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The impact of green finance, renewable energy, and economic growth on energy transition in African countries

Energy transition demands radical and immediate action, requiring substantial mobilisation of green finance to advance progress towards limiting global warming to 1.5°C. The impact of green finance, renewable energy, and economic growth on carbon dioxide emissions has been assessed, however, limited...

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Main Author: Malatji, Charity Tumisho
Other Authors: Kabinga, Mundia
Format: Thesis
Language:English
English
Published: Graduate School of Business (GSB) 2025
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access_status_str Open Access
author Malatji, Charity Tumisho
author2 Kabinga, Mundia
author_browse Kabinga, Mundia
Malatji, Charity Tumisho
author_facet Kabinga, Mundia
Malatji, Charity Tumisho
author_sort Malatji, Charity Tumisho
collection Thesis
description Energy transition demands radical and immediate action, requiring substantial mobilisation of green finance to advance progress towards limiting global warming to 1.5°C. The impact of green finance, renewable energy, and economic growth on carbon dioxide emissions has been assessed, however, limited to developed countries and China. The study poses the question whether green finance, renewable energy, and economic growth have an impact on carbon dioxide emissions in selected African countries. The study employed a panel PMG-ARDL approach, over the period 2000 – 2019. The findings indicate that in the long run, renewable energy has a negative impact on carbon dioxide emissions, whereas green finance and economic growth positively impact carbon dioxide emissions. Moreover, in the short run, green finance has a negative impact on carbon dioxide emissions, while renewable energy and economic growth indicate an insignificant impact on carbon dioxide emissions. Lack of access to green finance is the biggest obstacle to Africa's energy transition. The study suggests an improved leadership commitment; and environmental policy implementation to accelerate the energy transition.
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institution University of Cape Town (South Africa)
language English
eng
last_indexed 2026-06-10T12:33:33.643Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository
publishDate 2025
publishDateRange 2025
publishDateSort 2025
publisher Graduate School of Business (GSB)
publisherStr Graduate School of Business (GSB)
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source_str UCTD — University of Cape Town Open Access Repository
spelling oai:open.uct.ac.za:11427/42410 The impact of green finance, renewable energy, and economic growth on energy transition in African countries Malatji, Charity Tumisho Kabinga, Mundia CO2 emissions energy transition green finance PMG-ARDL renewable energy Energy transition demands radical and immediate action, requiring substantial mobilisation of green finance to advance progress towards limiting global warming to 1.5°C. The impact of green finance, renewable energy, and economic growth on carbon dioxide emissions has been assessed, however, limited to developed countries and China. The study poses the question whether green finance, renewable energy, and economic growth have an impact on carbon dioxide emissions in selected African countries. The study employed a panel PMG-ARDL approach, over the period 2000 – 2019. The findings indicate that in the long run, renewable energy has a negative impact on carbon dioxide emissions, whereas green finance and economic growth positively impact carbon dioxide emissions. Moreover, in the short run, green finance has a negative impact on carbon dioxide emissions, while renewable energy and economic growth indicate an insignificant impact on carbon dioxide emissions. Lack of access to green finance is the biggest obstacle to Africa's energy transition. The study suggests an improved leadership commitment; and environmental policy implementation to accelerate the energy transition. 2025-12-05T08:49:52Z 2025-12-05T08:49:52Z 2025 2025-12-05T07:55:08Z Thesis / Dissertation Masters MBA http://hdl.handle.net/11427/42410 en eng application/pdf Graduate School of Business (GSB) Faculty of Commerce University of Cape Town
spellingShingle CO2 emissions
energy transition
green finance
PMG-ARDL
renewable energy
Malatji, Charity Tumisho
The impact of green finance, renewable energy, and economic growth on energy transition in African countries
thesis_degree_str Master's
title The impact of green finance, renewable energy, and economic growth on energy transition in African countries
title_full The impact of green finance, renewable energy, and economic growth on energy transition in African countries
title_fullStr The impact of green finance, renewable energy, and economic growth on energy transition in African countries
title_full_unstemmed The impact of green finance, renewable energy, and economic growth on energy transition in African countries
title_short The impact of green finance, renewable energy, and economic growth on energy transition in African countries
title_sort impact of green finance renewable energy and economic growth on energy transition in african countries
topic CO2 emissions
energy transition
green finance
PMG-ARDL
renewable energy
url http://hdl.handle.net/11427/42410
work_keys_str_mv AT malatjicharitytumisho theimpactofgreenfinancerenewableenergyandeconomicgrowthonenergytransitioninafricancountries
AT malatjicharitytumisho impactofgreenfinancerenewableenergyandeconomicgrowthonenergytransitioninafricancountries