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Energy efficiency and sustainable development goals (SDGs)

Abstract:

This study attempts to connect Sustainable Development Goals (SDGs) with energy efficiency for 20 Asian and Pacific (AP) countries using Data Envelopment Analysis (DEA) from 2000 to 2018. The Panel Correction Standard Error (PCSE) estimates found that sustainable economic development and energy efficiency are positively related, suggesting that sustainable economic development is associated with increased energy efficiency. Similarly, we found that sustainable financial development is also positive, indicating that sustainable financial development increases energy efficiency. In further analyses, we confirmed a positive impact of green innovation on energy efficiency. The S-GMM estimator confirmed similar findings, showing robust to alternative econometric model. Based on these findings, we recommend policies that tend to promote sustainable economic and financial development.