Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)

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The Cost of Carbon: How Emissions and Energy Consumption Impede Indonesia’s Economic Growth

Authors
Sri Rahayu Budi Hastuti1, *, Didit Welly Udjianto1, Asih Sriwinarti1, Rias Wenerda1
1Universitas Pembangunan Nasional Veteran Yogyakarta, JL. SWK 104, Condong Catur, Yogyakarta, 55283, Indonesia
*Corresponding author. Email: rahayubudiupn@gmail.com
Corresponding Author
Sri Rahayu Budi Hastuti
Available Online 27 April 2023.
DOI
10.2991/978-2-38476-048-0_14How to use a DOI?
Keywords
carbon emissions; economic growth; energy consumption; financial sector; economic openness
Abstract

This article aims to analyze the impact of carbon emissions, energy consumption, the financial sector, and economic openness on economic growth in Indonesia from 1990 to 2019. The study uses regression analysis to examine the relationship between these variables and economic growth. The results suggest that an increase in carbon emissions and energy consumption may lead to a decrease in economic growth in Indonesia. On the other hand, the financial sector may encourage economic growth by increasing the money supply. However, economic openness does not appear to have an impact on the Indonesian economy. These findings imply that Indonesia needs to implement policies that prioritize sustainable development and reduce carbon emissions to maintain its economic growth while preserving the environment.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
27 April 2023
ISBN
10.2991/978-2-38476-048-0_14
ISSN
2352-5398
DOI
10.2991/978-2-38476-048-0_14How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sri Rahayu Budi Hastuti
AU  - Didit Welly Udjianto
AU  - Asih Sriwinarti
AU  - Rias Wenerda
PY  - 2023
DA  - 2023/04/27
TI  - The Cost of Carbon: How Emissions and Energy Consumption Impede Indonesia’s Economic Growth
BT  - Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)
PB  - Atlantis Press
SP  - 124
EP  - 130
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-048-0_14
DO  - 10.2991/978-2-38476-048-0_14
ID  - Hastuti2023
ER  -