Abstract
Rapid population growth, industrialisation and an enhanced quality of life lead to high energy demand. This demand for energy exerts pressure on non-renewable resource and environment. Classical economic philosophy emphasises either the demand or the supply side of the market, which exacerbates the issue. Furthermore, the traditional notions have some limitations in promoting the sustainability of resources and the environment for the well-being of the next generation. However, models of sustainable development do address both the demand and the supply aspects of resources simultaneously. In order to realise the goal of sustainable development, an inclusive and comprehensive policy element is needed. Accordingly, different policy elements were introduced in order to address the sustainability issue of energy and environment. The paper reviews the potential of these energy policy elements introduced by the Malaysian government in order to enhance energy efficiency as the nation moves towards becoming a developed and highincome country by 2020. Additionally, the paper discusses a plausible intertemporal sustainability pathway which applies an economic growth model, which reveals that adhering to the sustainability notion could enhance the economic production and efficiency of energy resource utilisation.
| Original language | English |
|---|---|
| Pages (from-to) | 89-106 |
| Number of pages | 18 |
| Journal | International Journal of Green Economics |
| Volume | 10 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2016 |
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Keywords
- Economic development
- Energy
- Environment
- Renewable resources
- Sustainability
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
Cite this
Green economy models and energy policies towards sustainable development in Malaysia : A review. / Hussien, Mohammed Ebrahim; Alam, Rashidah Zainal; Siwar, Chamhuri; Ahmad Ludin, Norasikin.
In: International Journal of Green Economics, Vol. 10, No. 1, 2016, p. 89-106.Research output: Contribution to journal › Review article
}
TY - JOUR
T1 - Green economy models and energy policies towards sustainable development in Malaysia
T2 - A review
AU - Hussien, Mohammed Ebrahim
AU - Alam, Rashidah Zainal
AU - Siwar, Chamhuri
AU - Ahmad Ludin, Norasikin
PY - 2016
Y1 - 2016
N2 - Rapid population growth, industrialisation and an enhanced quality of life lead to high energy demand. This demand for energy exerts pressure on non-renewable resource and environment. Classical economic philosophy emphasises either the demand or the supply side of the market, which exacerbates the issue. Furthermore, the traditional notions have some limitations in promoting the sustainability of resources and the environment for the well-being of the next generation. However, models of sustainable development do address both the demand and the supply aspects of resources simultaneously. In order to realise the goal of sustainable development, an inclusive and comprehensive policy element is needed. Accordingly, different policy elements were introduced in order to address the sustainability issue of energy and environment. The paper reviews the potential of these energy policy elements introduced by the Malaysian government in order to enhance energy efficiency as the nation moves towards becoming a developed and highincome country by 2020. Additionally, the paper discusses a plausible intertemporal sustainability pathway which applies an economic growth model, which reveals that adhering to the sustainability notion could enhance the economic production and efficiency of energy resource utilisation.
AB - Rapid population growth, industrialisation and an enhanced quality of life lead to high energy demand. This demand for energy exerts pressure on non-renewable resource and environment. Classical economic philosophy emphasises either the demand or the supply side of the market, which exacerbates the issue. Furthermore, the traditional notions have some limitations in promoting the sustainability of resources and the environment for the well-being of the next generation. However, models of sustainable development do address both the demand and the supply aspects of resources simultaneously. In order to realise the goal of sustainable development, an inclusive and comprehensive policy element is needed. Accordingly, different policy elements were introduced in order to address the sustainability issue of energy and environment. The paper reviews the potential of these energy policy elements introduced by the Malaysian government in order to enhance energy efficiency as the nation moves towards becoming a developed and highincome country by 2020. Additionally, the paper discusses a plausible intertemporal sustainability pathway which applies an economic growth model, which reveals that adhering to the sustainability notion could enhance the economic production and efficiency of energy resource utilisation.
KW - Economic development
KW - Energy
KW - Environment
KW - Renewable resources
KW - Sustainability
UR - http://www.scopus.com/inward/record.url?scp=84992034922&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84992034922&partnerID=8YFLogxK
U2 - 10.1504/IJGE.2016.079723
DO - 10.1504/IJGE.2016.079723
M3 - Review article
AN - SCOPUS:84992034922
VL - 10
SP - 89
EP - 106
JO - International Journal of Green Economics
JF - International Journal of Green Economics
SN - 1744-9928
IS - 1
ER -