The Impact of Renewable Energy and Economic Development on Environmental Quality of ASEAN Countries
Keywords:Bioenergy production, Biomass production, Energy import, Energy export, Economic development, Carbon emission, Environmental quality
Maintaining the quality of environmental is a global requirement and necessary to achieve high economic growth, especially through the use of bioenergy. This eco-significant requirement has gained the focus of recent studies and regulators. Following suit, the present study examines the impact of bioenergy production, biomass production, energy import, energy export, and economic development on the carbon emission of the ASEAN countries. This study extracts secondary data from published material such as World Development Indicators (WDI) from 2004 to 2019. This study has run the generalized method of moments along with the random effect model to test the relationships between the constructs. The study reveals that bioenergy production, biomass production, energy import, energy export, and economic development have a negative association with carbon emission or positive association with environmental quality of the ASEAN countries. This study can support future research studies on the subject help regulators formulate and implement policies related to bioenergy production, biomass production, and carbon emission.