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All Journal International Journal of Application on Economics and Business
Huyen, Nguyen Thi Thanh
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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THE CASE STUDY OF INDONESIA’S EMISSION TRADING SYSTEM AND LESSONS LEARNED FOR VIETNAM Huyen, Nguyen Thi Thanh; Chau, Nguyen Minh; Thao, Do Thu; Anh, Dang Chau
International Journal of Application on Economics and Business Vol. 2 No. 4 (2024): November 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i4.509-523

Abstract

Climate change has increasingly become a concerning threat in the past few decades. Aware of this reality, developing nations are actively engaged to mitigate greenhouse gas emissions. One of these engagements is the implementation of emmission trading system. This article aims to compare the effectiveness of Indonesia's and Vietnam’s expected emmission trading system to propose policy implications for Vietnamese governments. By using the desk study through analyzing and synthesizing documents, the authors conduct the assessment of these two emmission trading systems against five criteria: environmental effectiveness, economic efficiency, market management, revenue management, and stakeholder engagement. The recent implementation of emmission trading system in Indonesia demonstrates that most criteria are evaluated at low and medium levels and some of them do not have already available data for research. Similarly, Vietnam’s expected emmission trading system has little information to analyze. From the research results, the paper proposes several market management features that can be applied in the context of Vietnam.
THE DYNAMIC INFLUENCE OF INNOVATION AND RENEWABLE ENERGY CONSUMPTION ON SUSTAINABLE DEVELOPMENT: AN EVALUATION OF VIETNAM Ngan, Dao Phuong; Huyen, Nguyen Thi Thanh; Nguyen, Nguyen Thao; Trang, Tran Mai
International Journal of Application on Economics and Business Vol. 2 No. 4 (2024): November 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i4.617-627

Abstract

At the COP26, Prime Minister Pham Minh Chinh stressed the role of climate change and environmental management in economic growth. Vietnam has committed to a clean energy transition, phasing out coal, and achieving net-zero CO2 emissions by 2050, demonstrating its efforts to combat climate change. This paper aimed to explore the relationship between the change of CO2 emissions and factors including renewable energy consumption, population growth rate, GDP per capita, and innovative advances by using the ARDL model covering periods from 1990 to 2021. The results indicated that long-term increases in renewable energy and population growth can reduce CO2 emissions. However, a positive relationship is found between economic growth and CO2 emissions within the same period observed. Whereas innovation was not a determinant of CO2 emissions in the long run. In the shorter term, lags of renewable energy can lead to increased CO2 emissions while lags of innovation and economic growth exhibited a negative impact on emissions. Meanwhile, population growth’s lags have no significant effect on CO2 emissions. Based on these research findings, this paper suggested some comments on the transition to consumption of clean and renewable energy, hopefully achieving net zero by 2050.
Co-Authors Anh, Dang Chau Chau, Nguyen Minh Ngan, Dao Phuong Nguyen, Nguyen Thao Thao, Do Thu Trang, Tran Mai