Investment in New Renewable Energy: Contributions to the Economy, Environment, and National Resilience

Authors

  • Ali Sundja Doctorate Economics Program, Faculty of Economics and Business, Universitas Trisakti, Jakarta, Indonesia
  • Dwi Atty Mardiana Faculty of Earth Technology and Energy, Universitas Trisakti, Jakarta, Indonesia
  • Eleonora Sofilda Faculty of Economics and Business, Universitas Trisakti, Jakarta, Indonesia
  • Muhammad Zilal Hamzah Faculty of Economics and Business, Universitas Trisakti, Jakarta, Indonesia

DOI:

https://doi.org/10.32479/ijeep.19512

Keywords:

Renewable Energy Investment, Economic Growth, Environmental Sustainability, Energy Resilience, Autoregressive Distributed Lag

Abstract

Investment in renewable energy (RE) is significantly contributing to economic growth, environmental sustainability, and energy resilience. This economic growth is achieved by creating jobs, reducing greenhouse gas emissions, and decreasing dependence on fossil fuels. Despite the significant RE potential in Indonesia, challenges such as pollution, limited infrastructure, and price fluctuations still hinder national independence. Therefore, this study aimed to analyze the short-term and long-term relationships between renewable energy investment (REI) and economic growth, environmental sustainability, and resilience in Indonesia using the ARDL model and time series data from 2002 to 2022. Based on the analysis, the results showed that there was a significant cointegration relationship between the variables, suggesting the potential of REI to strengthen national resilience and support the transition to more sustainable energy. This study made an important contribution to understanding the dynamics of REI in Indonesia, providing policy recommendations to optimize economic and environmental benefits.

Downloads

Downloads

Published

2025-06-25

How to Cite

Sundja, A., Mardiana, D. A., Sofilda, E., & Hamzah, M. Z. (2025). Investment in New Renewable Energy: Contributions to the Economy, Environment, and National Resilience. International Journal of Energy Economics and Policy, 15(4), 293–301. https://doi.org/10.32479/ijeep.19512

Issue

Vol. 15 No. 4 (2025)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.