scholarly journals Unlocking Opportunities in Renewable Energy Technologies in Africa: The Role of Development Financial Institutions

2021 ◽  
Vol 12 (1) ◽  
pp. 92-110
Author(s):  
Oluwaseun Viyon Ojo
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Financial Institutions ◽  
Energy Transition ◽  
Clean Energy ◽  
Global Energy ◽  
Renewable Energy Technologies ◽  
Energy Technologies ◽  
The Impact

Climate change and global warming are undeniably undermining global development with developing or emerging economies being the worse hit in this unfortunate development. In recent times, it has become necessary to adopt effective adaptation measures that mitigate the impact of climate change on the social, political, and economic environment. A global shift to low-carbon energy technologies through the gradual integration of renewable energy resources in the global energy mix has been generally proposed. Whilst legal and regulatory initiatives are indeed crucial in driving this global energy transition, it is equally imperative that the necessary capital is unlocked to finance the construction, development, and expansion of renewable energy projects in Africa. This paper focused on examining the impact of renewable energy technologies on climate change mitigation, and analysed the role of Development Financial Institutions (DFIs) in unlocking the vast opportunities associated with renewable energy technologies or projects, with a view to driving the clean energy transition in Africa.

scholarly journals The Impact of Financial Development On The Clean Energy Transition In MENA Region: The Role of Institutional And Political Factors.

2021 ◽  
Author(s):  
Haifa Saadaoui
Keyword(s):  
Renewable Energy ◽  
Financial Development ◽  
Energy Transition ◽  
Transition Process ◽  
Clean Energy ◽  
Mena Region ◽  
Political Factors ◽  
Long Run ◽  
The Impact

Abstract This study focuses on the role of institutional factors as well as financial development in renewable energy transition in Middle East and North Africa (MENA) region over the period 1990-2018 using the ARDL PMG method. The investigation of long-run and short-run analysis confirms that institutional and political factors play a key role in promoting the transition to renewable energy, and shows that improving these factors can lead to decarbonization of the energy sector in the long run. Another important finding is that global financial development does not have a significant effect on the transition process in the long run, implying that the whole financial system needs a fundamental structural change to accelerate the substitution between polluting and clean energies. However, in the short term, the impact appears to be negative and significant, highlighting the inadequacy of financial institutions and financial markets in promoting the region’s sustainable path. Moreover, income drives the transition to renewable energy in both short and long term. The causality results show that both financial development and institutional quality lead to renewable energy transition, while there is a bidirectional link between income and renewable energy.This study can provide a very useful recommendation to promote a clean transition in the MENA region.

scholarly journals Opening new markets for clean energy: The role of project developers in the global diffusion of renewable energy technologies

2018 ◽  
Vol 20 (4) ◽  
pp. 553-587 ◽  
Author(s):  
Bjarne Steffen ◽  
Tyeler Matsuo ◽  
Davita Steinemann ◽  
Tobias S. Schmidt
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Home Country ◽  
Clean Energy ◽  
Solar Pv ◽  
Spatial Spillovers ◽  
Energy Technologies ◽  
Mixed Method Design ◽  
The Impact

AbstractAs renewable energy supply chains have grown increasingly globalized, national clean energy transitions have become highly influenced by international dynamics. However, these dynamics are themselves collectively shaped by domestic policy that drives the deployment of renewables. While spatial spillovers of domestic renewable energy policies have been studied on an aggregate level regarding policy diffusion or the flows of technology across countries, implications on an actor-level have been largely neglected. This article addresses this gap by analyzing global patterns of market openings for wind, solar PV, and biomass, focusing on the role of private project developers in developing countries. We use a mixed method design, based on a newly merged dataset encompassing eighty countries, and on interviews with pioneering project developers. Results highlight how patterns in market openings are shaped considerably by technology characteristics. Further, empirical results show international private developers are a key first mover in many developing countries. We explore drivers for this internationalization trend, including the impact of international developers' home country policies and the accumulation of tacit knowledge from home country markets for market openings abroad. Finally, we discuss implications for industrial policy and argue for further research on global spillovers of national policies on the actor-level.

scholarly journals Renewable energy and adaptation to climate change

2021 ◽  
Vol 3 (2) ◽  
pp. 111-121
Author(s):  
Marta Stoian
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Renewable Energy ◽  
Energy Transition ◽  
Clean Energy ◽  
Energy System ◽  
Adaptation To Climate Change ◽  
Current Climate ◽  
Holistic Understanding ◽  
The Impact

Climate change is an unprecedented challenge in human history. It requires further immediate and concerted action. Understanding the stage of development of each energy resource, as the impact on the energy system to make informed decisions and prescribe a healthy energy future has thus become a priority. Decisions such as the phasing out of fossil fuels and the transition to an efficient and 100% renewable energy system, as well as increasing the storage capacity of greenhouse gases using environmentally sustainable approaches, maintaining natural ecosystems that generate environmental services, and restoring the degraded ones are now a top issue. Therefore, the relationship between energy and environmental policy is becoming essential. Accordingly, this paper will focus on the transition to renewable energy, the adaptation to climate change and the energy transition at EU level being strenuously debated, in order to build a holistic context of the actual situation. Adaptation to climate change requests a complex scientific study, given the diversity of uncertainties involved, and the interconnections between different areas, such as agriculture, sustainable development or energy industry. Therefore, the aim of research is to provide holistic understanding of the current climate issues, according to the mentioned fields. In this context, it is emphasized the benefits of clean energy by investigating the methods for achieving a prolific energy transition, from a conventional to a sustainable one. Carefully analysing the commitments and the transition to a low-carbon electricity system looking behind the causes and studying closely the underlying elements of all these topics, using the qualitative research method as a basis to indulge in further analysis and research, it was outlined a detailed analysis of the current climate context. In conclusion, the effect of the pressure brought into play by human exploitation of goods and services on the ecosystems was associated with the ongoing concerns of environmental degradation, climatic variations, natural and ecological distortions, and financial setbacks. Taking into account the drive toward accomplishing sustainable development and environmental quality, powerful policies are being implemented, but given the variety of investment conditions in each country and including the different characteristics of the financial markets, there is no unique solution that works for everybody. Therefore, the transition to a more sustainable energy system has a verity of implications but it is an essential condition for sustainable development.

scholarly journals Barriers for Renewable Energy Technologies Diffusion: Empirical Evidence from Finland and Poland

Energies ◽  
2022 ◽  
Vol 15 (2) ◽  
pp. 527
Author(s):  
Oskar Juszczyk ◽  
Juliusz Juszczyk ◽  
Sławomir Juszczyk ◽  
Josu Takala
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Critical Role ◽  
Ghg Emissions ◽  
Energy Transition ◽  
Energy Policies ◽  
Ample Evidence ◽  
Sustainable Solutions ◽  
Renewable Energy Technologies ◽  
Energy Technologies

A harmful impact of climate change and global warming has concerned various sectors of the international community. Numerous energy policies aiming at climate change mitigation have been implemented on a national and global scale. Renewable energy technologies (RETs) play a critical role in enhancing sustainable solutions that significantly limit greenhouse gas (GHG) emissions. Such innovative technologies can facilitate energy transition through providing, e.g., energy security, sustainable development, and effective usage of indigenous resources. However, the commercialization of RETs is extremely challenging. The barriers can be of a different nature, although this study focused on socioeconomic and regulatory issues. There is ample evidence that energy policies play a central role in supporting adoption of renewables. It is also claimed that RETs require the whole ecosystem to support their successful diffusion. In this study, we explored multifarious barriers for widespread RET diffusion in two European Union countries, Finland and Poland, indicating the most common barriers existing in the literature as well as analyzing major bottlenecks from the viewpoint of renewable energy companies’ executives. We also present statistics of the most commonly used RETs in these countries in order to express the diffusion issues more appropriately. The research shows that inflexible, ineffective, and excessive regulatory frameworks; limited financing options; as well as an insufficient level of societal awareness have been seen as the main bottlenecks for RET diffusion in both countries. The outcomes of this study provide useful insights for the researchers in the energy transition field as well as practical managerial and regulatory implications aimed at overcoming these challenges.

scholarly journals Through the Eye of a Needle: An Eco-Heterodox Perspective on the Renewable Energy Transition

Energies ◽  
2021 ◽  
Vol 14 (15) ◽  
pp. 4508
Author(s):  
Megan K. Seibert ◽  
William E. Rees
Keyword(s):  
Renewable Energy ◽  
Energy Transition ◽  
Clean Energy ◽  
Renewable Energy Technologies ◽  
Energy Technologies ◽  
Pass Through ◽  
Climate Crisis ◽  
Alternative Solutions ◽  
Extreme State ◽  
Human Enterprise

We add to the emerging body of literature highlighting cracks in the foundation of the mainstream energy transition narrative. We offer a tripartite analysis that re-characterizes the climate crisis within its broader context of ecological overshoot, highlights numerous collectively fatal problems with so-called renewable energy technologies, and suggests alternative solutions that entail a contraction of the human enterprise. This analysis makes clear that the pat notion of “affordable clean energy” views the world through a narrow keyhole that is blind to innumerable economic, ecological, and social costs. These undesirable “externalities” can no longer be ignored. To achieve sustainability and salvage civilization, society must embark on a planned, cooperative descent from an extreme state of overshoot in just a decade or two. While it might be easier for the proverbial camel to pass through the eye of a needle than for global society to succeed in this endeavor, history is replete with stellar achievements that have arisen only from a dogged pursuit of the seemingly impossible.

scholarly journals The Role of Environmental Attitudes in Explaining Public Perceptions of Climate Change and Renewable Energy Technologies in Lithuania

2021 ◽  
Vol 13 (8) ◽  
pp. 4376
Author(s):  
Aistė Balžekienė ◽  
Agnė Budžytė
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Risk Perceptions ◽  
Environmental Attitudes ◽  
Explanatory Power ◽  
Environmental Identity ◽  
Balance Of Nature ◽  
Renewable Energy Technologies ◽  
Energy Technologies

The Baltic states in general and Lithuania in particular represent a controversial combination of rapidly increasing climate change impacts and moderate or low concern with the climate crisis. A value shift is essential for the societal support and acceptance of renewable energy solutions. This study investigates the role of environmental attitudes in shaping the acceptance and risk perceptions of renewable energy technologies. The article analyses how environmental attitudes are shaping public attitudes towards climate change and perceptions of renewable energy technologies in Lithuania using New Environmental Paradigm (NEP) and environmental identity questions. The study analyses data from a representative public opinion survey with 1029 respondents conducted in Lithuania. The results reveal that environmental identity is a more significant factor in shaping risk perceptions of renewable technologies than is the NEP scale. The balance of nature dimension from the NEP is more closely related to perceptions of renewables than are humans’ right to rule claims. The results show that environmental attitudes have low explanatory power in explaining perceptions of energy technologies in Lithuania.

scholarly journals Barriers for Renewable Energy Technologies Diffusion: Empirical Evidence from Finland and Poland

2021 ◽  
Author(s):  
Oskar Juszczyk ◽  
Juliusz Juszczyk ◽  
Sławomir Juszczyk ◽  
Josu Takala
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Critical Role ◽  
Ghg Emissions ◽  
Energy Transition ◽  
Energy Policies ◽  
Ample Evidence ◽  
Sustainable Solutions ◽  
Renewable Energy Technologies ◽  
Energy Technologies

A harmful impact of climate change and global warming has concerned various sectors of the international community. Numerous energy policies aiming at climate change mitigation have been implemented on a national and global scale. Renewable Energy Technologies (RET) play a critical role in enhancing sustainable solutions that significantly limit greenhouse gases (GHG) emissions. Such innovative technologies can facilitate energy transition through providing e.g. energy security, sustainable development, or effective usage of indigenous resources. However, the commercialization of RET becomes extremely challenging. The barriers can be of a different nature, although in this study the focus has been put on socio-economic and regulatory issues. In fact, there is ample evidence that energy policies play a central role in supporting renewables adoption. It is also claimed that RET require the whole ecosystem to support their successful diffusion. In this study, we explore multifarious barriers for a widespread RET diffusion in two European Union countries: Finland and Poland, indicating the most common barriers existing in the literature as well as analyzing major bottlenecks in the viewpoint of renewable energy companies’ executives. We also present statistics of the most commonly used RET in these countries in order to express the diffusion issues more appropriately. The outcomes of this study provide useful insight for the researchers in the energy transition field as well as practical managerial and regulatory implications aimed at overcoming these challenges.

Sign in / Sign up

Export Citation Format

Share Document