The impact of the blue economy and renewable energy on CO2 emissions in Indonesia: An ARDL approach
Indonesia, the largest archipelagic country in the world with rich marine biodiversity, has significant potential for developing a blue economy encompassing aquaculture, sustainable fisheries, and maritime tourism. However, if not managed sustainably, these activities could increase CO2 emissions....
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Master Program in Economics, Graduate Program of Universitas Jambi
2024-08-01
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| Series: | Jurnal Perspektif Pembiayaan dan Pembangunan Daerah |
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| Online Access: | https://online-journal.unja.ac.id/JES/article/view/34183 |
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| author | Xenaneira Shodrokova Anna Yulianita Abdul Bashir Imam Asngari Ariodillah Hidayat |
| author_facet | Xenaneira Shodrokova Anna Yulianita Abdul Bashir Imam Asngari Ariodillah Hidayat |
| author_sort | Xenaneira Shodrokova |
| collection | DOAJ |
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Indonesia, the largest archipelagic country in the world with rich marine biodiversity, has significant potential for developing a blue economy encompassing aquaculture, sustainable fisheries, and maritime tourism. However, if not managed sustainably, these activities could increase CO2 emissions. Indonesia is also among the world's highest emitters of greenhouse gases, largely due to deforestation, forest burning for agriculture, and reliance on fossil fuels in the energy sector. Given global commitments to reducing emissions and mitigating climate change, this research explores how the blue economy and the transition to renewable energy can contribute to lowering CO2 emissions. This study examines both short- and long-term impacts using the Autoregressive Distributed Lag (ARDL) approach. The findings reveal that while increased aquaculture production initially reduces CO2 emissions due to efficiency gains and environmentally friendly technologies, its long-term effects are more complex and may lead to higher emissions. On the other hand, renewable energy consumption significantly reduces CO2 emissions in the short and long term. Conversely, higher energy intensity contributes to increased CO2 emissions, which can be mitigated through improved energy efficiency.
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| format | Article |
| id | doaj-art-3b30d0e1916042adae7ccba978c6effd |
| institution | OA Journals |
| issn | 2338-4603 2355-8520 |
| language | English |
| publishDate | 2024-08-01 |
| publisher | Master Program in Economics, Graduate Program of Universitas Jambi |
| record_format | Article |
| series | Jurnal Perspektif Pembiayaan dan Pembangunan Daerah |
| spelling | doaj-art-3b30d0e1916042adae7ccba978c6effd2025-08-20T02:11:30ZengMaster Program in Economics, Graduate Program of Universitas JambiJurnal Perspektif Pembiayaan dan Pembangunan Daerah2338-46032355-85202024-08-01123The impact of the blue economy and renewable energy on CO2 emissions in Indonesia: An ARDL approachXenaneira Shodrokova0Anna Yulianita1Abdul Bashir2Imam Asngari3Ariodillah Hidayat4Department of Economic Development, Faculty of Economics, Sriwijaya University, IndonesiaDepartment of Economic Development, Faculty of Economics, Sriwijaya University, IndonesiaDepartment of Economic Development, Faculty of Economics, Sriwijaya University, IndonesiaDepartment of Economic Development, Faculty of Economics, Sriwijaya University, IndonesiaDepartment of Economic Development, Faculty of Economics, Sriwijaya University, Indonesia Indonesia, the largest archipelagic country in the world with rich marine biodiversity, has significant potential for developing a blue economy encompassing aquaculture, sustainable fisheries, and maritime tourism. However, if not managed sustainably, these activities could increase CO2 emissions. Indonesia is also among the world's highest emitters of greenhouse gases, largely due to deforestation, forest burning for agriculture, and reliance on fossil fuels in the energy sector. Given global commitments to reducing emissions and mitigating climate change, this research explores how the blue economy and the transition to renewable energy can contribute to lowering CO2 emissions. This study examines both short- and long-term impacts using the Autoregressive Distributed Lag (ARDL) approach. The findings reveal that while increased aquaculture production initially reduces CO2 emissions due to efficiency gains and environmentally friendly technologies, its long-term effects are more complex and may lead to higher emissions. On the other hand, renewable energy consumption significantly reduces CO2 emissions in the short and long term. Conversely, higher energy intensity contributes to increased CO2 emissions, which can be mitigated through improved energy efficiency. https://online-journal.unja.ac.id/JES/article/view/34183Blue economyCO2 emissionEconomic growthRenewable energy |
| spellingShingle | Xenaneira Shodrokova Anna Yulianita Abdul Bashir Imam Asngari Ariodillah Hidayat The impact of the blue economy and renewable energy on CO2 emissions in Indonesia: An ARDL approach Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Blue economy CO2 emission Economic growth Renewable energy |
| title | The impact of the blue economy and renewable energy on CO2 emissions in Indonesia: An ARDL approach |
| title_full | The impact of the blue economy and renewable energy on CO2 emissions in Indonesia: An ARDL approach |
| title_fullStr | The impact of the blue economy and renewable energy on CO2 emissions in Indonesia: An ARDL approach |
| title_full_unstemmed | The impact of the blue economy and renewable energy on CO2 emissions in Indonesia: An ARDL approach |
| title_short | The impact of the blue economy and renewable energy on CO2 emissions in Indonesia: An ARDL approach |
| title_sort | impact of the blue economy and renewable energy on co2 emissions in indonesia an ardl approach |
| topic | Blue economy CO2 emission Economic growth Renewable energy |
| url | https://online-journal.unja.ac.id/JES/article/view/34183 |
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