Journal
ENERGY
Volume 223, Issue -, Pages -Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.energy.2021.120064
Keywords
Renewable energy; Non-renewable energy; Economic growth; Climate change; Panel ARDL
Categories
Ask authors/readers for more resources
This study finds that renewable energy consumption can help mitigate climate change in African countries, while non-renewable energy consumption and economic growth may have harmful effects on climate change.
The imperative to mitigate climate change is one of the biggest challenges that confront mankind in the present millennium and investment in renewable energy source is one of the most viable options. This study examines the dynamic causal relationship between renewable and non-renewable energy con-sumption, economic growth and climate change for a sample of 16 selected African countries. It applies the Panel Pooled Mean Group-Autoregressive distributed lag model (ARDL-PMG), Panel Mean Group-Autoregressive distributed lag model (ARDL-MG) and Granger Causality tests to annual data covering the period 1980-2014. The empirical analysis confirms the presence of cointegration long-run rela-tionship among variables. In the long-run, non-renewable energy consumption and economic growth are found to have a harmful effect on the climate change, whereas, renewable energy consumption has a beneficial climate change effect. In the short-run, results reveal a bidirectional causality relationship running from non-renewable energy consumption to climate change, supporting the feedback hypoth-esis, whereas, a unidirectional causality relationship running from climate change to renewable energy consumption is proven. The results suggest mostly that renewable energy consumption can help to mitigate climate change in African countries. ? 2021 Elsevier Ltd. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available