliers. The findings show that the strategies of automobile manufacturers have positively affected local suppliers’ technological capabilities.

This article analyses climate mitigation impact once the Association of Southeast Asian Nations (ASEAN) introduce their respective Intended Nationally Determined Contribution (INDC) using dynamic non-linear computable general equilibrium modelling and 2010 input-output tables. The results indicate that atmospheric concentration of carbon and temperatures under the business as usual (BAU) scenario will fall from 390 PPM and 0.80°C respectively in 2010 to 351PPM and 0.79°C respectively, whereas under the optimal scenario it will fall to 329PPM and 0.71°C respectively in 2060. Cumulative climate damage under BAU and optimal scenarios will remain the same at MYR8.0 Billion, MYR14.3 Billion and MYR 24.8 Billion respectively in 2010, 2015 and 2020 but it will rise after that to MYR579 Billion under the former compared to MYR513 Billion under the latter in 2060. The reduction in carbon emissions shall also be achieved without a tangible fall in GDP per capita.