Green Energy Transformation In Sumatera: The Influence Of Government Expenditure On The Achievement Of Sdg 7 (Clean And Affordable Energy)

This research aims to explore government expenditure's impact on achieving SDG 7 (Affordable and Clean Energy) in Sumatera. The primary focus of this study is on green energy transformation as a strategic effort to enhance economic growth and societal well-being in the region. Using quantitative methods, this research analyzes secondary data from various sources, including government expenditure reports and statistical data related to the achievement of SDG 7. The findings indicate that government spending in the energy sector, particularly in infrastructure and services, significantly impacts achieving clean and affordable energy targets. However, challenges such as insufficient infrastructure and suboptimal regulations remain major obstacles. This study provides critical insights for policymakers in designing more effective strategies to accelerate green energy transformation in Sumatera and support the national achievement of SDG 7 targets.

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Publication Details

Journal
Moneta Journal of Economics and Finance
Published
2024-10-25
DOI
https://doi.org/10.61978/moneta.v2i4.356
Primary Topic
Energy, Environment, and Transportation Policies
Type
article
Field-Weighted Citation Impact
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article

Green Energy Transformation In Sumatera: The Influence Of Government Expenditure On The Achievement Of Sdg 7 (Clean And Affordable Energy)

Muhamad Rizal, Firda Hidayatullah
Moneta Journal of Economics and Finance
Energy, Environment, and Transportation Policies
article

Green Energy Transformation In Sumatera: The Influence Of Government Expenditure On The Achievement Of Sdg 7 (Clean And Affordable Energy)

Muhamad Rizal, Firda Hidayatullah
article en

Abstract

This research aims to explore government expenditure's impact on achieving SDG 7 (Affordable and Clean Energy) in Sumatera. The primary focus of this study is on green energy transformation as a strategic effort to enhance economic growth and societal well-being in the region. Using quantitative methods, this research analyzes secondary data from various sources, including government expenditure reports and statistical data related to the achievement of SDG 7. The findings indicate that government spending in the energy sector, particularly in infrastructure and services, significantly impacts achieving clean and affordable energy targets. However, challenges such as insufficient infrastructure and suboptimal regulations remain major obstacles. This study provides critical insights for policymakers in designing more effective strategies to accelerate green energy transformation in Sumatera and support the national achievement of SDG 7 targets.

Moneta Journal of Economics and FinanceVol. 2(4)
Politeknik Keuangan Negara STAN (ID)
Industry, innovation and infrastructure
Openalex Percentile: Top 88%
Energy, Environment, and Transportation Policies
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