Identifying the drivers responsible for energy security in selected ASEAN countries by using panel data analysis

Abstract

Purpose

Energy security has been talked about by governments and policymakers because the global energy market is unstable and greenhouse gas emissions threaten the long-term health of the global environment. One of the most potent ways to cut CO₂ emissions is through the production and consumption of renewable energy. Thus, the purpose of this paper is to highlight the drivers that, if ambitious environmental policies are implemented, might improve energy security or prevent its deterioration.

Design/methodology/approach

The study uses a balanced panel data set for Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam that covers a period of 30 years (1990–2020). The pooled panel dynamic least squares is used in this study.

Findings

The findings show that renewable energy consumption is positively related to gross domestic product per capita, energy intensity per capita and renewable energy installed capacity. Wherein renewable energy use is inversely related to per capita electricity consumption, CO₂ emissions and the use of fossil fuel electricity.

Originality/value

There is a lack of research identifying the factors influencing energy security in the ASEAN region. Therefore, this study focuses on the drivers that influence energy security, which are explained by the proportion of renewable energy in final energy consumption. Without identifying the demand and supply sources of energy, especially electricity production based on renewable energy techniques, it is hard for policymakers to achieve the desired renewable energy-based outcome.

Citation

Manni, U.H. and Hj. Md. Mansur, D.D.K. (2024), "Identifying the drivers responsible for energy security in selected ASEAN countries by using panel data analysis", International Journal of Energy Sector Management, Vol. 18 No. 3, pp. 658-682. https://doi.org/10.1108/IJESM-02-2023-0004