1,124
Views
0
CrossRef citations to date
0
Altmetric
DEVELOPMENT ECONOMICS

The dynamic linkage between renewable energy consumption and environmental sustainability in Sub-Saharan African countries: Heterogeneous macro-panel data analysis

, , &
Article: 2285188 | Received 29 Jul 2023, Accepted 15 Nov 2023, Published online: 17 Dec 2023

References

  • Adebayo, T. S. (2022). Environmental consequences of fossil fuel in Spain amidst renewable energy consumption: A new insights from the wavelet-based Granger causality approach. International Journal of Sustainable Development & World Ecology, 29(7), 579–19. https://doi.org/10.1080/13504509.2022.2054877
  • Adebayo, T. S., Adedoyin, F. F., & Kirikkaleli, D. (2021). Toward a sustainable environment: Nexus between consumption-based carbon emissions, economic growth, renewable energy and technological innovation in Brazil. Environmental Science and Pollution Research, 28(37), 52272–52282. https://doi.org/10.1007/s11356-021-14425-0
  • Adebayo, T. S., Kartal, M. T., Aga, M., & Al-Faryan, M. A. (2023). Role of country risks and renewable energy consumption on environmental quality: Evidence from MINT countries. Journal of Environmental Management, 327, 116884. https://doi.org/10.1016/j.jenvman.2022.116884
  • Adebayo, T. S., & Ullah, S. (2023). Formulating sustainable development policies for China within the framework of socioeconomic conditions and government stability. Environmental Pollution, 328, 121673. https://doi.org/10.1016/j.envpol.2023.121673
  • Akram, R., Ibrahim, R. L., Wang, Z., Adebayo, T. S., & Irfan, M. (2023). Neutralizing the surging emissions amidst natural resource dependence, eco-innovation, and green energy in G7 countries: Insights for global environmental sustainability. Journal of Environmental Management, 344, 118560. https://doi.org/10.1016/j.jenvman.2023.118560
  • Al-Mulali, U., Weng-Wai, C., Sheau-Ting, L., & Mohammed, A. H. (2014). Investigating the environmental kuznets curve (EKC) hypothesis by utilizing the ecological footprint as an indicator of environmental degradation. Ecological Indicators, 48, 315–323. https://doi.org/10.1016/j.ecolind.2014.08.029
  • Behboudi, D., Mohamadzadeh, P., & Moosavi, S. (2017). The nexus of renewable energy -sustainable development-environmental quality in Iran: Bayesian VAR approach. Environmental Energy and Economic Research, 1(3), 321–332. https://doi.org/10.22097/eeer.2018.99215.1014
  • Bilgili, F., & Ulucak, R. (2018). Is there deterministic, stochastic, and/ or club convergence in ecological footprint indicator among G20 countries?. Environmental Science and Pollution Research, 25(35). https://doi.org/10.1007/s11356-018-3457-1
  • Breusch, T., & Pagan, A. (1980). The LM test and its application to model specification in econometrics. Review of Economic Studies, 47(1), 239–254. https://doi.org/10.2307/2297111
  • C2ES. (2019). Renewable energy. Center for Climate and Energy Solutions. https://www.c2es.org/content/renewable-energy/
  • Cavagnaro, E., & Curiel, G. (2017). The three levels of sustainability. Routledge, Taylor and Francis Group.
  • Chudik, A., & Pesaran, M. H. (2015). Common correlated effects estimation of heterogeneous dynamic panel data models with weakly exogenous regressors. Journal of Econometrics, 188(2), 393–420. https://doi.org/10.1016/j.jeconom.2015.03.007
  • Dogan, E., & Inglesi-Lotz, R. (2020). The impact of economic structure to the environmental kuznets curve (EKC) hypothesis: Evidence from European countries. Environmental Science and Pollution Research, 27(11), 12717–12724. https://doi.org/10.1007/s11356-020-07878-2
  • Dong, K., Sun, R., & Hochman, G. (2017). Do natural gas and renewable energy consumption lead to less CO2 emission? Empirical evidence from a panel of BRICS countries. Energy, 141, 1466–1478. https://doi.org/10.1016/j.energy.2017.11.092
  • Dumitrescu, E., & Hurlin, C. (2012). Testing for Granger non-causality in heterogeneous panels. Economic Modelling, 29(4), 1450–1460. https://doi.org/10.1016/j.econmod.2012.02.014
  • Eberhardt, M., and Bond, S. (2009). Cross-section dependence in nonstationary panel models: A novel estimator. MPRA Paper, No. 17692. University Library of Munich.
  • Eberhardt, M., & Teal, F. (2010). Productivity analysis in global manufacturing production. Discussion Paper 515, Department of Economics, University of Oxford. http://www.economics.ox.ac.uk/research/WP/pdf/paper515.pdf.
  • Government of South Africa. (2020). Official guide to South Africa 2019/20. https://www.gcis.gov.za/content/resource-centre/sa-info/official-guide-south-africa-201920
  • Güney, T. (2021). Renewable energy consumption and sustainable development in high-income countries. International Journal of Sustainable Development and World Ecology, 28(4), 376–385. https://doi.org/10.1080/13504509.2020.1839807
  • Güney, T., & Kantar, K. (2020). Biomass energy consumption and sustainable development. International Journal of Sustainable Development and World Ecology, 27(8), 762–767. https://doi.org/10.1080/13504509.2020.1753124
  • Hu, B., Alola, A. A., Tauni, M. Z., Adebayo, T. S., & Abbas, S. (2023). Pathway to cleaner environment: How effective are renewable electricity and financial development approaches? Structural Change and Economic Dynamics, 67, 277–292. https://doi.org/10.1016/j.strueco.2023.08.003
  • ITA. (2022a). Congo, Democratic Republic-Energy. International Trade Administration, U.S. Department of Commerce. https://www.trade.gov/country-commercial-guides/democratic-republic-congo-energy
  • ITA. (2022b). South Africa-energy. International Trade Administration, U.S. Department of Commerce. https://www.trade.gov/country-commercial-guides/south-africa-energy
  • Jafino, B. A., Walsh, B., Rozenberg, J., and Hallegatte, S. (2020). Revised estimates of the impact of climate change on extreme poverty by 2030. Policy Research Working Paper; No. 9417, World Bank,
  • Khan, S. A., Yu, Z., Ridwan, I. L., Irshad, A. U., Ponce, P., & Tanveer, M. (2023). Energy efficiency, carbon neutrality, and technological innovation: A strategic move towards a green economy. Economic Research-Ekonomska Istraživanja, 36(2). https://doi.org/10.1080/1331677X.2022.2140306
  • Khan, S. A., Yu, Z., & Umar, M. (2022). A road map for environmental sustainability and green economic development: an empirical study. Environmental Science and Pollution Research, 29(11), 16082–16090. https://doi.org/10.1007/s11356-021-16961-1
  • Khan, S. A., Zia-Ul-Haq, H. M., Ponce, P., & Janjua, L. (2023). Re-investigating the impact of non-renewable and renewable energy on environmental quality: A roadmap towards sustainable development. Resources Policy, 81, 103411. https://doi.org/10.1016/j.resourpol.2023.103411
  • Kopnina, H. (2020). Education for the future? Critical evaluation of education for sustainable development goals. The Journal of Environmental Education, 51(4), 280–291. https://doi.org/10.1080/00958964.2019.1710444
  • Lassoued, M. (2021). Energy consumption, governance quality, and sustainable development nexus: Empirical evidence from MENA countries. International Journal of Energy Economics & Policy, 11(3), 388–394. https://doi.org/10.32479/ijeep.11259
  • Liu, X., Adebayo, T. S., Ramzan, M., Ullah, S., Abbas, S., & Olanrewaju, V. O. (2023). Do coal efficiency, climate policy uncertainty, and green energy consumption promote environmental sustainability in the United States? An application of novel wavelet tools. Journal of Cleaner Production, 417, 137851. https://doi.org/10.1016/j.jclepro.2023.137851
  • Mahjabeen, S., Z., S., Chughtai, S., & Simonetti, B. (2020). Renewable energy, institutional stability, environment and economic growth nexus of D-8 countries. Energy Strategy Reviews, 29. https://doi.org/10.1016/j.esr.2020.100484
  • Ozkan, O., Alola, A. A., & Adebayo, T. S. (2023). Environmental benefits of nonrenewable energy efficiency and renewable energy intensity in the USA and EU: Examining the role of clean technologies. Sustainable Energy Technologies and Assessments, 58, 103315. https://doi.org/10.1016/j.seta.2023.103315
  • Paramati, S. R., Mo, D., & Gupta, R. (2017). The effects of stock market growth and renewable energy use on CO2 emissions: Evidence from G20 countries. Energy Economics, 66, 360–371. https://doi.org/10.1016/j.eneco.2017.06.025
  • Pattiruhu, J. R. (2020). The impact of budget, Accountability mechanisms and renewable energy consumption on environmentally sustainable development: Evidence from Indonesia. International Journal of Energy Economics & Policy, 10(6), 697–703. https://doi.org/10.32479/ijeep.10624
  • Pesaran, M. H. (2004). General diagnostic tests for cross Section dependence in panels. Working Paper, No. 0435, Faculty of Economics. University of Cambridge.
  • Pesaran, M. H. (2006). Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica, 74(4), 967–1012.
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, 22(2), 265–312. https://doi.org/10.1002/jae.951
  • Pesaran, M. H., & Smith, R. P. (1995). Estimating long-run relationships from dynamic heterogeneous panels. Journal of Econometrics, 68(1), 79–113. https://doi.org/10.1016/0304-4076(94)01644-F
  • Pesaran, M. H., & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50–93. https://doi.org/10.1016/j.jeconom.2007.05.010
  • Phong, L. H., Bach Van, D. T., & Gia Bao, H. H. (2018). The role of globalization on carbon dioxide emission in Vietnam incorporating industrialization, urbanization, Gross Domestic Product per capita and energy use. International Journal of Energy Economics & Policy, 8(6), 275–283. https://doi.org/10.32479/ijeep.7065
  • Ullah, S., Adebayo, T. S., Irfan, M., & Abbas, S. (2023). Environmental quality and energy transition prospects for G-7 economies: The prominence of environment-related ICT innovations, financial and human development. Journal of Environmental Management, 342, 118120. https://doi.org/10.1016/j.jenvman.2023.118120
  • Vasylieva, T., Lyulyov, O., Bilan, Y., & Streimikiene, D. (2019). Sustainable economic development and greenhouse gas emissions: The dynamic impact of renewable energy consumption, GDP, and Corruption. Energies, 12(17), 3289. https://doi.org/10.3390/en12173289
  • Westerlund, J. (2007). Testing for error correction in panel data. Oxford Bulletin of Economics and Statistics, 69(6), 709–748. https://doi.org/10.1111/j.1468-0084.2007.00477.x
  • WRI. (2022). COP26: Key outcomes from the UN climate talks in Glasgow. World Resources Institute. https://www.wri.org/insights/cop26-key-outcomes-un-climate-talks-glasgow.