The influence of economic and non-economic determinants on the sustainable energy consumption: evidence from Vietnam economy.

Maintaining ecological quality of energy use without compromising on economic growth has become the key research agenda of existing literature. Emerging economies are particularly facing this dual problem where they need to look in to the factors which impact sustainable energy consumption. The article, thus, aims to examine impact of economic and non-economic determinants on sustainable energy consumption in Vietnamese context. Factors such as industrialization, population growth, inflation, and employment rate are being considered as economic indicators and eco-innovation and political instability are being used as non-economic indicators. The study has taken secondary data from secondary sources such as Organization for Economic Co-operation and Development (OECD), the global economy, and World Development Indicators (WDI) from 1986 to 2020. The study has applied the Bayesian auto-regressive distributed lags (BARDL) model and the non-linear autoregressive distributed lag (NARDL) technique to check the association among variables. The results revealed that industrialization, population growth, inflation, employment rate, and eco-innovation have a positive linkage with SEC in Vietnam. The results also indicated that political instability has a negative association with SEC in Vietnam. In the light of results, it is obvious that government fiscal and monetary policies must be favorable to inflation so that sustainable energy can be introduced and started to consume. The study also conveys that the policymakers must take care of employment rate growth, for it can encourage sustaining energy consumption.

How temperature shocks impact energy poverty in Vietnam: mediating role of financial development and environmental consideration.

This paper evaluates the energy poverty of Vietnam by mediating the role of financial development and environmental considerations. Across the globe, billions of individuals live in fuel poverty, failing to access inexpensive and sustainable energy, which is necessary for long-term development. An elevation in power consumption due to an overall increase in heat and short periods of extreme heat exacerbates global warming. The goal of this research is to look at how climate change is affecting energy poverty in Vietnam. This finding (1) demonstrates that temperature shocks have a positive and quantitative impact. (2) The same may be said for "poor income/high cost" figures, which include information on power rates. Similarly, if households use the same amount of power but spend less on other items, the influence will not raise their electricity use. (3) Thermal shocks have been shown to reduce agricultural output in studies. During seasons of low rainfall, for example, higher evaporation and plant water demand can worsen drought and raise total irrigation expenses. Labor productivity is also affected by rising temperatures, particularly in weather-sensitive industries like agriculture. As a result, heat shocks will lower agricultural revenues, worsening energy poverty. Surprisingly, overall income appears to be a little mitigating influence. This might be owing to widespread underreporting of stated income, particularly among persons who rely on agriculture for their livelihood.