Publication:
The Role of Solar Energy Demand in the Relationship Between Carbon Pricing and Environmental Degradation: A Blessing in Disguise

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dc.contributor.authorKhalid Zamanen_US
dc.contributor.authorAbdul Rashid Abdul Azizen_US
dc.contributor.authorSriyanto Sriyantoen_US
dc.contributor.authorSasmokoen_US
dc.contributor.authorYasinta Indriantien_US
dc.contributor.authorHanifah Jambarien_US
dc.date.accessioned2024-05-29T02:26:00Z
dc.date.available2024-05-29T02:26:00Z
dc.date.issued2021-05-24
dc.description.abstractThe importance of clean energy resources in the environmental sustainability agenda (ESA) widely documents the earlier literature that emphasized the need to use renewable energy (RE) sources in mitigating high mass carbon emissions across countries. Saudi Arabia's future vision focused on establishing RE markets, especially solar electricity generation (SEG) that would likely present an alternative source to meet energy challenges and allow the country to switch its oil-based economy to a renewable source economy by 2030. In this initiative, the present study intends to analyze the potential challenges and opportunities of SEG in a country that gives way toward a vibrant and thriving economy through green development. The study collected monthly time series data of solar energy and its potential contributors from 2010M01 to 2018M12. The study performs ex-ante and ex-post analysis using vector error correction estimates (VECM) and innovation accounting matrix to get parameter estimates at current and forecast settings. The study simulated the deployment of SEG under different contributory factors, including carbon taxes, emissions trading, and environmental regulations. The results show that carbon tax has a decisive role in limiting polluting industries and reducing carbon emissions. The emissions trading and SEG support the cleaner production agenda to attain its energy sustainable development goals. The environment-related trade regulations and carbon pricing were quite visible to support the country's SEG program. The simulation results show that SEG can potentially as high as 379.224 GWh till 2030 due to possibly be increasing financial and trade regulations that could limit carbon emissions down to 21.766 kg per oil equivalent energy use per annum.en_US
dc.identifier.citationZaman, K., Aziz, A. R. A., Sriyanto, S., Sasmoko, , Indrianti, Y., & Jambari, H. (2022). The role of solar energy demand in the relationship between carbon pricing and environmental degradation: A blessing in disguise. Journal of Public Affairs, 22(4), e2702. https://doi.org/10.1002/pa.2702en_US
dc.identifier.doi10.1002/pa.2702
dc.identifier.issn1472-3891
dc.identifier.issue4
dc.identifier.urihttps://onlinelibrary.wiley.com/doi/epdf/10.1002/pa.2702
dc.identifier.urihttps://www.scopus.com/record/display.uri?eid=2-s2.0-85106310675&origin=resultslist&sort=plf-f&src=s&sid=027e3232d380f1df52c224db83d7d644&sot=b&sdt=b&s=TITLE-ABS-KEY%28The+role+of+solar+energy+demand+in+the+relationship+between+carbon+pricing+and+environmental+degradation%29&sl=119&sessionSearchId=027e3232d380f1df52c224db83d7d644
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/10548
dc.identifier.volume22
dc.language.isoen_USen_US
dc.publisherWileyen_US
dc.relation.ispartofJournal of Public Affairsen_US
dc.subjectcarbon emissions; carbon pricing; financial regulations; Saudi's vision 2030; solar electricity generation; trade regulationsen_US
dc.titleThe Role of Solar Energy Demand in the Relationship Between Carbon Pricing and Environmental Degradation: A Blessing in Disguiseen_US
dc.typeArticleen_US
dspace.entity.typePublication

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