Scenario of reducing carbon emission through shifting consumption of non-renewable energy to renewable energy in asia pacific 2023-2030

Abstract

Abstract This research is motivated by the high level of carbon emission due to the dominance of non-renewable energy consumption in the use of the energy mix. This study aims to fill the gaps in previous research to support global programs in reducing carbon emission by designing scenario through a shift in consumption of non-renewable energy (fuel oil) to renewable energy (biofuel oil) in the Asia Pacific for future periods, including 2023-2030. The basic foundation of this research is the result of panel regression during the period 2006-2021. Furthermore, non-renewable energy consumption was reduced to three categories (pessimistic, moderate and optimistic), then the decrease was substituted for renewable energy so that the community’s energy needs were still met. The important finding from this research is the consumption of renewable energy and green economic growth can reduce carbon emission, while the consumption of non-renewable energy increases carbon emission. In addition, average carbon emission decreased growth in each scenario, including 15% on the pessimistic, 32% on the moderate and 66% on the optimistic. The policy for reducing carbon emission is to strengthen coordination between domestic institutional structures to develop alternative energy and also implement green economy programs in economic activities.