Published date: Oct 10 2024

Journal Title: KnE Social Sciences

Issue title: 8th International Conference on Sustainability (8th ICoS): Entrepreneurship and Creative Economics

Pages: 298–314

DOI: 10.18502/kss.v9i28.17220

Sri HarnaniSTIE Jaya Negara Tamansiswa Malang, Malang

Meinarti PuspaningtyasSTIE Jaya Negara Tamansiswa Malang, Malang

Suryaning Bawononinobalmy@gmail.comSTIE Jaya Negara Tamansiswa Malang, Malang

Muhammad AfifSTIE Kertanegara Malang, Malang

This study aims to explore and test the relationship between GDP and renewable electricity output, renewable energy consumption, and total natural resource rent in Indonesia. It uses Vector Error Correction Model (VECM) analysis on World Bank data from 1995 to 2019, with a primary focus on Indonesia, to investigate the complex relationship between GDP and key sustainability metrics. This analysis highlights how Indonesia’s economic growth is influenced by changes in the consumption of renewable energy, utilization of natural resources, and its impact on the environment over a span of 25 years. Ultimately, this research provides important insights for policy makers and researchers on Indonesia’s evolving sustainability landscape, thereby facilitating the development of strategies that balance economic growth and prosperity, and environmental conservation.

Keywords: GDP, renewable electricity output, renewable energy consumption, total natural resource rent

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