The Role of Renewable Energy on the Environmental Degradation: Evidence from ASEAN Countries

Abstract

Environmental degradation (ED) is now a global problem because of expanded economic activities. This issue demands the academics’ and policymakers' intentions. Hence, the paper conducts an investigation the impact of renewable energy (RE) output, consumption, and energy import (EI) on the carbon dioxide (CO2) emissions in ASEAN region. The secondary data was collected using World Development Indicators (WDI) for 2008-2021. The research also investigates the association between the variables using the Methods of Moments-Quantile-Regression (MMQR) approach. The outcomes indicated the RE output, consumption, EI, EG, and population growth on the CO2 emissions in ASEAN economies. The paper gives directions to the policymakers while forming policies related to reduce CO2 emissions using RE production.