Renewable energy consumption, CO2 emissions, and economic growth: Evidence from Indonesia

Abstract

This study aims to examine the correlation between renewable energy, carbon dioxide emissions (CO₂), and economic development in Indonesia. This study uses a quantitative methodology, namely cointegration regression. This study uses data from 1980 to 2019. The findings show that renewable energy utilization has a negative impact on Indonesia's economic growth. This is because renewable energy generation is still constrained while the demand for renewable energy increases. Indonesia's economic growth has a favorable impact on CO2 emission levels. This is because fossil energy consumption is still very high in Indonesia. Energy use, in general, has a favorable impact on the national economy.