A spotlight on fossil fuel lobby and energy transition possibilities in emerging oil-producing economies
This study investigates the impact of fossil fuel industry on renewable energy deployment in emerging oil-producing economies, using Ghana as the subject of analysis. Drawing on the “theory of lobby,” the study extends previous analyses to examine how fossil fuel production influences the possibilit...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-01-01
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| Series: | Heliyon |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844024173185 |
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| author | Isaac Ankrah Michael Appiah-Kubi Eric Ofosu Antwi Ivy Drafor Amenyah Mohammed Musah Frank Gyimah Sackey Richard Asravor Isaiah Sikayena |
| author_facet | Isaac Ankrah Michael Appiah-Kubi Eric Ofosu Antwi Ivy Drafor Amenyah Mohammed Musah Frank Gyimah Sackey Richard Asravor Isaiah Sikayena |
| author_sort | Isaac Ankrah |
| collection | DOAJ |
| description | This study investigates the impact of fossil fuel industry on renewable energy deployment in emerging oil-producing economies, using Ghana as the subject of analysis. Drawing on the “theory of lobby,” the study extends previous analyses to examine how fossil fuel production influences the possibility of transitioning to renewable energy. The results, based on a stepwise estimation technique, within a two-regime Markov-switching Model, show a consistent negative relationship between fossil fuel production and renewable energy deployment, supporting the lobby effect theory in Ghana's energy economy. Notably, while fossil fuel production initially increases the probability of transitioning to renewable energy (from 39.65 % to 58.42 %), this trend is reversed by foreign direct investment, reducing the likelihood to approximately 42 %. These findings underscore the need to expand the lobby-effect theory to include indirect economic influences, such as investment patterns and structural dependencies, that enable fossil fuel dominance. Through its focus on Ghana, this study contributes fresh insights into the energy transition dynamics of emerging economies, offering a broader and more inclusive perspective to the energy transition literature. |
| format | Article |
| id | doaj-art-d2ed837dcfa646c9972b572ee24ee859 |
| institution | Kabale University |
| issn | 2405-8440 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj-art-d2ed837dcfa646c9972b572ee24ee8592025-01-17T04:50:48ZengElsevierHeliyon2405-84402025-01-01111e41287A spotlight on fossil fuel lobby and energy transition possibilities in emerging oil-producing economiesIsaac Ankrah0Michael Appiah-Kubi1Eric Ofosu Antwi2Ivy Drafor Amenyah3Mohammed Musah4Frank Gyimah Sackey5Richard Asravor6Isaiah Sikayena7Department of Economics, Ghana Communication Technology University, Accra, Ghana; Corresponding author. Department of Economics, Business School, Ghana Communication Technology University, Accra, Ghana.African Urban Research Center, Accra, GhanaDepartment of Energy and Environmental Engineering, University of Energy and Natural Resources, Sunyani, GhanaDepartment of Economics, Ghana Communication Technology University, Accra, GhanaDepartment of Accounting, Banking and Finance, Ghana Communication Technology University, Accra, GhanaDepartment of Economics, Ghana Communication Technology University, Accra, GhanaDepartment of Economics, Ghana Communication Technology University, Accra, GhanaDepartment of Economics, Ghana Communication Technology University, Accra, GhanaThis study investigates the impact of fossil fuel industry on renewable energy deployment in emerging oil-producing economies, using Ghana as the subject of analysis. Drawing on the “theory of lobby,” the study extends previous analyses to examine how fossil fuel production influences the possibility of transitioning to renewable energy. The results, based on a stepwise estimation technique, within a two-regime Markov-switching Model, show a consistent negative relationship between fossil fuel production and renewable energy deployment, supporting the lobby effect theory in Ghana's energy economy. Notably, while fossil fuel production initially increases the probability of transitioning to renewable energy (from 39.65 % to 58.42 %), this trend is reversed by foreign direct investment, reducing the likelihood to approximately 42 %. These findings underscore the need to expand the lobby-effect theory to include indirect economic influences, such as investment patterns and structural dependencies, that enable fossil fuel dominance. Through its focus on Ghana, this study contributes fresh insights into the energy transition dynamics of emerging economies, offering a broader and more inclusive perspective to the energy transition literature.http://www.sciencedirect.com/science/article/pii/S2405844024173185Emerging economiesGhanaFossil fuel industryRenewable energyLobby effect theoryMarkov-switching Model |
| spellingShingle | Isaac Ankrah Michael Appiah-Kubi Eric Ofosu Antwi Ivy Drafor Amenyah Mohammed Musah Frank Gyimah Sackey Richard Asravor Isaiah Sikayena A spotlight on fossil fuel lobby and energy transition possibilities in emerging oil-producing economies Heliyon Emerging economies Ghana Fossil fuel industry Renewable energy Lobby effect theory Markov-switching Model |
| title | A spotlight on fossil fuel lobby and energy transition possibilities in emerging oil-producing economies |
| title_full | A spotlight on fossil fuel lobby and energy transition possibilities in emerging oil-producing economies |
| title_fullStr | A spotlight on fossil fuel lobby and energy transition possibilities in emerging oil-producing economies |
| title_full_unstemmed | A spotlight on fossil fuel lobby and energy transition possibilities in emerging oil-producing economies |
| title_short | A spotlight on fossil fuel lobby and energy transition possibilities in emerging oil-producing economies |
| title_sort | spotlight on fossil fuel lobby and energy transition possibilities in emerging oil producing economies |
| topic | Emerging economies Ghana Fossil fuel industry Renewable energy Lobby effect theory Markov-switching Model |
| url | http://www.sciencedirect.com/science/article/pii/S2405844024173185 |
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