Determinants of Renewable Electricity Generation in Africa
Domain:
environment and energyRecord type:
paper
Creator:
AhmCheSie
Publisher:
Wal
Host:
Abstract
Africa’s electricity insecurity issues are getting worse. However, there has been significant foreign direct investment ( FDI ) absorbed by the renewable electricity generation ( REG ) industry in the last twenty years. To date, the impact of FDI on REG in Africa has yet to be investigated. This study thus empirically examines REG determinants with a special focus on FDI in forty African countries between 2000 and 2019. By using the Prais-Winsten panel corrected standard errors model, a range of promising results are revealed. Importantly, we find compelling evidence that FDI inflows directly and indirectly limit, or even impede, REG development. What’s more, Africa’s population growth undermines REG . However, the encouraging result is that raising awareness in Africa of renewable energy boosts REG . We conclude that there is a necessity for the gradual reform of lax environmental laws and renewable energy education plans in Africa.
Similar
The Future of Renewable Energy for Electricity Generation in sub-Saharan AfricaDomestic electricity consumptions, renewable electricity generation, GDP and population for Egypt, Algeria, Nigeria and South Africa ENERGY TRANSITION FROM FOSSIL TO RENEWABLE SOURCES IN NORTH AFRICA: FOCUS ON THE RENEWABLE ELECTRICITY GENERATION IN MOROCCOThe role of natural gas in facilitating the transition to renewable electricity generation in South AfricaElectricity Generation and Renewable Energy Policy in Nigeria: Resolving the Regulatory ChallengesAnalysis of Hybrid Grid-Connected Renewable Power Generation for Sustainable Electricity Supply in Sierra Leone