Sustainable exports to the European union from ASEAN countries: Is there an impact of low carbon economy?

Sri Indah Nikensari and Ega Nurdiyanto and Wong Sing Yun and Siti Fatimah Zahra (2024) Sustainable exports to the European union from ASEAN countries: Is there an impact of low carbon economy? International Journal Of Energy Economics and policy, 14 (4). pp. 1-8. ISSN 2146-4553

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URL: https://www.econjournals.com/index.php/ijeep/issue...

Abstract

Trade and climate change are thought to be closely related. Sustainable trade cooperation with European Union (EU) countries is often linked to the issue of climate action and low carbon emissions. This research aims to examine the low carbon economy and the economic distance of ASEAN countries (Indonesia, Malaysia, Philippines, Singapore, Thailand) towards their exports to EU countries. A low carbon economy is measured by the intensity of GHG emissions, analysed from three scopes, namely CO2 from manufacturing and industrial processes (part of scope-1), CO2 from electricity consumption (part of scope-2), and CO2 from waste (part of scope- 3). Data source from emissions database for global atmospheric research (EDGAR) and other sources, 2012-2022. Panel data regression with a gravity model is used in this analysis. The results show the implementation of a low carbon economy in ASEAN, so that in the future there seems to be continued trade between ASEAN countries and the EU. This is proven by the negative influence of carbon emission intensity scope-2, scope-3, and economic distance on increasing ASEAN exports, except scope-1. Low intensity means there is efficient use of resources for the economy, and low economic distance means trade is competitive.

Item Type:	Article
Keyword:	Trade, Low-Carbon Economy, Intensity of Carbon Emissions, Economic Distance
Subjects:	H Social Sciences > HC Economic history and conditions > HC10-1085 Economic history and conditions H Social Sciences > HF Commerce > HF1-6182 Commerce
Department:	FACULTY > Faculty of Business, Economics and Accounting
Depositing User:	ABDULLAH BIN SABUDIN -
Date Deposited:	01 Oct 2024 10:47
Last Modified:	01 Oct 2024 10:47
URI:	https://eprints.ums.edu.my/id/eprint/41163

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