Achieving net-zero emission target in Africa: Are sustainable energy innovations and financialization crucial for environmental sustainability of sub-Saharan African state?

Achieving net-zero emission target in Africa: Are sustainable energy innovations and financialization crucial for environmental sustainability of sub-Saharan African state?

G. K. Musah, M., Onifade, S. T., Ankrah, I., Gyamfi, B. A., & Amoako

Following the rising importance of energy transition in the environmental sustainability discussion, it is imperative to understand the roles of sustainable energy innovations and financialization to reach informed inferences for policy formulation. We examined the environmental quality performance in Sub-Sahara Africa using the case of the resource-rich Ghanaian state vis-à-vis the possible moderating influence of green innovations and financial development. The empirical analysis encompassed various estimation issues, including structural breaks, heteroscedasticity, and normality in data structure. We simulated with the dynamic autoregressive-distributed lag technique and confirmed that financialization, resource rents, and economic growth are significant positive determinants of pollutant emissions. However, green innovations decrease the rate of pollution in the nation. Moreover, the interaction between …

Elsevier

2024

https://scholar.google.com/citations?view_op=view_citation&hl=en&user=qSyX_i8AAAAJ&citation_for_view=qSyX_i8AAAAJ:ufrVoPGSRksC

English