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Coal energy consumption beat renewable energy consumption in South Africa: Developing policy framework for sustainable development.

Authors :
Adebayo, Tomiwa Sunday
Awosusi, Abraham Ayobamiji
Bekun, Festus Victor
Altuntaş, Mehmet
Source :
Renewable Energy: An International Journal. Sep2021, Vol. 175, p1012-1024. 13p.
Publication Year :
2021

Abstract

Globally we are at a crossroad whereby energy production and consumption in themselves is partly blamed for climate change issues and global warming menace. The question that comes to heart is do we stop seeking energy production and consumption? of course no. Thus, there is a need for innovation on part of economies as they seek energy for sustainable development. This country-specific study focuses on South African, which reflects the above highlights menace in no small measure where her economic growth trajectory is plagued with high CO 2 emission. To this end, we explore the nexus between coal energy consumption, economic growth, renewable energy consumption and CO 2 emission between annual periods of 1980–2017. This study applied a battery of econometric techniques to underscore the relationship between the outlined variables. According to the ARDL bounds test to cointegration in conjunction with Kripfganz and Schneider (2018) critical approximation p-values both affirm long-run equilibrium relationship between study variables. Empirical evidence gives credence to the growth-induced pollution emission in South Africa as reported by the Autoregressive distributed lag Method, fully modified ordinary least squares and dynamic ordinary least squares as robustness test for soundness of analysis. This finding suggests that South Africa's economic growth trajectory is not clean. This preposition is resonated with the result of coal energy consumption also dampening environmental quality. Financial development shows strong statistical strength to improve the quality of the environment. These outcomes are indicative for policymakers as there is urgent need to energy transition from conventional energy based on fossil fuel (coal energy) to renewable energy mix which is more environmentally friendly should be pursued in South Africa. [Display omitted] [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
09601481
Volume :
175
Database :
Academic Search Index
Journal :
Renewable Energy: An International Journal
Publication Type :
Academic Journal
Accession number :
150696963
Full Text :
https://doi.org/10.1016/j.renene.2021.05.032