Abstract
This study explores the factors influencing energy transition in Africa, specifically focusing on the impact of institutional quality and remittances on renewable energy consumption. Using a comprehensive dataset covering 45 African countries from 2000 to 2020 and employing the generalized method of moments (GMM) technique, the analysis controls for industrialization, financial development, and population growth. The results demonstrate a significant negative effect of institutional quality and remittances on renewable energy consumption. However, the finding reveals a positive and significant interactive effect between institutional quality and remittances, indicating that the favourable alignment of these factors promotes the demand for renewable energy. Additionally, the study highlights a positive impact of industrialization and population growth on renewable energy consumption, while financial development has a significant negative effect. These findings provide valuable insights forpolicymakers in developing effective strategies for a sustainable energy transition in Africa.
| Original language | English |
|---|---|
| Title of host publication | Governance Quality, Fiscal Policy, and the Path to a Low-Carbon Future |
| Subtitle of host publication | Perspectives From Developing Economies |
| Publisher | IGI Global |
| Pages | 103-116 |
| Number of pages | 14 |
| ISBN (Electronic) | 9781668492741 |
| ISBN (Print) | 9781668492727 |
| DOIs | |
| Publication status | Published - 18 Aug 2023 |
| Externally published | Yes |
ASJC Scopus subject areas
- General Social Sciences
- Economics, Econometrics and Finance(all)
- General Business,Management and Accounting