4.7 Article

Renewable energy technology transition among small-and-medium scale firms in Ghana

Journal

RENEWABLE ENERGY
Volume 178, Issue -, Pages 549-559

Publisher

PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.renene.2021.06.111

Keywords

Solar energy adoption; SMEs; Environmental psychology; Innovation-diffusion model; Ghana

Funding

  1. Social Science Planning Fund [18YJA630035]
  2. Ministry of Education of China

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Renewable energy transition has gained popularity due to rapid climate change and energy volatility. Various policy mechanisms have been instituted by national governments and global stakeholders to facilitate cleaner energy transitions. However, research findings indicate that mere supportive policies may not be sufficient in the transition process. This study integrates intuitions from different academic traditions to investigate entrepreneurs' solar energy adoption in Ghana, and finds that pro-environmental norms have a relatively stronger association with solar adoption. The integration of hypotheses from different research traditions offers valuable insights for both researchers and policymakers in the fight against climate change.
Renewable energy transition has become popular in the wake of rapid climate change and energy volatility. National governments and global stakeholders have instituted several policy mechanisms to enhance cleaner energy transitions. However, extant literature has indicated the inadequacy of mere supportive policies in the transition process. Herein, we integrate intuitions from different academic traditions to develop a framework to investigate entrepreneurs' solar energy adoption in Ghana. Overall, two constructs from the innovation-diffusion model (relative advantage and observability), two from environmental psychology (personal and social norms), and a policy incentives factor constituted the research model. Cross sectional survey response from small-and-medium scale entrepreneurs (N = 320) was obtained. By employing the structural equation modelling technique, pro-environmental norms showed relatively stronger association with solar adoption. The integration of hypotheses from different research traditions offers higher insights than the value of each model tested independently. The findings can be useful to both researchers and policymakers towards the fight against climate change. (C) 2021 Elsevier Ltd. All rights reserved.

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