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Journal : IIJSE

ENERGY TRANSITION IN ASEAN–6: EMPIRICAL EVIDENCE ON THE IMPACT OF ECONOMIC GROWTH, CARBON EMISSIONS, AND FOREIGN INVESTMENT Rhani, Nanda Muthiah; Azwardi, Azwardi Muthiah; Bashir, Abdul Muthiah
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.9970

Abstract

This study analyzes the influence of economic growth, carbon emissions, and Foreign Direct Investment (FDI) on renewable energy consumption in Indonesia, Singapore, Malaysia, Vietnam, the Philippines, and Thailand. The data used is panel data, with the selected model being the Fixed Effect Model (FEM). The results show that economic growth and FDI play a role in driving increased renewable energy consumption, while carbon emissions remain a challenge in the transition to green energy. Overall, economic dynamics, the environment, and foreign investment are closely linked in determining the direction of renewable energy development in this region. Therefore, policies that support investment in green energy, strengthening environmental regulations, and developing renewable energy infrastructure are needed to ensure future energy sustainability.