Effect of Renewable Energy Consumption on Environmental Degradation in ASEAN Countries

Authors

  • Norashida Othman Department of Economics and Financial Studies, Faculty of Business and Management, University Teknologi MARA, Puncak Alam Campus 42300 Selangor
  • Rishan Sampath Hewage Department of Accountancy and Finance, Faculty of Management Studies Sabaragamuwa University of Sri Lanka, Belihuloya, Sri Lanka
  • Jaafar Pyeman Department of Economics and Financial Studies Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Selangor, Malaysia
  • Farah Raihana Ismail Academic Department, Faculty of Business, YPC International College, Kuala Lumpur, Malaysia

DOI:

https://doi.org/10.21834/e-bpj.v8i25.4830

Keywords:

Domestic Savings, Renewable Energy Consumption, Environmental Degradation, Pooled Mean Group

Abstract

This study focused on estimating the long-run and short-run relationship of dross domestic savings, development of the industrial sector, and renewable energy consumption towards the environmental degradation in Association of Southeast Asian (ASEAN) countries. We conducted the Pooled Mean Group (PMG) estimation techniques developed by Pesaran et al.(1999). The results highlighted that all the variables present significant environmental degradation while using renewable energy has abolished environmental pollution in ASEAN countries. Therefore, policymakers must take action to design sustainable economic development mechanisms and convert industrial investments to environmentally friendly projects to improve green technology.

Author Biographies

Norashida Othman, Department of Economics and Financial Studies, Faculty of Business and Management, University Teknologi MARA, Puncak Alam Campus 42300 Selangor

Norashida Othman, Ph.D. is a senior lecturer from Universiti Teknologi MARA, Puncak Alam campus (https://orcid.org0000-0003-2461-8385). She pursued her degree in Economics at Universiti Kebangsaan Malaysia and then continued her Master's Degree, specializing in Economics Development at Universiti Kebangsaan Malaysia. She received the scholarship to pursue her Ph.D. in International Economics at Universiti Putra Malaysia. She is currently appointed Board Member and Treasurer of the Association of Malaysian Environment-Behaviour Researchers (AMER). She is very interested in research and is actively involved in a number of research grants as well as consulting projects.

Rishan Sampath Hewage, Department of Accountancy and Finance, Faculty of Management Studies Sabaragamuwa University of Sri Lanka, Belihuloya, Sri Lanka

Rishan Sampath Hewage is Senior Lecturer in the Department of Accountancy and Finance, Faculty of Management Studies, Sabaragamuwa University of Sri Lanka, Belihul Oya, Sri Lanka (https://orcid.org/0000-0001-7107-876X). He got his bachelor’s degree from the Sabaragamuwa University of Sri Lankan in Financial Management. Further, a Master’s degree from the University of Sri Jayewardeneura. He can be contacted at the Department of Accountancy and Finance, Faculty of Management Studies, Sabaragamuwa University of Sri Lanka, Belihuloya 70140, Sri Lanka.

Jaafar Pyeman, Department of Economics and Financial Studies Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Selangor, Malaysia

Professor Dr. Jaafar Pyeman is a Professor in Finance at the Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Malaysia. He has broad experiences in leading the organizations as he was previously appointed as a Director of the Institute of Business Excellence (IBE), Dean of Arshad Ayub Graduate Business School (AAGBS), Deputy Dean (Research and Industrial Linkages) of the Faculty of Business Management (FBM), Head of Professional & Offshore Program at Arshad Ayub Graduate Business School (AAGBS) and Head of Postgraduate Studies at Malaysia Institute of Transport (MITRANS). He had also experience as Senate Member of the University, Board Member of Research Council, Board Member of Postgraduate Academic Council, Board Member of Examination Council, Fellow of Institute of Business Excellent (IBE), and Fellow of Malaysia Institute of Transport (MITRANS).

Farah Raihana Ismail, Academic Department, Faculty of Business, YPC International College, Kuala Lumpur, Malaysia

Farah Raihana Ismail is lecturer at Academic Department, YPC International College in
Malaysia (orcid.org/0000-0001-5554-1494). She acquired her Bachelor's degree from UiTM
Segamat Johor in Malaysia. She received the Vice Chancellor award from UiTM Malaysia for
outstanding performance during her Bachelor's degree programme. She received her master's
degree in business administration with a specialization in marketing from the UPM Graduate
School of Management. She was appointed as a graduate research fellow at Universiti Putra
Malaysia (UPM) during her PhD candidature and received a PhD in Business Economics
scholarship at UPM. She was awarded first place in the Phd Category in the Malaysia National
Research Pitching Competition. She is an enthusiastic and dedicated academic who
constantly seeks opportunities to flourish and publish.

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Published

2023-07-31

How to Cite

Othman, N., Hewage, R. S., Pyeman, J., & Ismail, F. R. (2023). Effect of Renewable Energy Consumption on Environmental Degradation in ASEAN Countries. Environment-Behaviour Proceedings Journal, 8(25), 167–174. https://doi.org/10.21834/e-bpj.v8i25.4830

Issue

Vol. 8 No. 25 (2023): Jul. AcE-Bs2023KualaTerengganu, 14-16 Jul 2023

Section

Sustainable Environment

License

Copyright (c) 2023 Norashida Othman, Rishan Sampath Hewage, Jaafar Pyeman, Farah Raihana Ismail

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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