Sustainability, Journal Year: 2024, Volume and Issue: 16(6), P. 2533 - 2533

Published: March 19, 2024

Eskom’s power plants in South Africa face frequent breakdowns due to a lack of maintenance and increasing energy demand. The high dependence on coal for generation, which is resource that significantly contributes carbon dioxide (CO2) emissions impact the environment negatively, could be reduced by considering renewable sources. Renewable supply, dependent private sector funding economic growth, seen as solution environmental problems. study aimed examine if financial development growth supply discover co-integration exists between these variables, including variables defined determinants namely: CO2 emission generation; secondly, electricity supply; thirdly, price changes; lastly, load shedding levels. research gap identified twofold. Firstly, there relationship development, specifically Africa. Furthermore, existing other countries has produced inconclusive results. Secondly, minimal been conducted how impacts emerging markets. Thus, present sought bridge contribute scientific body knowledge related drivers supply. autoregression distributed lag (ARDL) model was employed test have statistically significant well direction relationship, an observation period from 1990 2021. results proved were reported positive long run short run. A can influence policy reforms assist National Energy Regulator (NERSA) government developing implementing policies encourage deployment infrastructure increase particularly regarding factors associated with addressing challenges growth.

Language: Английский