Renewable energies in WAEMU countries: the role of financial inclusion

International Journal of Energy Sector Management, Journal Year: 2025, Volume and Issue: unknown

Published: March 20, 2025

Purpose The sustainable development goals (SDGs), particularly SDG 7, highlight the importance of universal access to reliable, and affordable energy services. renewable energies has thus become central improving people’s living conditions, in developing countries. Identifying factors driving this transition is crucial. This study aims determine whether financial inclusion an important lever for promoting seven WAEMU Design/methodology/approach uses data from countries over period 2007–2022. authors estimate models using panel-corrected standard error method account heteroskedasticity, autocorrelation possible serial correlations. robustness results enhanced by use Driscoll-Kraay method. Findings estimates show that indicators (geographical demographic penetration rates services strict extended bancarization rates) have a positive significant effect on production consumption In addition, indicate forestry mineral rents stimulate energy. These remain robust Driscoll Kraay tests. Research limitations/implications conclusions need governments strengthen technological infrastructures, notably mobile services, improve most vulnerable populations, women young people. Originality/value originality research lies fact it contributes better understanding relationship between four two consumption. econometric methods ensures results.

Language: Английский

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Quantifying carbon emissions through financial development in Ghana: empirical evidence from novel dynamic ARDL and KRLS techniques

Cogent Economics & Finance, Journal Year: 2024, Volume and Issue: 12(1)

Published: Nov. 4, 2024

The critical issue of environmental degradation emphasises the urgent need for coordinated actions to safeguard and restore planet's fragile ecological balance. This study examines relationship between financial development carbon emissions in Ghana from 1990 2020, focusing on roles natural resource rents economic sustainability. Utilizing time-series data World Bank applying a dynamic autoregressive distributed lag (ARDL) model kernel-based regularized least squares (KRLS) machine learning technique, findings indicate that significantly increases both short- long-term. At same time, have negligible impact short term but contribute increased long run. Conversely, sustainability consistently reduces long-run. Our highlight policymakers prioritize green financing initiatives, promote products support renewable energy, implement stricter regulations exploitation. Additionally, incentives institutions invest environmentally-sustainable projects are vital achieving Ghana's neutrality goals.

Language: Английский

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Synergistic Impacts of Clean Energy Demonstration Policy on Air Pollution and Carbon Reduction

Sustainability, Journal Year: 2024, Volume and Issue: 16(22), P. 9928 - 9928

Published: Nov. 14, 2024

The development of clean energy is great significance for achieving air pollution and carbon reduction. China has launched demonstration province (CEDP) construction as a pilot program to accelerate cleaner alternatives promote synergies between Existing studies have focused on the abatement effects this policy but are inconclusive whether also reduces pollution. In paper, we empirically assess synergistic impact CEDP reduction using difference-in-differences method by treating quasi-natural experiment provincial-level panel data from 2005 2020 in China. We find that PM2.5 intensity eastern central regions show tendency move towards lower gradient compared western region, effect reduction, implementation significantly increases synergy emissions provinces, which remains robust finding after multiple tests. terms regional differences, policy’s more significant than those regions, suggests made progress environmental improvement relevant policies, provides new ideas possibilities reducing Further mechanism tests industrial upgrading efficiency important channels achieve Accordingly, put forward recommendations expand coverage pilots an orderly manner, strengthen transmission role improvement, improve evaluation system operation.

Language: Английский

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Money talks, green walks: Does financial inclusion promote green sustainability in Africa?

Global Finance Journal, Journal Year: 2024, Volume and Issue: unknown, P. 101070 - 101070

Published: Dec. 1, 2024

Language: Английский

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