Funding the Green Transition: Governance Quality, Public Debt, and Renewable Energy Consumption in Sub-Saharan Africa

Favour Onuoha (), Stephen Dimnwobi (), Kingsley Okere () and Chukwunonso Ekesiobi
Additional contact information
Favour Onuoha: Evangel University Akaeze, Nigeria
Stephen Dimnwobi: Nnamdi Azikiwe University, Awka, Nigeria
Kingsley Okere: Gregory University, Uturu, Nigeria

No 23/028, Working Papers from European Xtramile Centre of African Studies (EXCAS)

Abstract: Prompted by the renewable energy funding challenge in sub-Saharan Africa (SSA) amid surging public debt in the region, this study investigates the moderating role of governance quality in the relationship between public debt and REC in the region using the Feasible Generalized Least Squares. The study established that public debt positively impacts REC, but the interactive effect of governance quality and public debt impedes REC. Policy prescriptions are put forward to address the funding challenges of transitioning to a green energy future in SSA by highlighting the critical role of governance.

Keywords: Public Debt; Renewable Energy Consumption; Governance Quality; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 39
Date: 2023-01
New Economics Papers: this item is included in nep-afr, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Forthcoming: Utilities Policy

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http://publications.excas.org/RePEc/exs/exs-wpaper ... Renewable-Energy.pdf Revised version, 2023 (application/pdf)

Related works:
Journal Article: Funding the green transition: Governance quality, public debt, and renewable energy consumption in Sub-Saharan Africa (2023)
Working Paper: Funding the Green Transition: Governance Quality, Public Debt, and Renewable Energy Consumption in Sub-Saharan Africa (2023)
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