Do blue economic resources have potential for carbon management in ASEAN countries? An empirical assessment

Purpose Global carbon emissions have reached record levels, leading to climate change disrupting the natural environment. Controlling emissions, therefore, has become critical. This article aims to highlight the blue economic model – comprising marine trade, aquatic production and marine tourism – for addressing this global challenge. Design/methodology/approach Data for ASEAN has been taken for the 2010–2022 period with blue economic indicators, energy factors and green economic variables as predictors and carbon intensity as the outcome. System generalised method-of-moments has been used to analyse the data. Findings Blue economic indicators, green economic variables and renewable energy sources help to lower emissions in ASEAN economies. Unchecked energy usage can lead to higher carbon intensity. Originality/value This study has responded to calls for empirical research about the role of blue economic indicators in controlling carbon emissions in ASEAN countries. The findings have significant implications for policymakers.

Authors

Publication Details

Journal
Review of Accounting and Finance
Published
2025-04-16
DOI
https://doi.org/10.1108/raf-10-2024-0460
Citations
1
Primary Topic
Coastal and Marine Management
Type
article
Field-Weighted Citation Impact
2.42
Controls
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article

Do blue economic resources have potential for carbon management in ASEAN countries? An empirical assessment

Ayesha Afzal, Minahil Awais, Lucian Belaşcu, Jose-Maria Martinez-Gonzalo
1 citations
Review of Accounting and Finance
Coastal and Marine Management
2.42
article

Do blue economic resources have potential for carbon management in ASEAN countries? An empirical assessment

Ayesha Afzal, Minahil Awais, Lucian Belaşcu, Jose-Maria Martinez-Gonzalo
article en
1 citations

Abstract

Purpose Global carbon emissions have reached record levels, leading to climate change disrupting the natural environment. Controlling emissions, therefore, has become critical. This article aims to highlight the blue economic model – comprising marine trade, aquatic production and marine tourism – for addressing this global challenge. Design/methodology/approach Data for ASEAN has been taken for the 2010–2022 period with blue economic indicators, energy factors and green economic variables as predictors and carbon intensity as the outcome. System generalised method-of-moments has been used to analyse the data. Findings Blue economic indicators, green economic variables and renewable energy sources help to lower emissions in ASEAN economies. Unchecked energy usage can lead to higher carbon intensity. Originality/value This study has responded to calls for empirical research about the role of blue economic indicators in controlling carbon emissions in ASEAN countries. The findings have significant implications for policymakers.

Review of Accounting and Finance
Openalex Percentile: Top 13%
Coastal and Marine Management
2.42
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