Model Green Consumption Dan Green Finance DI 5-Emma Countries

Model Green Consumption Dan Green Finance DI 5-Emma Countries, Green consumption, Green finance, Green technology...

Author: ANITA N.HUTASOIT
Date: 2024
Keywords: Green consumption, Green finance, Green technology
Type: Jurnal
Category: penelitian

The importance of protecting the environment is increasing globally. Significant environmental losses worldwide have been caused by the decline of natural resources, climate change, worldwide population growth, and unsustainable consumption practices. Green consumption, also known as environmentally friendly consumption, has become a growing trend worldwide. Businesses must also take more environmentally responsible actions in order to satisfy changing consumer needs. In order to comprehend how the variables included in this research affect green consumption, the ARDL panel model is employed. A regression model that accounts for both the long and short terms is the autoregressive distribution lag. Secondary data gathered from the World Bank and CEEIC websites between 2015 and 2022 was used in this study. The research results show that the overall leading indicator, both long term and short term, is green finance. However, in the long term there are 4 variables that can control green consumption, namely Green finance, Green inflation, Purchasing power parity, and Green technology.

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