Balancing Economic Growth and Carbon Intensity in Indonesia

Abstract

It is essential in balancing the economic growth and the environmental factor. Indonesia, positioned as a good place in the world economy, can be seen from rapid economic development. It is a milestone regarding the price of sustainability and the environment. This research investigates the economic growth and carbon intensity in Indonesia. It aims to assess the trade-offs associated with economic development's contribution to CO₂ emissions. This study uses econometric data processing in EViews and discusses balancing economic and environmental factors. The study examines the effects of industrialization and economic development in Indonesia as a developing country on carbon emissions. It emphasizes emissions reduction and sustainable economic growth. The recommendations from the survey include clean technologies, renewable energy, international cooperation, and public awareness. Data availability is scarce, and proposed remedies depend on the government's will. The study results are essential for policymakers in Indonesia and other emerging economies. The study offers a unique viewpoint on the industrial structure, economic development, and dynamics of carbon emissions in Indonesia. With cleaner technologies and evidence-based policies, it is possible to have both economic growth and sustainability.