Renewable energy transition and climate finance nexus in sub-Saharan Africa
Developing countries in sub-Saharan Africa (SSA), which are key recipients of climate finance aimed at supporting transitions to cleaner energy, have experienced a general decline in renewable energy transitions despite ongoing financial support. This study employs secondary panel data from 36 SSA c...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-07-01
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| Series: | Global Environmental Change Advances |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2950138525000014 |
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| author | Anthony Amoah Benjamin Amoah Edmund Kwablah Rexford Kweku Asiama |
| author_facet | Anthony Amoah Benjamin Amoah Edmund Kwablah Rexford Kweku Asiama |
| author_sort | Anthony Amoah |
| collection | DOAJ |
| description | Developing countries in sub-Saharan Africa (SSA), which are key recipients of climate finance aimed at supporting transitions to cleaner energy, have experienced a general decline in renewable energy transitions despite ongoing financial support. This study employs secondary panel data from 36 SSA countries covering the period 2000 to 2022 and uses a Generalised Method of Moments (GMM) Panel Vector Autoregressive (PVAR) regression model to explore the relationship between climate finance and renewable energy transitions in the region. The findings suggest that evidence of prior transitions to renewable energy positively influence the availability of current climate finance. This suggests that increases in climate finance are responsive to renewable energy transitions in SSA countries. From a policy perspective, this study underscores the importance of SSA countries strategically advancing toward a zero-carbon economy to attract greater climate-related investments and foster a sustainable future. |
| format | Article |
| id | doaj-art-d9146c235cdc4ee49e959e5017ce0453 |
| institution | Kabale University |
| issn | 2950-1385 |
| language | English |
| publishDate | 2025-07-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Global Environmental Change Advances |
| spelling | doaj-art-d9146c235cdc4ee49e959e5017ce04532025-02-02T05:29:39ZengElsevierGlobal Environmental Change Advances2950-13852025-07-014100013Renewable energy transition and climate finance nexus in sub-Saharan AfricaAnthony Amoah0Benjamin Amoah1Edmund Kwablah2Rexford Kweku Asiama3School of Sustainable Development, University of Environment and Sustainable Development, Somanya, Ghana; Africa Centre for Applied Economics and Policy Research (ACAEP), Accra, Ghana; Environment for Development (EfD), Ghana; Corresponding author at: School of Sustainable Development, University of Environment and Sustainable Development, Somanya, Ghana.Department of Finance, University of Ghana Business School, Accra, GhanaDepartment of Economics and Development Studies, Central University, Accra, GhanaDepartment of Sustainable Energy and Resources, University of Environment and Sustainable Development, Somanya, Ghana; DSI/NRF SARCHI Industrial Development, University of Johannesburg, South AfricaDeveloping countries in sub-Saharan Africa (SSA), which are key recipients of climate finance aimed at supporting transitions to cleaner energy, have experienced a general decline in renewable energy transitions despite ongoing financial support. This study employs secondary panel data from 36 SSA countries covering the period 2000 to 2022 and uses a Generalised Method of Moments (GMM) Panel Vector Autoregressive (PVAR) regression model to explore the relationship between climate finance and renewable energy transitions in the region. The findings suggest that evidence of prior transitions to renewable energy positively influence the availability of current climate finance. This suggests that increases in climate finance are responsive to renewable energy transitions in SSA countries. From a policy perspective, this study underscores the importance of SSA countries strategically advancing toward a zero-carbon economy to attract greater climate-related investments and foster a sustainable future.http://www.sciencedirect.com/science/article/pii/S2950138525000014Energy transitionClimate financeIndustrializationSustainable developmentSustainable digital economy |
| spellingShingle | Anthony Amoah Benjamin Amoah Edmund Kwablah Rexford Kweku Asiama Renewable energy transition and climate finance nexus in sub-Saharan Africa Global Environmental Change Advances Energy transition Climate finance Industrialization Sustainable development Sustainable digital economy |
| title | Renewable energy transition and climate finance nexus in sub-Saharan Africa |
| title_full | Renewable energy transition and climate finance nexus in sub-Saharan Africa |
| title_fullStr | Renewable energy transition and climate finance nexus in sub-Saharan Africa |
| title_full_unstemmed | Renewable energy transition and climate finance nexus in sub-Saharan Africa |
| title_short | Renewable energy transition and climate finance nexus in sub-Saharan Africa |
| title_sort | renewable energy transition and climate finance nexus in sub saharan africa |
| topic | Energy transition Climate finance Industrialization Sustainable development Sustainable digital economy |
| url | http://www.sciencedirect.com/science/article/pii/S2950138525000014 |
| work_keys_str_mv | AT anthonyamoah renewableenergytransitionandclimatefinancenexusinsubsaharanafrica AT benjaminamoah renewableenergytransitionandclimatefinancenexusinsubsaharanafrica AT edmundkwablah renewableenergytransitionandclimatefinancenexusinsubsaharanafrica AT rexfordkwekuasiama renewableenergytransitionandclimatefinancenexusinsubsaharanafrica |