Abstract
Renewable energy has been considered as the solution to the hydra-headed problems of energy security, energy access and climate change, especially in Africa. In addition, renewable energy sources, such as the sun, wind, wave and waste abound in Africa are in need of investment. In order to provide both policy and investment guide, this study investigates the drivers of renewable energy demand in oil-producing African countries. Three panel data models – a random effect model, a fixed effects model and a dynamic panel data model – are used to estimate renewable energy demand with a comprehensive set of determinants. The estimation results indicate that the main drivers of renewable energy in oil-producing African countries are real income per capita, energy resource depletion per capita, carbon emissions per capita and energy prices. The study recommends that policies should encourage the consumption of commercial sources of renewable energy to attract the needed investments.
| Original language | English |
|---|---|
| Pages (from-to) | 1157–1166 |
| Journal | Renewable & Sustainable Energy Reviews |
| Volume | 50 |
| Early online date | 9 Jun 2015 |
| DOIs | |
| Publication status | Published - Oct 2015 |
Keywords
- Renewable energy demand
- Energy access
- Panel data analysis
- Economic growth
Access to Document
- KIZYS_2015_cright_RSER_Green growth in oil producing African countries
NOTICE: this is the author’s version of a work that was accepted for publication in Renewable and Sustainable Energy Reviews. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Renewable and Sustainable Energy Reviews, 50, (2015), DOI: 10.1016/j.rser.2015.05.030