Environmental Sustainability Development in Indonesia Integrating with the Green Economy: a VECM Analysis
Year: 2024
Type: conference-paper
Abstract: This study aims to examine and analyze factors that influence sustainable environmental development in Indonesia through the Green Economy policy. The issue of sustainable development is increasingly crucial amidst increasing global emissions that threaten human safety. The green economic development model is suspected to be a development model that prioritizes economic, social, and environmental dimensions to achieve sustainable development in an integral manner. The type of data is a time series with a research period of 1992–2022. The analysis model used is the Vector Error Correction Model (VECM) to analyze the long-term and short-term relationships of the variables agriculture productivity, expected years of schooling, and renewable energy on carbon emissions. The results of the study indicate that there is no long-term relationship between the impact of the green economy, but in the short term, the variables Agriculture Productivity and Expected Years of Schooling affect carbon emissions. The results of this study emphasize the importance of a consistent green economy policy. The government and the private sector can increase investment in the renewable energy sector, allocate resources, and adopt environmentally friendly technologies. In addition, strict environmental regulations and increased education are key to building public awareness of the importance of a green economy and environmental sustainability and creating a culture and lifestyle that support environmentally friendly practices at the individual and community levels.
Authors: Basri, Abdullah, Syahrul Gunawan, Ahmad Musleh Abdul Hamid
Institution: Sunan Kalijaga State Islamic University Yogyakarta
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4405267922