Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

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Environmental Kuznets Curve in ASEAN: Effects of Growth, Trade, Renewable Energy, and Industrialization

Authors
Muhammad Ridwan Manulusi1, *, Rahmatia Rahmatia1, Madrid Madris1, Nur Dwiana Sari Saudi1
1Hasanuddin University, Makassar, Indonesia
*Corresponding author. Email: manulusimr22a@student.unhas.ac.id
Corresponding Author
Muhammad Ridwan Manulusi
Available Online 30 July 2025.
DOI
10.2991/978-94-6463-758-8_266How to use a DOI?
Keywords
Trade Openness; Economic Growth; Renewable Energy; Industrialization; CO2; EKC
Abstract

This study explored the effects of trade openness, economic growth, renewable energy consumption, and industrialization on carbon dioxide emissions in five developing ASEAN countries from 1991 to 2020. A dynamic panel model was used for data analysis, incorporating cross-sectional dependence tests, panel unit root tests, and panel cointegration methods. Estimations were conducted using FMOLS, DOLS, and Sys-GMM techniques for accuracy. Results indicated that trade openness significantly reduced carbon emissions by facilitating access to clean technologies and promoting environmental sustainability. Economic growth followed the Environmental Kuznets Curve (EKC) pattern, with emissions rising in the early stages of growth and decreasing as income levels increased. Industrialization was found to increase emissions in the long term, while renewable energy consumption effectively reduced them. The findings underscore the critical role of trade openness, renewable energy investments, and strict industrial policies in reducing carbon dioxide emissions, emphasizing their importance for sustainable development in ASEAN countries.

Copyright
© 2025 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 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
30 July 2025
ISBN
978-94-6463-758-8
ISSN
2352-5428
DOI
10.2991/978-94-6463-758-8_266How to use a DOI?
Copyright
© 2025 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  - Muhammad Ridwan Manulusi
AU  - Rahmatia Rahmatia
AU  - Madrid Madris
AU  - Nur Dwiana Sari Saudi
PY  - 2025
DA  - 2025/07/30
TI  - Environmental Kuznets Curve in ASEAN: Effects of Growth, Trade, Renewable Energy, and Industrialization
BT  - Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
PB  - Atlantis Press
SP  - 3181
EP  - 3199
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-758-8_266
DO  - 10.2991/978-94-6463-758-8_266
ID  - Manulusi2025
ER  -