Impact of Green Economy on Clean Energy Sustainable Development in Energy Industry

Abstract

This research aims to study the impact of the green economy on sustainable clean energy development and investigate the clean energy’s sustainable development level classified by type of organization, i.e., private companies and government power agencies. Data were collected by questionnaire from a sample of employees who work in the energy industry from public and private organizations. The results showed that the green economy positively impacts the sustainable development of clean energy at the statistically significant level of 0.05. However, one aspect of a green economy, i.e., the utilization of resources, had no impact on the ability to access clean energy services, one component of clean energy’s sustainable development. In addition, private organizations show lower involvement in sustainable clean energy development than public organizations. Based on the results of this study, Thailand’s public and private organizations apprehend the importance of green economic and sustainable development of clean energy in response to the United Nations’ sustainable development goals. However, the reason that public organizations show a higher level of involvement in the sustainable development of clean energy than private organizations may be that most private organizations are not ready for the increased costs of the initial investment in clean energy.