Energy Policy Decision in the Light of Energy Consumption Forecast by 2030 in Zimbabwe

Remember Samu, Festus Bekun, Samuel Asumadu-Sarkodie and Murat Fahrioglu

A chapter in Renewable Energy - Resources, Challenges and Applications from IntechOpen

Abstract: Sustainable energy, environmental protection, and global warming are the most discussed topics in today's world. Demand forecasting is paramount for the design of energy generation systems to meet the increasing energy demand. In this chapter, an examination of the causal nexus between energy consumption, total population, greenhouse gas emissions, and per capita GDP was carried out to forecast Zimbabwe's energy consumption by 2030. A time series data from 1980 to 2012 were employed alongside econometric techniques to explore the causal relationship among the variables under review. The stationary test revealed the integration of all the data series of interest of order one ~ I(1). The autoregressive integrated moving average (ARIMA) model forecasted Zimbabwe's 2030 energy demand around 0.183 quadrillion Btu as against the current 0.174 quadrillion Btu. The empirical finding is indicative for policy- and decision makers who design the energy policy framework geared towards achieving the universal access to modern energy technologies in Zimbabwe.

Keywords: energy demand; energy policy; forecasting; greenhouse gas emissions; ARIMA; Zimbabwe (search for similar items in EconPapers)
JEL-codes: Q20 Q40 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:193653

DOI: 10.5772/intechopen.87249

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