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All Journal Jurnal Ekonomi, Teknologi dan Bisnis
Ronaldo Putra
Universitas Negeri Padang
Astronomy Economics, Econometrics & Finance Engineering Industrial & Manufacturing Engineering Mechanical Engineering

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Determinants of Green Investment and Renewable Energy Production in Six Asean Countries Ronaldo Putra; Alpon Satrianto
Jurnal Ekonomi Teknologi dan Bisnis (JETBIS) Vol. 5 No. 2 (2026): Jurnal Ekonomi, Teknologi dan Bisnis
Publisher : Al-Makki Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57185/frtxr366

Abstract

Green investment and renewable energy production in ASEAN-6 countries (Indonesia, Malaysia, Thailand, Vietnam, Singapore, and the Philippines) play a crucial role in driving sustainable development and meeting climate commitments under the Paris Agreement. However, the relationship between these two variables and their determinants remains complex and underexplored in the Southeast Asian context. This study analyzes the determinants affecting green investment and renewable energy production in Indonesia, Thailand, Malaysia, Vietnam, Singapore, and the Philippines. The research employs panel data analysis with a simultaneous equation model to examine the relationships between variables such as information and communication technology (ICT), financial development, energy prices, non-renewable energy, and technological innovation. The findings reveal that ICT and financial development have a significant positive impact on green investment. Furthermore, energy prices and technological innovation also play essential roles in increasing renewable energy production capacity. This study provides insights into the importance of policies supporting clean energy transition and investments in the renewable energy sector.
Co-Authors Alpon Satrianto