Determinants of Renewable Electricity Generation in Africa
Domaine:
environment and energyType de record:
paper
Créateur:
AhmCheSie
Éditeur:
Wal
Hôte:
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.
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