Renewable energy consumption in Africa: the role of economic well-being and economic freedom
| Autor: | Edmund Kwablah, Anthony Amoah, Kofi Korle, Daniel Offei |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
HDI
020209 energy lcsh:TJ807-830 lcsh:Renewable energy sources Energy Engineering and Power Technology Economic freedom OLS 02 engineering and technology 010501 environmental sciences Development lcsh:HD9502-9502.5 01 natural sciences Renewable energy consumption 0202 electrical engineering electronic engineering information engineering Economics 0105 earth and related environmental sciences Sustainable development Consumption (economics) Renewable Energy Sustainability and the Environment business.industry DOLS FMOLS International economics lcsh:Energy industries. Energy policy. Fuel trade Renewable energy Property rights Negative relationship Ordinary least squares business Panel data |
| Zdroj: | Energy, Sustainability and Society, Vol 10, Iss 1, Pp 1-17 (2020) |
| ISSN: | 2192-0567 |
| DOI: | 10.1186/s13705-020-00264-3 |
| Popis: | This study investigates the role of economic well-being and economic freedom as drivers of renewable energy consumption using the share of renewables in total energy consumption in Africa. To achieve this, the study employs a panel data of 32 African countries over the period 1996-2017. To deal with identification challenges associated with panel time-series data, we use the Dynamic Ordinary Least Squares econometric technique. As part of our findings, first, we have evidence that increasing economic well-being in Africa increases the share of renewables in total energy consumption to a point after which it turns negative (inverted U shape). Second, the disaggregated measures of economic freedom show that both property rights and tax burden decrease the share of renewables in total energy consumption. On the contrary, an increase in trade freedom and business freedom measures increases the share of renewables in total energy consumption. Toward the goal of promoting access to affordable, reliable, sustainable, and modern energy for all by 2030, governments in Africa should actively encourage trade freedom and business freedom to enhance the share of renewable energy consumption. Similarly, reducing the tax burden will promote the share of renewable energy consumption. Likewise, we call for further investigation into our evidence of a negative relationship between property rights and the share of renewables in total energy consumption. |
| Databáze: | OpenAIRE |
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