The Nexus of Renewable Energy Consumption and Economic Growth in Sub-Saharan Africa PDF Download
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Author: F. Bondinuba
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Purpose: The study examines the relationship between renewable energy consumption and economic growth in Sub-Saharan Africa.MethodologyPedronicointegration test was employed to examine the long-run relationship between economic growth and renewable energy consumption in Sub-Saharan Africa. The study also used the Granger causality test to determine the direction of causality between economic growth and renewable energy consumption.Findings: It emerged that renewable energy consumption Granger causes economic growth in the short run. However, economic growth does not granger cause renewable energy consumption in the short run. Moreover, economic growth Granger causes granger energy consumption in the long run, but energy consumption does not cause economic growth in the long run.Originality: This paper is the first attempt to empirically study the relationship between renewable energy and economic growth in Sub-Saharan Africa using the Pedroni Cointegration technique and Granger causality test.LimitationsDue to the unavailability of data, not all countries in Sub-Sahara Africa were included in the data analysis.Recommendation: Government agencies should implement policies that encourage a switch from fossil fuel to renewable energy consumption to ensure sustained economic growth.ConclusionIt concludes that renewable energy consumption drives economic growth.
Author: F. Bondinuba
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Purpose: The study examines the relationship between renewable energy consumption and economic growth in Sub-Saharan Africa.MethodologyPedronicointegration test was employed to examine the long-run relationship between economic growth and renewable energy consumption in Sub-Saharan Africa. The study also used the Granger causality test to determine the direction of causality between economic growth and renewable energy consumption.Findings: It emerged that renewable energy consumption Granger causes economic growth in the short run. However, economic growth does not granger cause renewable energy consumption in the short run. Moreover, economic growth Granger causes granger energy consumption in the long run, but energy consumption does not cause economic growth in the long run.Originality: This paper is the first attempt to empirically study the relationship between renewable energy and economic growth in Sub-Saharan Africa using the Pedroni Cointegration technique and Granger causality test.LimitationsDue to the unavailability of data, not all countries in Sub-Sahara Africa were included in the data analysis.Recommendation: Government agencies should implement policies that encourage a switch from fossil fuel to renewable energy consumption to ensure sustained economic growth.ConclusionIt concludes that renewable energy consumption drives economic growth.
Author: Jobaire Alam
Publisher: GRIN Verlag
ISBN: 3668646074
Category : Business & Economics
Languages : en
Pages : 14
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Book Description
Research Paper (undergraduate) from the year 2016 in the subject Economy - Environment economics, grade: B, Aalborg University, language: English, abstract: This study is going to examine the implementation of two renewable electrification technologies; solar PV and wind. In this proposal, literature review section presents a short and clear understanding of previous researches around this topic. This study intends to adopt qualitative method with PESTEL and multi criteria analysis. According to the expected result, this project is aiming to establish policies that contribute to universal energy access and reduction of energy poverty in Kenya. Renewable energy systems have been identified as key driver of sustainability and economic development. Kenya, among the Sub-Saharan countries is considered as one of the frontrunners for catalyzing economic growth by the development of their energy sectors. There are lots of potentials for solar energy in Kenya and it has one of the most active commercial Solar PV sectors in the developing world. Renewable energy technologies have been clearly identified as a key stagnation of sustainability and economic development. Modern energy systems affect the quality of life and supports three pillars of sustainable development: social equality, economic growth and environmental protection, which are very significant concerns in developing countries. As elsewhere, in Sub-Saharan African countries there is a high correlation between low per capita consumption of commercial energy and low per capita gross domestic products. In a continent where both per capita income and energy consumption are tragically low, renewable energy could be a valuable contribution to economic growth. Several developing countries among in Sub-Saharan Africa (SSA) are considered as frontrunners for catalyzing economic growth by the development of their energy sectors. These are Ethiopia, Kenya, Benin, Malawi, Ghana, Uganda and Zimbabwe. Lack of access to affordable electricity is a major determinant of poverty in SSA. Urban populations remain underserved by inefficient, unreliable systems, while many rural villagers have no access to electricity except for power provided to relatively affluent households by small, privately owned generators.
Author: Stephen Ansah
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The ever-increasing demand for sustainable energy and development requires a shift from non-renewable energy consumption across the globe, particularly the Sub-Saharan African region. The sub-Saharan African region is projected to experience population growth and impressive economic growth of 7% and 6% respectively by 2050, which is expected to increase energy consumption further, emphasizing climate change and sustainable development. However, there is a lack of empirical evidence on fundamental factors that drive renewable energy usage in sub-Saharan Africa. This paper assesses the dynamic linkages between renewable energy, oil price, industrialization, and economic growth in sub-Saharan Africa. We used the cross-sectional augmented Autoregressive distributed (CS-ARDL), and the common correlated effect means group (CCEMG) to analyze such linkages for the period 1990-2015 while exploring the dynamics of energy consumption across income levels. The key empirical findings confirm a bidirectional causal relationship between renewable energy consumption and economic growth in the long-run. The effect of renewable energy consumption is only observed for low and lower-middle income economies within the sub-region. The study further reveals a positive impact of oil prices on the economic growth of the sub-region.
Author: UMAR Mohammed Bello HABIBA
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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As the trend in increasing demand for energy, energy security, increasing change in climates, and the rising rate of globalization and determination for economic growth continues to gain momentum, governments all over the world are paying more attention to the far-reaching impacts on ideas that can ensure growth in their various nations. The paper examines the relationship between renewable energy consumption, gross domestic savings and economic development in west Africa using panel data for 15 countries from 1997 to 2020. The long-run PMG analysis results show the variables' individual contributions. Renewable energy consumption was positively related to economic growth in the long run; gross domestic savings were only significant in the short run showing a positive relationship with economic growth, which is in line with Solow Swan's idea on the growth model in the short run but was not significant in the long run. The interaction of both GDS and REC was not substantial in the long run showing both variables only contribute individually to the economic growth in west Africa. ECM shows a 22% rate of speed of adjustment in case of disequilibrium in the short run.
Author: Lucky E. Asuelime
Publisher: Routledge
ISBN: 135167210X
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
A deepening ecological crisis is rearing its head in sub-Saharan Africa, as it faces a myriad of challenges in regards to the development of its energy sector. The ‘dirty now and clean up later’ approach to the environment has a strong appeal, particularly because it is often thought of as the last place to try to edge in another priority - especially if that priority is perceived by many to be an economic luxury. Asuelime and Okem bring together a team of specialist contributors who investigate to what extent sub-Saharan Africa has displayed foresight or politico-economic integrity. The book shows the state’s ability to meet the demands of provision of energy in sub-Saharan Africa has led to heavy investments in infrastructure, transmission and distribution of energy to the citizens. However, the inefficiencies, corruption and unhealthy bureaucratic challenges that accompany this have led urgent problems, which will be thoroughly explored in this book. The Political Economy of Energy in Sub-Saharan Africa will be of interest to students and scholars of African Studies, Development Studies, political science and environment.
Author: Manfred Hafner
Publisher: Springer
ISBN: 331992219X
Category : Business & Economics
Languages : en
Pages : 125
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Book Description
This open access book presents a picture of the current energy challenges on the African continent (and the Sub-Saharan region in particular) and proposes pathways to an accelerated energy transition. Starting with an analysis of the status quo and the outlook for Africa’s energy demand and energy access, it provides an account of the available resources, including hydrocarbons and renewable energy resources, which are playing an increasingly crucial role. It then moves on to analyze the level of investment required to scale-up Africa’s energy systems, shedding light on the key barriers and elaborating on potential solutions. It also provides a suggestion for improving the effectiveness of EU–Africa cooperation. While mainly intended for policymakers and academics, this book also speaks to a broader audience interested in gaining an overview of the challenges and opportunities of the African energy sector today and in the future.
Author: World Health Organization
Publisher: World Health Organization
ISBN: 9241548878
Category : History
Languages : en
Pages : 178
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Book Description
Built on existing WHO indoor air quality guidelines for specific pollutants, these guidelines bring together the most recent evidence on fuel use, emission and exposure levels, health risks, intervention impacts and policy considerations, to provide practical recommendations to reduce this health burden.
Author: S Batchelor
Publisher: Lulu.com
ISBN: 1387096214
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
This manual has been designed for use by city officials and planners working in sub-Saharan Africa. It is a practical handbook, which identifies easy to achieve energy interventions that will save money (for cities, businesses and households), promote local economic development, and enhance the sustainable profile of a city. This manual is specifically aimed as a support tool to achieve the implementation of key interventions within municipalities across sub-Saharan Africa
Author: Herick Othieno
Publisher: Springer
ISBN: 3319251872
Category : Business & Economics
Languages : en
Pages : 356
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Book Description
This book provides information on the distribution of the available energy resources throughout the continent and how it is linked to the development of individual states. Africa is considered one of the poorest continents in the world, mainly because its development has historically depended on imported resources including technical expertise. This view and its associated resource management strategy are based on the perception that Africa lacks sufficient energy resources to drive its development agenda. Analyses of individual countries’ energy potentials, exploitation levels and distribution mechanisms are provided with a view to identifying additional factors that are stifling Africa’s economic development. One critical factor is the relationship between available energy resources and the energy mixes chosen by different states, and how these can be exploited to produce the right blend of energy for various applications such as industrial, transport, domestic, and recreational uses. The authors provide an in-depth analysis of the advantages and disadvantages of different energy sources in terms of their environmental, industrialization and distribution costs, impacts, and the development options best suited for improving Africa’s economic situation. This analysis is based on the assertion that Africa is indeed blessed with abundant energy resources, which have not been effectively exploited. The book not only reviews Africa’s energy situation in general, but also reveals that, while there are certainly circumstances peculiar to individual countries, the similarities, especially within Sub-Saharan African countries, outweigh the differences. That being said, the challenges and available opportunities in each country should be viewed with due consideration given to the prevailing national resource management environment. Many initiatives in Africa fail because of the many loopholes in the management structures, which allow corruption, theft, and mere selfishness to thrive. In addition to the negative impacts of these factors on implementation activities, there is also a general lack of institutional support for initiatives that could otherwise be very progressive. Thus, taken together, these retrogressive practices stifle African energy development plans. The book offers a valuable guide for developers, investors, researchers and environmentalist, providing in-depth insights on the relationship between available energy resources and development trends in Africa. "By harnessing the wind and sun, your vast geothermal energy and rivers for hydropower, you can turn this climate threat into an economic opportunity." US President Obama's address to the African Union (2015)
Author: Favour Chidinma Onuoha
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Given that the development of renewable energy is regarded as a sustainable alternative to the realization of environmental quality, it is not surprising that the discussion of the sustainability of the world's energy sources continues to expand. While renewable energy has a negligible impact on environmental degradation, developing regions like sub-Saharan Africa (SSA) is restricted by the capital-intensive investment requirements of the burgeoning renewable energy market. To explore the significance of available funding sources on renewable energy development in the region, this study investigates the influence of public debt on renewable energy consumption (REC) in a panel of 29 SSA countries, in full and sub-regional categorizations. A combination of the instrumental variable generalized method of moment (IV-GMM) approach and the two-stage least squares estimator was applied to achieve the goal of the study. Overall, our findings indicate that public debt, carbon emission, financial development, and economic growth exert a negative and significant linkage with renewable energy, while urbanization has a positive and significant influence. Aware of the study findings, appropriate policy prescriptions are proposed to improve the debt-financed funding for the development of the renewable energy sector in SSA.
