Glasgow climate change conference (COP26) and its implications in sub-Sahara Africa economies
Authors: Adedoyin, F.F., Bekun, F.V., Hossain, M.E., Ofori, E.K., Gyamfi, B.A. and Haseki, M.I.
Journal: Renewable Energy
Volume: 206
Pages: 214-222
eISSN: 1879-0682
ISSN: 0960-1481
DOI: 10.1016/j.renene.2023.02.054
Abstract:Alternative energy has been hailed as a feasible resolution to the environmental degradation and energy problems that have plagued Sub-Saharan Africa (SSA) recently. The expansion of the clean energy sector, on the other hand, relies on economic growth, effective governance, and financial considerations. As a result, it is important to investigate the links between these variables in SSA. This study investigated the influence of economic growth, institutional quality, foreign direct investment (FDI), and financial development on renewable energy at the national threshold in SSA using a two-step difference GMM model based on panel data collected from 2002 to 2019. The outcome shows that economic growth and all three financial development indicators (FD1, FD2 and FD3) have a positive significant relationship with renewable energy. Furthermore, for SSA countries, FDI, as well as all six proxy factors for institutional quality, had a negative significant influence on renewable energy. Our empirical findings propose a variety of policies that might help the renewable energy sector grow.
https://eprints.bournemouth.ac.uk/38341/
Source: Scopus
Glasgow climate change conference (COP26) and its implications in sub-Sahara Africa economies
Authors: Adedoyin, F.F., Bekun, F.V., Hossain, M.E., Ofori, E.K., Gyamfi, B.A. and Haseki, M.I.
Journal: RENEWABLE ENERGY
Volume: 206
Pages: 214-222
eISSN: 1879-0682
ISSN: 0960-1481
DOI: 10.1016/j.renene.2023.02.054
https://eprints.bournemouth.ac.uk/38341/
Source: Web of Science (Lite)
Glasgow climate change conference (COP26) and its implications in sub-Sahara Africa economies
Authors: Adedoyin, F.F., Bekun, F.V., Hossain, M.E., Ofori, E.K., Gyamfi, B.A. and Haseki, M.I.
Journal: Renewable Energy
Volume: 206
Pages: 214-222
ISSN: 0960-1481
Abstract:Alternative energy has been hailed as a feasible resolution to the environmental degradation and energy problems that have plagued Sub-Saharan Africa (SSA) recently. The expansion of the clean energy sector, on the other hand, relies on economic growth, effective governance, and financial considerations. As a result, it is important to investigate the links between these variables in SSA. This study investigated the influence of economic growth, institutional quality, foreign direct investment (FDI), and financial development on renewable energy at the national threshold in SSA using a two-step difference GMM model based on panel data collected from 2002 to 2019. The outcome shows that economic growth and all three financial development indicators (FD1, FD2 and FD3) have a positive significant relationship with renewable energy. Furthermore, for SSA countries, FDI, as well as all six proxy factors for institutional quality, had a negative significant influence on renewable energy. Our empirical findings propose a variety of policies that might help the renewable energy sector grow.
https://eprints.bournemouth.ac.uk/38341/
Source: BURO EPrints