Jurnal Ekonomi, Teknologi dan Bisnis
Vol. 5 No. 2 (2026): Jurnal Ekonomi, Teknologi dan Bisnis

Determinants of Green Investment and Renewable Energy Production in Six Asean Countries

Putra, Ronaldo (Unknown)
Satrianto, Alpon (Unknown)



Article Info

Publish Date
27 Feb 2026

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.

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Journal Info

Abbrev

al

Publisher

Subject

Astronomy Economics, Econometrics & Finance Engineering Industrial & Manufacturing Engineering Mechanical Engineering

Description

urnal Ekonomi, Teknologi dan Bisnis (JETBIS) is a double blind peer-reviewed academic journal and open access to social and scientific fields. The journal is published monthly once by Al-Makki Publisher. Jurnal Ekonomi, Teknologi dan Bisnis (JETBIS) provides a means for sustained discussion of ...