Research Article
The Role of Energy Consumption and Fuel Export in Supporting the Country's Economic Growth
@INPROCEEDINGS{10.4108/eai.12-11-2022.2327313, author={Riza Ronaldo and Heru Subiyantoro and Machfud Sidik and Dedi Bahagia}, title={The Role of Energy Consumption and Fuel Export in Supporting the Country's Economic Growth}, proceedings={Proceedings of the 2nd Multidisciplinary International Conference, MIC 2022, 12 November 2022, Semarang, Central Java, Indonesia}, publisher={EAI}, proceedings_a={MIC}, year={2023}, month={2}, keywords={fuel exports; energy consumption; greenhouse emissions; economic growth}, doi={10.4108/eai.12-11-2022.2327313} }- Riza Ronaldo
Heru Subiyantoro
Machfud Sidik
Dedi Bahagia
Year: 2023
The Role of Energy Consumption and Fuel Export in Supporting the Country's Economic Growth
MIC
EAI
DOI: 10.4108/eai.12-11-2022.2327313
Abstract
Rapid progress and technology encourage the growth of industry and transportation facilities. The increase in the number of industries and transportation facilities in the world is also followed by an increase in fuel usage, especially fuel oil (BBM). The increase in fuel usage, especially fossil fuels, will also increase carbon dioxide (CO2) gas as a result of burning fossil fuels. As is known CO2 gas is one component of greenhouse gases, were estimated that around 18.35 billion tons of CO2 are released annually. The method used in this research is Ordinary Least Square Multiple Linear Regression and simple panel data. The research variables used are Energy Consumption and Fuel Eco-sport, which in this study are used as independent variables that affect greenhouse emissions which function as the dependent variable, and economic growth worked as the dependent variable with the independent variable Greenhouse Emissions. The results show that (1) energy and labor consumption simultaneously or partially have a significant effect on changes in the number of greenhouse emissions by 89.5% (2) Changes in total greenhouse emissions partially have a significant and positive effect on the country's economic growth (3) research outcomes. The following variable is the increase in the country's Greenhouse Emissions is the most dominant variable having a significant positive effect on a country's economic growth of 70.74 percent.