Renewable Energy Consumption, Energy Efficiency, Trade, Economic Development and FDI on Climate Change in Vietnam

This study aimed to investigate the impact of green energy consumption, energy efficiency, foreign direct investment, economic growth, and trade (import and export) on greenhouse gas emissions( GHG) in Vietnam between 1990 and 2019. This study investigates the long-term cointegration relationship to...

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Bibliographic Details
Published in:International journal of energy economics and policy 2023-11, Vol.13 (6), p.8-14
Main Authors: Pham, Dung Tien, Pham, Hieu Van, Dang, Tuyen Quang
Format: Article
Language:English
Subjects:
Climate change
Climate change mitigation
Economic development
Economic growth
Emissions
Emissions control
Energy conservation
Energy consumption
Energy economics
Energy efficiency
Environmental security
Foreign investment
Green energy
Greenhouse gases
Renewable energy
Renewable resources
Sustainable development
Trade Openness, Greenhouse Gas Emission, Renewable Energy, Climate Change
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Summary:This study aimed to investigate the impact of green energy consumption, energy efficiency, foreign direct investment, economic growth, and trade (import and export) on greenhouse gas emissions( GHG) in Vietnam between 1990 and 2019. This study investigates the long-term cointegration relationship to find out the impact of renewable energy consumption, energy efficiency, trade, economic development, and foreign direct investment on climate change in Vietnam. The research results show a long-term relationship between the above variables and the reduction of greenhouse gas emissions. These findings highlight the profound importance of renewable energy consumption for ecologically sustainable development in Vietnam and serve as an important resource for other countries worldwide. world when it comes to ecological security. This study recommends the use of environmentally friendly and energy-saving technologies, the use of renewable energy to mitigate climate change and the implementation of the most recent government policies to neutralise greenhouse gas emissions to achieve sustainable development goals.
ISSN:2146-4553
2146-4553
DOI:10.32479/ijeep.14571