Green Investment and Renewable Energy Mix: Evidence from Indonesia

Authors

  • Septa Diana Nabella Universitas Ibnu Sina, Batam, Indonesia
  • Yandra Rivaldo Universitas Ibnu Sina, Batam, Indonesia
  • Endri Endri Universitas Mercu Buana, Jakarta, Indonesia
  • Sely Megawati Wahyudi Universitas Mercu Buana, Jakarta, Indonesia
  • Putri Renalita Sutra Tanjung Universitas Mercu Buana, Jakarta, Indonesia

DOI:

https://doi.org/10.32479/ijeep.20137

Keywords:

Green Investment, Renewable Energy Mix, Economic Growth, Population Growth, Foreign Investment

Abstract

This research aims to prove the moderating role of green investment in population growth, economic growth, and foreign investment in the renewable energy mix in Indonesia. Data from the Indonesian Central Statistics Agency, World Development Indicators, Indonesian Investment Coordinating Board, and companies in the LQ45 Index with data from 2017 to 2023. The data was analyzed using a quantitative time series data regression analysis model using the Eviews 10 program. Research findings show that economic and population growth has a positive and significant effect through the moderation of green investment in Indonesian LQ45-indexed companies on the renewable energy mix. Foreign investment does not significantly impact the renewable energy mix by moderating green investment in Indonesian LQ45-indexed companies. This research contribution provides insight into how certain economic factors influence renewable energy and the role of green investments in changing the dynamics of indexed corporate relationships in Indonesian financial markets.

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Published

2025-08-20

How to Cite

Nabella, S. D., Rivaldo, Y., Endri, E., Wahyudi, S. M., & Tanjung, P. R. S. (2025). Green Investment and Renewable Energy Mix: Evidence from Indonesia. International Journal of Energy Economics and Policy, 15(5), 371–376. https://doi.org/10.32479/ijeep.20137

Issue

Vol. 15 No. 5 (2025)

Section

Articles

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