An empirical study on the determinants of renewable energy consumption in African countries: Evidences from panel data analaysis

Renewable energy has a vital role in tackling the issue of energy poverty in Africa. The adoption of renewable energy systems can provide people with several important services, which in turn can enhance their quality of life and help alleviate poverty. The thesis dwells on the impact of various factors, including growth, FDI, financial development, natural resources, and trade, on the consumption of renewable energy in 15 African countries from 1980 to 2018. The study utilizes different panel techniques., such as CSD and CADF tests. The findings of the study suggest a positive long-term link among growth, FDI, and openness with renewable energy use. However, financial development and natural resources have a negative effect on the use of renewable energy. Additionally, the study's causality results indicate a bidirectional relationships between the series.