Green economy models and energy policies towards sustainable development in Malaysia: A review

Mohammed Ebrahim Hussien, Rashidah Zainal Alam, Chamhuri Siwar, Norasikin Ahmad Ludin

Research output: Contribution to journalReview article

2 Citations (Scopus)

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 languageEnglish
Pages (from-to)89-106
Number of pages18
JournalInternational Journal of Green Economics
Volume10
Issue number1
DOIs
Publication statusPublished - 2016

Fingerprint

Energy policy
Sustainability
Malaysia
Sustainable development
Energy
Resources
Non-renewable resources
Energy demand
Resource utilization
Industrialization
Quality of life
Population growth
Well-being
Energy resources
Economic growth
Production economics
Growth model
Pathway
Supply side
Government

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 journalReview article

Hussien, Mohammed Ebrahim ; Alam, Rashidah Zainal ; Siwar, Chamhuri ; Ahmad Ludin, Norasikin. / Green economy models and energy policies towards sustainable development in Malaysia : A review. In: International Journal of Green Economics. 2016 ; Vol. 10, No. 1. pp. 89-106.
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